SINGAPORE, Dec. 11, 2013 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that the first vehicles using heavy-duty diesel engines produced by the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), have been delivered to Zibo Yaoxin Logistics Co., Ltd (ZYL).
The Shandong office of GYMCL together with Dongfeng Liuzhou Motor Co., Ltd., recently participated in a ceremony in Zichuan District, Zibo in Shandong Province, marking the delivery of 10 heavy-duty trucks powered by GYMCL's YC6MK engines to ZYL. With over 100 vehicles in its fleet, ZYL mainly transports ceramics and chemical materials between the ports of Zibo and Weifang in Shandong Province. ZYL previously used vehicles powered by engines from other manufacturers but has now decided to switch to GYMCL's engines.
The YC6MK 6-cylinder engine is an upgraded model from the existing 6M engine using newly developed 6K technology. This new generation, patented four-valve, supercharged, heavy-duty engine is compliant with National 4 emission standards. The YC6MK's four-valve technology with its unique combustion system provides increased power while reducing fuel consumption.Weng Ming Hoh, president of China Yuchai, commented, "We welcome ZYL as a new customer and we are pleased that our advanced, heavy-duty diesel engine has been exclusively preferred over other engine manufacturers. The selection of our YC6MK engine is an endorsement of its enhanced power, higher reliability, environmental friendliness and lower fuel consumption. We believe this initial order signals a good opportunity for us to expand further in this region." 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 array of light-duty, medium-duty and heavy-duty diesel engines for construction equipment, trucks, buses and cars in China. GYMCL also produces diesel power generators, which are primarily used in the construction and mining industries. 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 2012, GYMCL sold 431,350 diesel engines and is recognized as a leading manufacturer and distributor of diesel engines in China. For more information, please visit http://www.cyilimited.com For more information, please contact:
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV