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China Yuchai International Ltd's Guangxi Yuchai Machinery Company Limited Enters Into Joint Venture To Expand Heavy-Duty Diesel And Gas Engine Production In China


Tuesday, 4 Jun 2013 06:45am EDT 

China Yuchai International Ltd announced that operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) and GYMCL's joint venture company,Y&C Engine Co., Ltd. (Y&C Power), has entered into a Framework Agreement with Baotou Bei Ben Heavy Duty Truck Co., Ltd. (Bei Ben), and Inner Mongolia First Machinery Group Co., Ltd. (Yiji Group), to form a new joint venture company (JV Company), to be located in Baotou, Inner Mongolia. The JV Company will have a registered capital of RMB600 million. The new JV Company will focus on the production of GYMCL's diesel and gas engine models YC6A, YC6L, YC6MK and Y&C Power's advanced diesel and gas engine model YC6K to meet the needs of Bei Ben's heavy-duty and medium-duty trucks and buses. GYMCL's service network and the repair and maintenance centres of Bei Ben will provide after-sales service for all engines sold by the JV Company. GYMCL and Y&C Power will together hold 50% of the JV Company with Bei Ben and the Yiji Group holding the other 50%. 

Company Quote

19.4
0.41 +2.16%
24 Dec 2014