Chongqing Cummins Engine Sees Continuous Profit Rising
2009-06-18 Source：english.chinabuses.com
Summarize：Despite the impact of international financial crisis on the real economy impact, Chongqing Cummins Engine Co., Ltd. actively seizes the opportunities in high-end market, develops high-powered engine p ...
Despite the impact of international financial crisis on the real economy impact, Chongqing Cummins Engine Co., Ltd. actively seizes the opportunities in high-end market, develops high-powered engine production technology, rapidly increases productivity, though sales fall since 2009,profit continuously rising.
In the production line of Cummins, the reporter saw the workers are busy with producing 38 L high-powered engine, which needs higher technology. Only a few enterprises such as Cummins has the production capacity,therefore, Cummins adjusts product structure in the international financial crisis, pays more attention to the production of high-powered engines, the price of high-powered engines has been more than 500,000 yuan($73,300) since this year, 6 or 7 times of small engines, and demand exceeds supply.
Now, the profit made from high-powered engines contributes more in profit growth. Cummins realizes that only those enterprises with advanced technology can make profit despite the financial crisis, as a result, Cummins begins to develop the highest level 50 L high-powered engine, with an expected price more than 800,000 yuan ($117,000), its sample engine is expected to be sold in the market within the year.
Cummins also enters parts market for more profit. It is reported that parts sales was only 11 million yuan($1,61 million) before April, only accounted for 6% of total sales, after repeated research, Cummins found it had technology advantage in parts, through market develop, parts sales rapidly rise, reached15 million yuan ($2.2 million) in May, 18 million yuan ($2.64 million) is expected in June, parts sales is expected to reach 20 million yuan ($2.93 million) from July, and strives for 25 million yuan ($3.67 million). Through these effective measures, Cummins sees continuous profit rising this year.
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