Comprehensive foreign reports, the world's leading power equipment manufacturer Cummins Inc. (Cummins Inc.) said that it plans to invest hundreds of millions of dollars to improve product quality in order to achieve growth in revenue in 2010.
At the company's annual meeting held last week, Cummins Chairman and Chief Executive Tim Solso said to its shareholders: "The company expects sales this year to increase by 11% over the same period last year to $12 billion."
In addition, Su Zhiqiang said in a statement issued by the company that Cummins will invest US$400 million in the development of new products this year to increase production capacity.
Cummins expects to achieve a $20 billion annual revenue target in 2014.
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