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Top 500 Chinese Enterprises - Yuchai Group will establish an eastern base in Wujin High-tech Zone, Changzhou, Jiangsu Province. On the evening of December 3, Governor of Jiangsu Province Luo Zhijun met with Yu Ping, Chairman of Yuchai Group's Board of Directors, in the provincial government. Yuchai Group disclosed this development plan.
Founded in 1951, Yuchai Group now has 31 wholly-owned, controlled, and share-holding subsidiaries with total assets of 13 billion yuan, net assets of 3.874 billion yuan and sales revenue of 20.988 billion yuan. It is the world's largest independent diesel engine production base, China The largest production base for the export of small and medium-sized construction machinery is hailed as "the capital of China's green power." The company is ranked 257th in the list of China's Top 500 Enterprises, 22nd in China's Top 500 Machinery Companies and 112th in China Top 500 Brands, with a brand value of 6.358 billion yuan.
The Group's core businesses include six major segments including diesel engines, construction machinery, auto parts, automotive chemicals, logistics and electromechanical, and special-purpose vehicles. It has an annual sales capacity of 600,000 diesel engines and 10,000 small and medium-sized construction machinery. High-grade diesel engine is half of the country, ranking among the top three in China's road transport enterprises.
The company's main products include 13 major series of light, medium and heavy duty multi-cylinder diesel engines such as automotive, marine, construction machinery, agricultural machinery, and diesel power generation equipment. The products are characterized by high horsepower, high torque, high reliability, low fuel consumption, and low emissions. , low noise, strong adaptability, and perfect and convenient services have become the first choice for domestic major automotive, construction machinery, agricultural machinery and other supporting power. Since 2000, Yuchai has achieved a large-scale high-growth rate of more than 30% per year. Its diesel engine production and sales continue to rank first among its counterparts in the country, creating a unique “ Yuchai phenomenon†in the industry.
Yu Ping, chairman of the board of directors of Yuchai Group , said that in order to further reduce supporting and logistics costs and improve the competitiveness of products and enterprises, Yuchai will invest US$800 million in the construction of the Yuchai East Base in Wujin Hi-tech Zone, mainly engaged in excavators and rotary drilling rigs. , and other components and other production projects, and the world's largest construction machinery and construction machinery manufacturers - Caterpillar joint venture construction machinery remanufacturing projects and senior lubricants projects. Junping hopes to accelerate the pace of cooperation in Wujin Hi-tech Zone and wait for the product to report back to the provincial government.
Luo Zhijun, Governor of Jiangsu Province, spoke highly of Changzhou Wujin's industrial agglomeration and industrial transformation and upgrading. He said that Jiangsu is a gathering place for foreign capital and Taiwanese capital. He welcomed cooperation between Yuchai and Changzhou. Yuchai’s capital operation, technical level, and market coverage Leading in China, Changzhou’s advanced equipment manufacturing base is relatively good. In particular, the engineering machinery industry already has a number of well-known enterprises such as Hyundai, Komatsu, and Changlin, which have certain agglomeration effects, and the configuration of human resources in Changzhou and other aspects. All are better. The provincial government will fully support the Yuchai project's settlement and development in Changzhou.
The leaders of Changzhou City and Wujin District, Fan Yanqing, Wang Weicheng, Shen Ruiqing, Xu Weinan, and Ling Guangyao were present at the meeting.