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4-Traders Homepage  >  Shares  >  Nyse  >  Cummins Inc.    CMI

Delayed Quote. Delayed  - 07/31 04:05:53 pm
129.53 USD   -0.21%
07/30 Cummins and Schneider Electric Create Corporate Responsibility Pa..
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Cummins : and Schneider Electric Create Corporate Responsibility Partnership to Improve Global Communities

07/31/2015 | 02:03pm US/Eastern

(GlobeNewswire) - Representatives from Cummins Inc. (NYSE:CMI) and Schneider Electric signed a joint declaration today to partner on community improvement projects across the globe.

"This partnership will improve how Cummins provides resources and engages employees in corporate responsibility projects around the globe," said Mark Levett, Vice President of Corporate Responsibility and CEO of the Cummins Foundation. "Working together, Cummins and Schneider Electric can use our global footprint, and the strength of our employee's skills, to drive even greater change in our communities."

Schneider Electric's Francois Milioni, Director Training - Program "Access to energy", concurs. "We share a belief with Cummins that as organizations with expertise and scale, we have a responsibility to actively support efforts to improve our communities and our world," he said. "By joining forces to further animate this belief, we will be able to do more collectively than we could individually and increase the positive impacts we can make for our society."

Both companies have a long history of strengthening communities in the areas where they operate. This dedication to local communities is continuing through a new corporate responsibility partnership. The agreement will improve how both organizations address environmental challenges, promote technical education and support equal opportunities for all.

Cummins and Schneider Electric have a strong business relationship having worked together on many business initiatives in more than a dozen countries. They also have similar values and commitments to improve communities around the globe. In an employee survey conducted by Cummins and Schneider Electric employees, more than half said participating in community service projects advances the business relationship between the two companies.

This corporate responsibility partnership is a natural next step to augment the business relationship. The two organizations can achieve greater impact together by expanding employee engagement opportunities and creating a unique business partnership for the common good.

Cummins and Schneider Electric partnered earlier on Cummins' Technical Education for Communities (TEC) program. TEC is a coalition-based vocational education program designed to increase access to good jobs. Schneider Electric and Cummins have collaborated at the Turkey TEC site since 2014. As part of the partnership, the organizations supply equipment, develop curriculum and provide workplace learning opportunities for students. They also will help hire TEC graduates to fill open technician positions in those markets.

In addition to TEC, the two organizations plan to collaborate on Schneider Electric's Access to Energy program, which aims to spread access to reliable, affordable and clean energy. There are also plans to work together on Power to Prosper, a Cummins initiative to develop and scale electrification models that reduce barriers to economic growth in economically troubled communities.

Both companies hope this global collaboration agreement will provide a framework for future partnerships models that provide more opportunities for employees around the world to participate in projects that improve their local communities.

About Cummins Inc.

Cummins is a global power leader that designs, manufactures, sells and services diesel engines and related technology around the world. Headquartered in Columbus, Indiana (USA) Cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned 1.67 billion on sales of 19.2 billion in 2014. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at @Cummins and on YouTube at CumminsInc.

About Schneider Electric

Schneider Electric develops technologies and solutions to make energy safe, reliable, efficient, productive and green. The Group invests in R &D in order to sustain innovation and differentiation, with a strong commitment to sustainable development. Schneider Electric, operates in over 100 countries with around 170,000 employees worldwide (as of December 2014). In 2014, the company generated revenues of €24.9 billion. Schneider Electric's presence is balanced across 4 geographical regions and 4 diversified end-markets, enabling it to capture the growth potential of fast-growing countries and markets and to balance their volatility.

Photos accompanying this release are available at:http://www.globenewswire.com/newsroom/prs/?pkgid=34828http://www.globenewswire.com/newsroom/prs/?pkgid=34829

Jon Mills

Director, External Communications


For the original version on GlobeNewswire visit: http://globenewswire.com/news-release/2015/07/30/756502/10144003/en/Cummins-and-Schneider-Electric-Create-Corporate-Responsibility-Partnership-to-Improve-Global-Communities.html

(c) 2015 NNA LEBANON Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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