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Caterpillar Embarks On Engine Remanufacturing In China

By Bob Tita Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- Caterpillar Inc. (CAT) and a Chinese engine company will embark on a joint venture for engine remanufacturing, as Caterpillar attempts to replicate the success of its U.S. rebuilding business in China. Caterpillar, the world's largest producer of construction machinery by sales, said Monday it will establish a new company with Guangxi Yuchai Machinery Co. that will rebuild Yuchai and Caterpillar's diesel engines and components in China. Yuchai, a subsidiary of China Yuchai International Ltd. (CYD), is China's largest producer of internal combustion engines, Caterpillar said. "We look forward to developing the new company using our remanufacturing expertise to provide sustainable, cost-effective solutions for customers and ultimately growing this new market," said Steve Fisher, vice president in charge of Caterpillar's remanufacturing operations, in a written statement. Fisher has aggressively expanded Caterpillar's presence in engine rebuilding in recent years. Remanufacturing had largely been left to independent rebuilders and service shops. By leveraging its manufacturing technology for new diesel engines, Caterpillar has been able to capture additional revenue from doing high-quality restorations of older, worn-out engines. Caterpillar is counting on remanufactured engines and parts becoming popular with price-driven buyers in China's machinery market. Shares of Caterpillar were recently up 0.8% at $57.97. -By Bob Tita, Dow Jones Newswires; 312-750-4129; robert.tita@dowjones.com

Stock News for China Yuchai (CYD)
DateTimeHeadline
08/11/201506:10:31Report of Foreign Issuer (6-k)
08/11/201506:07:03Report of Foreign Issuer (6-k)
08/11/201506:00:00China Yuchai International Announces Higher Profits in Second...
08/11/201505:50:00China Yuchai International Appoints New Director
07/28/201506:05:57Report of Foreign Issuer (6-k)
07/28/201506:00:00China Yuchai International To Announce Unaudited Second Quarter...
07/16/201506:11:18Amended Statement of Beneficial Ownership (sc 13d/a)
07/09/201506:05:51Report of Foreign Issuer (6-k)
07/09/201506:01:00China Yuchai International Announces Results of Dividend Elections
07/06/201506:05:00China Yuchai Wins One of The Largest Chinese Bus Engine Export...
06/11/201506:07:37Report of Foreign Issuer (6-k)
06/11/201506:05:00China Yuchai Wins Order to Supply Over 600 Bus Engines To Shenzhen...
06/11/201506:00:00Results of Annual General Meeting Held on June 11, 2015
05/29/201506:19:50Specialized Disclosure Report (sd)
05/22/201507:23:00China Yuchai International to Pay Dividend for FY 2014 in Cash...
05/13/201506:10:32Report of Foreign Issuer (6-k)
05/13/201506:01:00Notice of Annual General Meeting
05/07/201506:26:59Report of Foreign Issuer (6-k)
05/07/201505:06:00China Yuchai International Announces Unaudited First Quarter...
04/29/201506:09:30Report of Foreign Issuer (6-k)

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