Cummins Inc expects significant sales and profit growth in 2011 and beyond as it takes advantage of a number of long-term global economic trends and the recovery of key US markets. "The company expects 2011 sales to grow by nearly 30 per cent from $13.2 billion in 2010 to $17 billion and Earnings Before Interest and Taxes (EBIT) to be 14 per cent of sales this year ? both company records," said Tim Solso, Chairman and Chief Executive Officer, Cummins. The company also will significantly increase its investment in the business this year, expecting to spend as much as $650 million on capital projects to increase capacity and invest in new technologies and products for the future. In addition, the company expects its joint ventures to make $300 million in capital investments to expand their businesses. "The actions we have taken over the past two years have kept Cummins strong during the recession and have set the stage for a period of sustained profitable growth," Solso said. He added, "We have more growth opportunities ahead of us today than at any time in our history. Our challenge is to pursue those opportunities with the same discipline we displayed during the recent global recession. I am confident that we have the people and strategies in place to lead us to accelerated growth over the next several years." Solso also recapped the company's successful year in 2010, which included strong growth across all of the company's business segments and in large international markets such as China, India and Brazil. Cummins' record profitability in 2010 came despite weak commercial truck markets in the US, which are expected to recover significantly in 2011 and grow further in 2012 and 2013.