SINGAPORE, Jan. 9, 2015 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the "Company")
announced today that the Company's main subsidiary, Guangxi Yuchai
Machinery Company Limited ("GYMCL"), has won a competitive tender
for the supply of a total of 635 units of National V natural gas
and National VI diesel engines from Beijing Bafangda Express Bus
Services Co., Ltd. ("Bafangda"), a subsidiary of the Beijing Public
Transportation Group.
The contract is for 587 units of National V natural gas engines
and 48 units of National VI diesel engines. The breakdown of
natural gas engines is 237 units of engine model YC6L260N-50, 108
units of model YC6MK320N-50 and 242 units of model YC6K1336N-50.
This contract represents the first purchase of YC6K13N engines in
the Chinese bus market.
GYMCL is the largest natural gas engine supplier to Bafangda in
tenders called in 2012 and 2014 supplying a total of 1,700 engines
representing 35% of the total amount required under the 2 tenders.
This is GYMCL's second award through a competitive bidding process
by the Beijing Public Transportation Group for National V natural
gas engines since 2012, and the first award for the purchase of
National VI diesel engines. The first large-scale applications of
GYMCL's National III, IV and V natural gas and National VI products
all began with open tender purchases by the Beijing Public
Transportation Group, representing the municipal bus service in
Beijing.
Mr. Weng Ming Hoh, President of
China Yuchai, commented, "By winning this competitive bid, we
further demonstrate the breadth, high performance and advanced
emission technology of our engines. We are the only domestic engine
company to be awarded a contract to supply the environmentally
friendly National VI diesel engine in China."
"Our advanced engines continue to be purchased in the most
important public transportation market in China, the Beijing public transit market. As a leader in
Chinese emission control technology, our engines have attained
global emission standards. Superior emission technologies are an
important purchasing consideration as China's many municipalities seek to reduce
pollution and improve air quality." Mr. Hoh concluded.
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 diesel 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 2013, GYMCL sold 500,756 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The words "believe", "expect", "anticipate", "project",
"target", "optimistic", "intend", "aim", "will" or similar
expressions are intended to identify forward-looking statements.
All statements other than statements of historical fact are
statements that may be deemed forward-looking statements. These
forward-looking statements are based on current expectations or
beliefs, including, but not limited to, statements concerning the
Company's operations, financial performance and condition. The
Company cautions that these statements by their nature involve
risks and uncertainties, and actual results may differ materially
depending on a variety of important factors, including those
discussed in the Company's reports filed with the Securities and
Exchange Commission from time to time. The Company specifically
disclaims any obligation to maintain or update the forward-looking
information, whether of the nature contained in this release or
otherwise, in the future.
For more information, please contact:
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: cyd@grayling.com
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SOURCE China Yuchai International Limited