Guangxi Yuchai Machinery Establishes Large Casting Facility
Resource from: CBCC Likes:2907
Jul 21,2008
China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), the leading manufacturer and distributor of diesel engines in China, today announced that its subsidiary, Guangxi Yuchai Machinery Limited Company ("GYMCL"), has begun the first construction phase of the state-of-the-art Yuchai Casting Foundry ("YCF").
This casting facility is located in the Yuchai Industrial Park Potong
District with a total planned area of 1,800 acres and 6 casting production
lines to be constructed, with a total investment of RMB 960 million. YCF is
being established to manufacture high-quality and high-strength cylinder
heads and cylinder blocks for GYMCL's wide array of diesel engines from
light duty to heavy duty. Phase one of the YCF, upon completion, will
include 1,000 acres and 3 casting production lines. The first casting
production line is expected to be constructed and tested for trial
production by December 2009, with a total engine parts production capacity
for 160,000 mid-sized engines. The second and third lines will be completed
for trial production by the end of 2010 and 2012, respectively.
The new YCF facility will introduce advanced Chinese domestic equipment
combined with high-grade imported equipment for key procedures to achieve
high efficiency, high quality, low manufacturing cost, environmentally
friendly and stable production. These state-of-the-art, highly automated
production lines will help shorten the manufacturing process and improve
workers' productivity. More importantly, the YCF facility is designed to
conserve energy during production.
YCF phase one will provide local employment for over 1,000 employees
while upgrading GYMCL's product quality and lowering overall product cost.
Management expects that YCF phase one, upon completion, will produce enough
casting products to fuel annual growth of 15%-30% for the following few
years.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi
Yuchai Machinery Company Limited ("Yuchai"), engages in the manufacture,
assembly, and sale of a wide array of light-duty, medium-sized and
heavy-duty diesel engines for construction equipment, trucks, buses, and
cars in China. Yuchai also produces diesel power generators, which are
primarily used in the construction and mining industries. With over 30
regional sales offices and 460 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, Yuchai has established a reputable brand name, strong
research & development team and significant market share in China with
high-quality products and reliable after-sales support. In 2007, Yuchai
sold approximately 383,000 diesel engines and was consistently ranked No. 1
in unit sales by the China Association of Automobile Manufacturers. For
more information, please visit http://www.hlcorp.com.sg/cyi .
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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