Late Wednesday evening news from Beijing time, Cummins Engine Corp (CMI) revised downward its fourth quarter results as of Dec. 31 due to higher-than-expected warranty costs.
The company halved its fourth-quarter earnings figures released on February 3, from $89 million, or 45 cents per share, to $43 million, or 22 cents per share.
The 2008 full-year profit figure was cut from the original $801 million, or $4.08 per share, to $755 million, or $3.84 per share.
Cummins said that the revision was due to the increase in the warranty liability for mid-range engine products introduced in 2007, and as a result, the maintenance cost was higher than expected.
The company said that product failures and maintenance costs resulted in an increase of about $82 million in expenses in the fourth quarter.
The company said in a statement: "The company is actively responding to product problems and has taken measures to reduce the failure rate of these products."
Cummins also reiterated that it expects revenue for the fiscal year 2009 to decline by approximately 20% year-on-year, from $14.34 billion in fiscal 2008 to $11.47 billion.
View related topics: Cummins - world-class engine manufacturer
Air Cooling Conveyor
1.Application:
Generally is used in powder coating production line to cool the extruded material. An stainless steel caterpallar along with cold air solidfy melted material and lead them to crusher at the end of the cooling band.
Flakes can be adjusted from 1-3mm in thickness and 5-10mm in width.
2.Main Characteristic:
1. Cooling roll has been designed specially to max. cool efficiency
2. Hard chrome plated cooling roll
3. Cooling roll and crusher equipped with overloaded alarm and protection system
4. Chain anti distortion system
5. Reverse motion possibility for emergency case
3.Machine Picture:
4.Our Advantage & Service:
-Technical Support Online Service Provided
-On-site Training Service Provided
We can supply all Powder Coating Raw Materials( polyester resin, epoxy resin, barium sulfate, gloss agent and so on) in the formulation.
According to customer's requirement, we provide layout (plant designer), excellent mechanical engineer, excellent electrician, etc.
In customer factory, we provide all kinds of training, including installation, commissioning
-Long-term Maintenance Provided
In the area of maintenance, we offer needs-oriented and standardized maintenance packages, such as the overhaul of components, gearboxes, in order to guarantee the safe and economic operation of plant and machinery.
-Spare Parts Replacement and Repair Service Provided
Providing spare parts for all kinds of powder coating processing equipment in long-term. And can provide tailored made spare parts according to customers' requirements. Ensure advanced craft, good material and high precision.
-Formulation Provided (our advantage):
Some customers are worried their final products if can get best result, we have our own formulator (Engineer for powder coating formulation) who is testing and updating the formulation according to customer requirement all the time. And have very good experience for the formulation to support customer to make different effect powder coatings.
Powder Coating Air Cooling Conveyor,Wind-Cooled Cooling Crusher System,Powder Coating Air Cooling Band ,Air Cooling System
Yantai Yuanli Corp Ltd , https://www.yuanlicorpcn.com