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CMI - Cummins Inc News Story

$224 0.6  0.3%

Last Trade - 24/01/22

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £23.57bn
Enterprise Value £24.93bn
Revenue £17.71bn
Position in Universe 409th / 7405

BUZZ-3M shares rise on Cummins deal to boost output of air purifying respirators

Tue 14th April, 2020 5:28pm
** Shares of industrial conglomerate  MMM.N  rise 2.5% to
$150 as 3M partners with engine maker Cummins  CMI.N  to boost
production of filters for its respirators
    ** 3M says additional filters are needed as it has ramped up
respirator production to meet a surge in demand due to the
COVID-19 outbreak 
    ** Shares of U.S. engine maker up ~1% at $147.46, as Cummins
says partnership may more than double current production of
filters  urn:newsml:reuters.com:*:nBw2BlCYPa
    ** Production of 3M designed filters at Cummins' Neillsville
facility expected to begin by April end
    ** 3M expects to produce N95 respirators at a rate of 50
million per month in June in the U.S, a 40% increase from
current levels  urn:newsml:reuters.com:*:nBw4Bs3kCa
    ** 3M shares have fallen 15.1% this year

 (Reporting by Sanjana Shivdas in Bengaluru)
 ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
@SanjanaShivdas;))
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