Archive for October 11th, 2006
Corning Inc. Lands Huge Diesel Emissions Deal

CORNING, N.Y., October 11, 2006 – Corning Incorporated (NYSE:GLW) and Cummins Emission Solutions, a business unit of Cummins Inc. (NYSE:CMI), jointly announced today that they have entered into a long-term agreement for the supply of Corning emissions control products. This multi-year agreement will help Cummins meet EPA 2007 regulations which take effect Jan. 1, 2007.

Corning and Cummins Emission Solutions worked jointly to integrate Corning DuraTrap® filters and Corning Celcor® substrates into an advanced aftertreatment platform optimized for a range of Cummins medium- and heavy-duty engines which will be used in EPA 2007 on-highway applications.

“We are pleased that Corning has been awarded the opportunity to serve Cummins emission control needs for the growing heavy-duty diesel market,” said Thomas R. Hinman, senior vice president and general manager of Corning Diesel Technologies. “Our agreement further strengthens our long-standing and mutually beneficial relationship. This announcement represents a significant milestone for Corning and reinforces our position as a leader in heavy-duty emissions control solutions.”

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Cummins Diesel Will Add a New Plant, 600 Jobs Created

Indiana will get another automotive plant converting an underused factory. THis will revive the Columbus Engine Plant, and make Indiana the only state with three automotive plants in 2006. This new plant will create 600 jobs, and probably for the first time in a long while raise concern there may not be enough qualified workers.

The new factory will be building Cummins’ new high-mileage smaller displacement diesel that has as of yet not been disclosed as to which manufacturer it will go too. However, if these new clean diesels catch on it could mean even more jobs created. Diesels initial cost is slightly higher than that of a gasoline counterpart, but is made up by it’s 25-30% greater fuel efficiency. This also makes them more economical than most real-world mileage results of hybrids.

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