Cummins’ off-highway business executive director was speaking after the recent launch of Accelera by Cummins, a new brand for the company’s New Power business unit.
Accelera by Cummins provides a diverse portfolio of zero-emissions solutions for many of the world’s most vital industries empowering customers to accelerate their transition to a sustainable future.
“As an industry, our next big challenge is around carbon emissions. Cummins embraces this opportunity and always tries to bring as low emissions products to the marketplace as we can.
“With the complexity and the variation of the applications in the off-highway world, it requires us to focus on two main areas: advanced and internal combustion engine technology, with further enhancements to performance and compatibility with cleaner fuels, and zero-emissions solutions, like hydrogen fuel cells, battery technology and electrolysers.
“We are technology leaders today and will be technology leaders tomorrow.”
Cummins reported strong performance for its fourth quarter and full-year 2022. Revenues for the fourth quarter were US$7.8bn. Excluding Meritor, the acquisition of which was completed on 3 August 2022, revenues were $6.6bn, 13% higher than the same quarter in 2021.
Excluding Meritor, sales in North America increased by 25%, and international revenues decreased by 1% compared to the fourth quarter of 2021. But strong demand across all global markets was offset by a slowdown in China and Russia, where operations have been suspended indefinitely.
South Hall, Booth S84615