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| Cummins Forming New Distribution Joint Venture in Middle East3/29/2016 6:07:47 PM | | Cummins (NYSE:CMI), a diesel engine manufacturer, said Tuesday it is forming a new joint venture in the Middle East with Saudi conglomerate The Olayan Group. The new 50:50 joint venture, which will be named Cummins Arabia, will consolidate the distribution of Cummins products in the United Arab Emirates, Saudi Arabia and Kuwait. It will be headquartered in Saudi Arabia. Shares were marginally low... |
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