) has announced the launch of three new innovations at MINExpo. The
new innovations are dual-fuel engines, the next-generation QSK50
engine and increase of high-horsepower engine remanufacturing
capacity. These new technologies will facilitate clean, powerful
and reliable engines and related technology for the mining
The company will be developing dual-fuel engines for mine-haul
trucks. This technology will be a substitute for diesel fuel in the
combustion process for natural gas. The first engine equipped with
dual fuel technology is the QSK60 engine. The engine will be
available in standard and high-altitude configurations, which will
support further fuel cost reduction.
The dual fuel technology provides customers flexibility to
operate with 100% diesel fuel or opting for dual fuel mode,
depending on the amount of natural gas available in the site.
QSK Series engines conform to the U.S. Environmental Protection
Agency (EPA) Tier 4 Final emissions standards.
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Cummins will also be enhancing the high-horsepower engine
remanufacturing capacity by 100%. Concurrently, production is
expected to increase to 7,000 units per year by 2016, to cater to
the rising demand for mining equipments. The rebuilt process of the
company ensures that the equipment operator receives rebuilt engine
which are reliable with better performance.
The rebuild facilities are strategically located keeping an eye on
places with higher number of the company's powered haul trucks,
loaders, excavators, drill rigs and other mining equipment. The
company plans to further expand engine rebuild facilities to new
locations and upgrade some of the existing facilities.
Cummins will be launching the QSK50 engine with EPA Tier 4 final
ultra-low emissions standards. The 16-cylinder, 50-liter engine is
powered by fully-integrated Cummins Selective Catalytic Reduction
(SCR) aftertreatment system. The SCR system along with
clean-combustion enhancements in the QSK50 engine will help to
reduce operating costs by 5%.
The QSK50 provides customers durability, better engine standard,
and lower fuel consumption, thus providing an extended life before
any repair for the Tier 4 Final QSK50 engine compared to the
best-in-class Tier 2 engine.
Cummins Inc. is a leading worldwide designer, manufacturer and
distributor of diesel and natural gas engines, electric power
generation systems, and engine-related components, fuel systems,
controls and air handling Systems.
The company faces stiff competition from
Navistar International Corporation
). Currently, the stock retains a Zacks #2 Rank, which translates
into a short-term Buy rating.