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Cummins Diethelm Ltd. launched in Thailand

04.12.2006 | Thai Joint Venture of industry leaders brings strengths to region. Diethelm Limited, a part of the DKSH Group, and Cummins Inc., a global power leader today announced the signing of an agreement setting up a Joint Venture operation in Thailand.

Diethelm Limited, a part of the DKSH Group, and one of Thailand's leading business organizations, and Cummins Inc., a global power leader, today announced the signing of an agreement setting up a Joint Venture operation in Thailand, Cummins Diethelm Ltd.


Bringing together Diethelm's more than one hundred years of successful operations in South East Asia, and its extensive distribution and service network and market knowledge in the region, with Cummins' industry leading power generation products and systems, this Joint Venture will serve customers in Thailand and throughout the Greater Mekong Sub-region.


"For over 40 years Diethelm has very successfully represented Cummins here in Thailand, and with this venture we are taking that relationship to the next level, a level which will benefit Cummins, Diethelm, and, most importantly, our customers in the region”, said Walter Brenneis, President of Diethelm Limited.


"Bringing together the two big players Cummins and DKSH in a partnership of this nature which will result in an even closer cooperation is for us a strong model on extending our relationships across the region, one of the most dynamic, exciting and fast growing markets in the world today”, said Dr. Joerg Wolle, President & CEO, DKSH Holding Ltd.


"I have great hopes for the Cummins Diethelm Joint Venture.” said Rich Freeland, President, Distribution Business for Cummins Inc. "The markets of South East Asia are developing faster than any on the globe. This Joint Venture provides a platform to expand our presence in this promising part of the world. It will give us access to key markets and it will provide local economies with the equipment they will need to sustain their growth. Our Joint Venture combines the established market and distribution knowledge and the comprehensive after-sales network of Diethelm with the quality products of Cummins, and it is forming at the right time.”


Cummins, said Freeland, has always striven to offer top-quality products and services to its customers. "We see great possibilities for most lines of Cummins products, including engines, generator sets, parts and service.”


Cummins Diethelm Ltd will be based in Bangkok.


About Diethelm Limited


Diethelm Limited is the Thailand operation of the DKSH Group ,the No.1 Services Group in and for Asia, focusing on sourcing, marketing, distribution and logistics. With worldwide 21,000 specialized staff in 35 countries, DKSH generates annual gross revenues of more than THB 220 billion. The Group operates four distinct and separate Business Units: Consumer Goods, Healthcare, Specialty Raw Materials and Technology.


With annual sales of THB 88 billion, Diethelm Limited is among the largest companies in Thailand nowadays, serving its business partners through a comprehensive network of 72 branches in the Kingdom. It is an employer of choice for 10,000 Thai specialists. Press releases can be found on the Web at www.dksh.com.


About Cummins


Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of USD 550 million on sales of USD 9.9 billion in 2005. Press releases can be found on the Web at www.cummins.com.


Information provided and statements on the webcast and in this release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.

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