Cummins Inc., the world's leading power equipment manufacturer, said that it plans to invest hundreds of millions of dollars to improve product quality in order to achieve revenue growth in 2010.
At the company's annual meeting, Cummins Chairman and Chief Executive Tim Solso said to its shareholders: "The company expects sales this year to increase by 11% from 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.
At the company's annual meeting, Cummins Chairman and Chief Executive Tim Solso said to its shareholders: "The company expects sales this year to increase by 11% from 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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