SINGAPORE, Feb. 17, 2017 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the
"Company"), a leading manufacturer and distributor of engines for
on- and off-road applications in China through its main operating subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today
the entry into of a strategic partnership agreement ("Strategic
Agreement") with Zoomlion Heavy Industry Science & Technology
Co., Ltd ("Zoomlion"), a leading manufacturer of high-tech
equipment for the engineering and agricultural industries.
In addition to Zoomlion, the Wuhu government and Y&C Engine
Co., Ltd, a joint venture entity of GYMCL based in Wuhu,
Anhui Province, are also
signatories to the Strategic Agreement. As the leader in powertrain
systems for on- and off-road applications, GYMCL together with
Y&C Engine will develop and produce six-cylinder medium- and
heavy-duty engines for Zoomlion's agricultural equipment. The
production line is divided into three phases for a gradual build up
of its capacity.
Mr. Weng Ming Hoh, President of China Yuchai, commented,
"Our partnership will provide another growth avenue to gain further
market share and solidify our leadership in the agricultural
machinery business. We are developing and producing engines
designed specifically for use in Zoomlion's agricultural equipment
to provide users with higher power and improved performance to
enhance their capabilities."
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the
manufacture, assembly, and sale of a wide variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also
produces diesel power generators. The engines produced by GYMCL
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service centers, the
Company distributes its engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has
established a reputable brand name, strong research and development
team and significant market share in China with high-quality products and reliable
after-sales support. In 2015, GYMCL sold 364,567 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
For more information, please contact:
Investor
Relations
Kevin Theiss
Tel: +646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited