Cummins to pick from New York firms to design downtown offices
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.
Engineers from several locations will be based at the $70 million center about 50 miles south of Indianapolis, and more than 600 people could be working there when it is completed next year.
Columbus, Ind.-based Cummins Inc. designs and manufactures diesel engines for automotive and industrial markets. It also provides filtration, exhaust and electronics systems, natural gas engines and engine components.
Cummins Inc. expects to start hiring this year at a central Indiana factory as it starts building a new diesel engine that will go into the light-duty Nissan Titan pickup truck. The engine maker said it could add up to 500 employees.
The Columbus-based manufacturer reported a profit of $338 million as revenue increased 12 percent.
The engine maker’s planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
The engines can be found in a variety of commercial vehicles including school and transit buses as well as fire trucks.
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.
The facility in Columbus would be the first of its kind for the company. Should the concept prove successful, Cummins will consider similar arrangements in other areas with Cummins plants, said Dr. Dexter Shurney, chief medical officer for Cummins.
Shares in Cummins Inc. slid more than 9 percent Tuesday morning after the Columbus-based engine manufacturer reported weaker-than-expected sales and profit in the third quarter, and lowered its outlook for the rest of the year.
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
Cummins said the 5-liter, V-8 turbo diesel will be built in Indiana at the company's historic plant in downtown Columbus, creating up to 500 jobs over the next several years. About 300 people currently work on the V-8 program.
Columbus-based Cummins Inc. plans to announce Tuesday afternoon an agreement with Nissan Motor Co. to supply diesel engines for Titan pickup trucks.
Shares of Columbus-based engine maker Cummins Inc. shot up 4 percent in Tuesday morning trading despite a reported 11-percent dip in profit for its second quarter.
Cummins proposes remodeling the four-story former Irwin Union Bank building in downtown Columbus that the company bought in 2010. The new warehouse planned near Cummins’ Walesboro factory could add about 25 jobs.
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year’s list of the largest U.S. companies.
The Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell 12 percent on weak demand for its products in domestic and international markets.
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.