Cummins and Komatsu Partner to Improve Global Communities through Corporate Responsibility Partnership
April 11 2016 - 10:44AM
Business Wire
Tom Linebarger, CEO of Cummins Inc. (NYSE: CMI), and Tetsuji
Ohashi, CEO of Komatsu Ltd. today announced a global corporate
responsibility partnership to improve communities around the world.
This partnership will build on the companies’ already strong
business relationship.
“For decades, Cummins and Komatsu have built a strong and
growing business relationship,” said Linebarger. “We share common
goals and aspirations for our respective businesses, as well as for
the people living in our communities. Using the strength of our
employees’ skills, our global presence and our strong business
partnership, we can provide opportunity to those most in need. This
is a win for Cummins, a win for Komatsu, but most importantly a win
for our communities.”
"We share a common commitment to producing and supporting
products in a responsible manner, as well as to strengthening
education and improving opportunities for the people of the
communities where we do business,” Tetsuji Ohashi expressed. “A
partnership that helps the people of our communities will only make
our business partnership stronger. It is with great enthusiasm that
Komatsu enters into this global collaboration with a trusted
partner like Cummins."
Komatsu and Cummins began discussing a global corporate
responsibility partnership a few years ago when they discovered a
shared commitment to education. Both companies have invested in
technical education in their communities. For example, Cummins
Technical Education for Communities (“TEC”) program is dedicated to
closing the technical skills gap by providing a standardized
platform to help education partners develop market-relevant
curriculum, teacher training, career guidance and practical work
experiences that students need. Komatsu has developed similar
global education programs.
Corporate responsibility partnerships are important
opportunities for global companies because they leverage employee
skills that are very valuable to communities, and strong working
relationships developed through years of business partnership.
Cummins and Komatsu have worked closely together for decades to
provide equipment in mining and construction markets. Their
relationship is a true partnership: Cummins and Komatsu are
customers, suppliers and joint venture partners to one another.
Building on this foundation, corporate responsibility collaboration
is a natural next step.
“Komatsu and Cummins share a belief that business plays a key
role in solving problems in the communities in which we work,” said
Mary Titsworth Chandler, Executive Director of Corporate
Responsibility and Chief Executive Officer of the Cummins
Foundation. “We are pleased to join Komatsu in these efforts,
particularly in our mutual commitment to education. Communities
around the world are suffering from unemployment and low wage work
due to skill set disparities that place significant pressure on
families. We can help our communities improve their skills, making
a greater impact together than we would alone. We welcome community
collaboration with other companies to improve the lives of people
around the world.”
“With the combined experience of our teams, we are confident we
can make great progress addressing these challenges. We will share
best practices in corporate responsibility to improve the
effectiveness of our efforts,” said Kako Kurasawa, General Manager,
CSR Department, Komatsu Ltd.
Prior to formalizing this global relationship, Cummins and
Komatsu partnered in other community projects. In Australia,
Komatsu and Cummins signed a national agreement for TEC
collaboration earlier this year and are working on plans for five
educational programs around the country. In South Africa, Cummins,
Komatsu and Schneider Electric plan to launch a TEC program in
2016. In the United States, Komatsu and Cummins, along with other
partners including the State of Utah, launched the Diesel
Technicians Pathways Program in Salt Lake City. This
vocational education initiative includes two high school diesel
programs as well as a community college. Finally, in Peru,
Komatsu-Mitsui Peru and Cummins Peru have just launched a TEC
partnership with a local school, SENATI, in Arequipa focused on
heavy duty machinery maintenance.
Both Cummins and Komatsu have previously partnered with other
companies to achieve greater corporate responsibility impact. In
2015, Cummins formalized a global corporate responsibility
partnership with Schneider Electric, collaborating on TEC and
energy access initiatives Komatsu collaborates with various
customers and stakeholders.
Representatives from both Cummins and Komatsu hope that this
global corporate responsibility collaboration will inspire other
companies to partner, using their skills and talents to improve
access to opportunity for all.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business units that design, manufacture, distribute
and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins
currently employs approximately 55,000 people worldwide and serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent
distributor locations and approximately 7,200 dealer locations.
Cummins earned $1.4 billion on sales of $19.1
billion in 2015. Press releases can be found on the Web
at www.cummins.com. Follow Cummins on Twitter
at www.twitter.com/cummins and
on YouTube at www.youtube.com/cumminsinc.
About Komatsu
Komatsu Ltd. is a leading international manufacturer of
construction and mining equipment as well as industrial machinery.
Headquartered in Tokyo, Japan, Komatsu employs approximately 46,000
people around the world. In the construction and mining equipment
business, it operates 40 plants in 13 countries. Komatsu earned JPY
154 billion on sales of JPY 1,978 billion for FY2014. For more
information, visit the company's website at www.komatsu.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160411005905/en/
Cummins Inc.Jon Mills, 317-658-4540Director, External
CommunicationsJon.mills@cummins.com
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