Cummins Corrects Fourth Quarter Performance Downwards


Late Wednesday evening news from Beijing time, Cummins Engine Corp (CMI) revised downward its fourth quarter results as of Dec. 31 due to higher-than-expected warranty costs.

The company halved its fourth-quarter earnings figures released on February 3, from $89 million, or 45 ce

WTO's impact on the packaging machinery industry

At present, the level of China's packaging machinery industry is not high enough. In the face of strong domestic brands, domestic enterprises should take active measures. The packaging machinery market is increasingly monopolized. At present, in addition to corrugated box