* Will work hard to achieve double-digit cost reduction in 2009 in China
* Chinese sales revenue contribution to the company will rise from 12% to higher
* The company's largest factory in the world is put into production in China in June
Cummins, a diesel engine manufacturer in the United States, said on Tuesday that the company is actively trying to reduce the cost of the Chinese region by more than 10% in 2009, after the company said that its global profit dropped sharply.
Cummins’s global profit for the first quarter announced in April this year dropped sharply by 96% to only $7 million, as the global economic recession hit sales of diesel engines and parts.
At that time, the company also predicted that the global economy or its market conditions could be improved within this year.
John Watkins, CEO of Cummins China Investment Co., Ltd., told Reuters, "It's really nice that I can be in China."
Watkins said that Cummins has focused on meeting the rapidly growing needs of its customers over the past decade, but with the global economic slowdown, it should shift its focus to cutting costs and increasing efficiency.
"We are now more focused on cutting costs," he said. "The goal in China is to achieve a double-digit reduction."
Watkins also said that Cummins has identified some areas that can cut costs and improve efficiency, but will not achieve cost reduction targets through layoffs.
He also said that although China's sales this year are expected to decline, but the rate is much smaller than the company's overall situation.
Watkins revealed that sales in China will actually increase its contribution to the company's revenue from 12% in 2008.
The company will build four factories in China this year, one of which will become its largest plant in the world after the engine has an annual capacity of 400,000 units.
Diamond Sharpening Stones is a abrasive honing stones have man made diamonds bonded to a hard, rustles surface which provides an abrasive surface that is harder than any other material - Diamond Stones are very sharp and capable of lasting almost indefinitely. Use Diamond Stones to sharpen or lap almost anything, from tool steel to carbides to glass and ceramics (including ceramic stones). Whenever practical, wetting the stones with water or light oil will virtually eliminate clogging while you sharpen,but they can be used dry as well.
One of the most common arguments for using diamond sharpening plates is that they are flat and do not become hollowed out during their working lives. The first point is only partly true, as the flatness of the plates depends a great deal on the quality of, and the method used to manufacture the plate. But it is true that they do not become hollow in use, like other kinds of sharpening stones do.
Special Diamond Tool,Diamond Sharpening Stone,Rotary Diamond Bit,Polishing Honings Stone,Abrasive Honing Stones
Hans Superabrasive Material Co., Ltd. , https://www.hansuperabrasive.com