Stainless Steel Swivel,Stainless Steel Eye Swivel Ring,Stainless Steel Swivel Chain,Double Eye Link Chain Swivel Jiangsu Juke Metal Products Co.,Ltd. , https://www.jsjukemetal.com
Size: 1/4", 5/16", 3/8", 1/2", 5/8", 3/4", 7/8", 1", 1-1/4", 1-1/2"
Usage: Lifting, connecting, Wire rope fittings, Chain fittings, Marine hardware fittings
Swivel standards: G-401 chain swivel, G-402 regular swivel, G-403 jaw end swivel
Feature: Swivels are used to connect various types of chain, wire rope, or fibrous ropes. These swivels can relieve stress and force caused by twisting and knotting while being pulled taut.
Cummins scores record high for four years in a row. International business outside the United States accounts for 54%, China increases by 50%.
Cummins Inc. (NYSE: CMI) recently released its 2007 financial results, showcasing record sales and profits, continuing a four-year streak of strong growth. The company's diversified strategy played a crucial role in maintaining steady performance across various markets.
In 2007, Cummins achieved a record annual revenue of $13 billion, reflecting a 15% increase from the $11.4 billion recorded in 2006. EBITDA reached $1.23 billion, or 9.4% of total sales, up 4% compared to the previous year. Net profit also rose by 3%, reaching $739 million.
Despite a challenging North American heavy truck market, which dropped nearly 50% due to new emissions regulations, Cummins' strategic focus on market diversification and global expansion helped counteract this decline. Growth was observed in both the North American truck segment and international markets, allowing the company to maintain double-digit growth overall.
Cummins' 2007 emissions-compliant engines, featuring CEGR + DPF technology, were highly praised for their reliability, durability, and fuel efficiency. As a result, the company's market share in North America’s heavy-duty truck segment nearly doubled to around 40% in 2007.
Tim Solso, Chairman and CEO of Cummins, highlighted the company’s resilience, stating that it delivered excellent results despite regional challenges. He emphasized that over the past five years, the company has consistently delivered a 55% return on shareholder investment, underscoring its position as a global leader in power solutions.
Cummins’ performance in 2007 was widely recognized, with Diesel Progress magazine naming it "Newsmaker of the Year" — the second time the company received this honor in five years.
Internationally, 54% of Cummins’ sales came from outside the U.S., with emerging markets such as China, India, and Russia showing robust growth. In India, sales increased by nearly 50%, with the company expanding its manufacturing footprint. In Russia, sales jumped 55% in 2007, driven by demand in oil, gas, and mining sectors. A joint venture with Kamaz is set to launch an advanced diesel engine in the near future.
In China, Cummins saw a 50% increase in sales, reaching over $1.7 billion. Several key projects were successfully advanced, including:
1. A joint venture with Beiqi Foton to produce next-generation light diesel engines in Beijing.
2. A collaboration with Dongfeng Motor to develop a fully electronic 13-liter heavy-duty engine.
3. Introduction of the QSK series 19- and 38-liter engines in Chongqing.
4. A new joint venture with Shaanxi Automobile Group in Xi’an.
5. The establishment of a new plant for fuel systems in Beijing.
6. Progress in localizing emissions control systems, with Euro IV-compliant post-processors expected to begin production in 2008.
Cummins’ 2007 financial highlights include:
| Metric | 2007 | 2006 | Growth |
|--------|------|------|--------|
| Sales (Billion USD) | 13.0 | 11.4 | 15% |
| EBITDA | 1.23 | 1.18 | 4% |
| Net Profit | 0.739 | 0.715 | 3% |
| Return on Investment | 3.29 | 3.21 | 2.5% |
| Engine Shipments | 900,000 | 833,300 | 8% |
The company's business is divided into four main segments:
| Division | Percentage of Total Business |
|----------|------------------------------|
| Engine Division | 52% |
| Electric Power Division | 19% |
| Parts Business Department | 19% |
| Distribution Division | 10% |
Geographically, the company's revenue breakdown includes:
| Region | Percentage of Total Business |
|--------|------------------------------|
| United States | 46% |
| International Markets | 54% |
| Asia and Australia | 19% |
| Europe and CIS | 18% |
| Mexico and Latin America | 9% |
| Africa and Middle East | 5% |
| Canada | 3% |
Looking back over the past five years, Cummins has consistently shown strong growth in both sales and EBITDA:
| Year | Sales (Billion USD) | EBITDA (Million USD) |
|------|---------------------|-----------------------|
| 2007 | 13.0 | 1,230 |
| 2006 | 11.4 | 1,180 |
| 2005 | 9.9 | 910 |
| 2004 | 8.4 | 540 |
| 2003 | 6.3 | 180 |
Cummins continues to solidify its position as a global leader in power solutions, driven by innovation, strategic expansion, and a commitment to excellence.
Stainless Steel Swivel
Material: Stainless steel 304/316