COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final results of its previously announced offer to its shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) common stock owned by Cummins. The exchange offer expired at 12:00 midnight, New York City time, at… Continue reading Cummins Announces Final Results of Exchange Offer and Finalizes Separation of Atmus Filtration Technologies Inc.
Author: BusinessWire Online News
Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”). Pursuant to the Amendment, the Borrower increased its commitments under its revolving credit facility from $650 million… Continue reading Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
Valmet Automotive raised battery production to a new record in 2023
Valmet Automotive produced a total of 800,000 battery systems in 2023, marking the new production record for the company. In total, the company has already produced more than 2 million battery systems since entering the battery business in 2018, and with the record volume, the EVS business line’s gross sales exceeded EUR 1 billion for… Continue reading Valmet Automotive raised battery production to a new record in 2023
Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced that, based on preliminary results, its previously announced offer to its shareholders to exchange their shares of Cummins common stock for shares of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) common stock owned by Cummins was oversubscribed. The exchange offer expired at 12:00 midnight, New York… Continue reading Cummins Announces Preliminary Results of Atmus Filtration Technologies Inc. Exchange Offer
Toyoda Gosei Rated at Top Level in CDP Supplier Engagement Rating for Fifth Consecutive Year
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has been named to the CDP1 Supplier Engagement Leaderboard for the fifth consecutive year. CDP is an international not-for-profit environmental organization that conducts an annual Supplier Engagement Rating on climate issues, with the top-rated companies named to the Leaderboard. This CDP rating assesses how effectively companies collaborate with… Continue reading Toyoda Gosei Rated at Top Level in CDP Supplier Engagement Rating for Fifth Consecutive Year
Accelera fuel cells power locomotive in Austrian project HY2RAIL
COLUMBUS, Ind.–(BUSINESS WIRE)–Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has reached a significant milestone by successfully commissioning its first fuel-cell-powered locomotive for freight rail applications. Replacing typical diesel generators, Accelera fuel cells now serve as the primary power unit in the conversion project of a light On Track Machine (OTM)… Continue reading Accelera fuel cells power locomotive in Austrian project HY2RAIL
Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) (“Cummins”) announced the final exchange ratio for its previously announced split-off exchange offer to Cummins shareholders to exchange their shares of common stock of Cummins for shares of common stock of Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) currently held by Cummins. For each share of Cummins common… Continue reading Cummins Announces Final Exchange Ratio of 12.0298 in Split-Off of Atmus Filtration Technologies Inc.
Valmet Automotive’s Annual Review 2023: Strategic transformation continued through new products and plants
Gross sales* of EUR 2.2 billion, net sales of EUR 531 million and operating profit 3.7% of net sales During the financial year, Valmet Automotive’s gross sales amounted to EUR 2,221.4 (2,841.9) million, a decrease of 21.8% compared to the year earlier. The net sales were EUR 531.2 (603.5) million, which was 12.0% lower than… Continue reading Valmet Automotive’s Annual Review 2023: Strategic transformation continued through new products and plants
Toyoda Gosei Invests in Craif, Inc., a Startup Developing Urine Test Kits for Higher Possibility of the Early Detection of Cancer
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd.(TOKYO:7282), in its efforts to pioneer new businesses to resolve societal healthcare issues, has invested1 in Craif, Inc., a startup out of Nagoya University that develops urine test kits that enhance the possibility of the early detection of cancer. With its expertise in nanometer level processing technology in the bioscience… Continue reading Toyoda Gosei Invests in Craif, Inc., a Startup Developing Urine Test Kits for Higher Possibility of the Early Detection of Cancer
Cummins announces innovative next generation X15 diesel engine, part of Cummins HELM™ 15-liter fuel agnostic platform, launching in North America to meet aligned 2027 regulations
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced it will launch its most efficient heavy-duty diesel engine ever. As the next product in the Cummins HELM™ 15-liter fuel agnostic platform, the diesel X15 will be compliant with U.S. EPA and CARB 2027 aligned regulations at launch. The next generation X15 diesel engine in North America… Continue reading Cummins announces innovative next generation X15 diesel engine, part of Cummins HELM™ 15-liter fuel agnostic platform, launching in North America to meet aligned 2027 regulations