Yuchai and German MTU Finalize JV In China
Date:2017-03-30 Source:dieselgasturbine
www.chinatrucks.com: China Yuchai International Ltd. Said its previously announced joint venture agreement by its main operating subsidiary, Guangxi Yuchai Machinery Co. Ltd. (GYMCL), with MTU Friedrichshafen GmbH, a subsidiary of Rolls-Royce Power Systems, has been established.
The name of the 50/50 joint-venture is MTU Yuchai Power Co. Ltd. (MTU Yuchai Power) and will produce, under license from MTU, the latter’s diesel engines in China.
Yan Ping, chairman of GYMCL, and Andreas Schell, president of Rolls-Royce Power Systems, a member of the Rolls-Royce Group, were in Yulin City in Guangxi Province, to unveil the company logo and celebrate the establishment of the joint-venture. Both companies said it is a milestone development that will enable them to anchor their position in new markets and improve their competitiveness in the global economy.
The joint venture is based at GYMCL’s primary manufacturing facilities in Yulin, which will produce MTU’s Series 4000 engines compliant with China’s Tier 3 emission standards, primarily for the oil and gas and power generation industries. The general manager of the joint-venture will be Sebastien Jin, who previously headed Business Development in China at MTU.
“GYMCL with its strong technological background, sales network, and production potential is seen by Rolls-Royce Power Systems as the ideal partner for its MTU brand,” Schell said. “We believe that MTU Yuchai Power is embarking on a long-lasting partnership of great potential. By joining forces, both partners have everything it takes to be successful in the Chinese market.”
Weng Ming Hoh, president of China Yuchai, said, “Our leading market position, broad customer base, superior technologies and renowned brand name in China combined with the capabilities of the advanced MTU series 4000 engines create significant synergies which will reap benefits for all parties. We look forward to deepening our relationship with MTU in the future.”
Views:0
Related China Trucks News
- Yuchai's Engine Sales in North-west Africa Jumped 74.5% YOY in Jan. to Aug. 2022-09-21
- Yuchai Exports Went Up 49% YOY in First Eight Month of 2022 2022-09-13
- Yuchai Ignites China’s Largest and Most Powerful Hydrogen-fueled Engine 2022-07-14
- Yuchai Launches Its Internal Combustion Engine Fueled with Hydrogen 2021-12-24
- LIUGONG Mining Trucks Powered by Yuchai Engines to Be Exported to South America 2021-10-11
- Yuchai’s Exports to ASEAN Countries Saw a Growth of 70% in YTD Sales 2021-09-15
- Yuchai Engines Continue to Strengthen its Presence in Vietnam 2019-12-02
- Yuchai Exported 13L Heavy-duty Engines to Vietnam 2019-12-01
- Yuchai Subsidiary Establishes New Business Enterprise in Vietnam 2019-11-22
- Yuchai National VI Engines Achieve Its Annual Sales Target 2019-11-13
China Trucks Advisor
Submit Your Requirements, We Are Always At Your Service.
Hot News
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.