China Yuchai Restructures Marine and Power Genset Subsidiaries
China Yuchai International Limited (NYSE:
CYD), a leading manufacturer and distributor of engines for on- and off-road
applications in China through its main operating subsidiary, Guangxi Yuchai
Machinery Company Limited ("GYMCL"), announced today that GYMCL's
wholly owned subsidiary, Guangxi Yuchai Deyou Engine Systems Co., Ltd., and its
50% owned subsidiary, MTU Yuchai Power Company Limited, have been transferred
to GYMCL's wholly owned Guangxi Yuchai Marine and Genset Power Co., Ltd.
subsidiary.
Guangxi Yuchai Deyou Engine Systems Co.,
Ltd., specializes in sales and marketing marine and power generation
units. MTU Yuchai Power Company Limited,
a 50-50 joint venture between GYMCL and Rolls-Royce Solutions GmbH (formerly
known as MTU Friedrichshafen GmbH), mainly produces the high-end, high-speed,
high-power MTU Series 4000 engines which are power generators with marine
applications.
This restructuring consolidates GYMCL's
marine and power genset operations into a larger operating unit with a more
comprehensive product line and service portfolio.
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 variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger vehicles,
construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power
generators. The engines produced by
GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and
authorized customer service centers, GYMCL distributes its 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 2021, GYMCL sold
456,791 engines and is recognized as a leading manufacturer and distributor of
engines in China.
