SINGAPORE, Oct. 31, 2018 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the
"Company"), 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 it has launched 10 new off-road engines compliant with the
Tier 4 emission standards at the recent Yuchai Off-road Power Strategy Conference in
Wuhan, Hubei Province. This launch signifies that
Yuchai has completed its strategic deployment of its National VI
engines for the on-road and Tier-4 compliant engines for off-road
markets. Yuchai's product roll-out is on track with the Chinese
government's Action Plan for its Blue Sky Protection
Initiative.
The Chairman of the China Internal Combustion Engine Industry
Association, the General Secretary of the China Construction
Machinery Association, Deputy Secretary of the China Association of
Agricultural Machinery Manufacturers, senior officials of the
Ministry of Agriculture and Rural Affairs, as well as 118 leading
construction and agricultural equipment OEM producers and
agricultural equipment manufacturers such as Guangxi Liugong,
Shangdong Lingong, Zoomlion and Lovol Heavy Industry were in
attendance. 194 distributors also attended this event. Senior
executives from Yuchai and representatives from Lovol Heavy
Industry and Bosch Fuel System made key note speeches during the
press conference.
The 10 off-road engines Yuchai unveiled at the press conference
not only met the forthcoming national standard Tier 4 for the
off-road segment, but they also feature the best-in-class
powertrain systems and fuel efficiency with fully upgraded NVH
features. These engines are designed to meet the versatile demands
of customers in the agricultural machinery and industrial equipment
markets.
Co-developed with German, Austrian and British engine design
houses FEV, AVL and Ricardo, respectively, Yuchai's new off-road
engine portfolio include the A, F, K series: the YCA05-T40,
YCA07-T40 and YCA08-T40 models are medium- to heavy-duty engines;
the YCF36-T48 and YCF36-T40 models are light-duty engines; the
YCK09-T40, YCK11-T40, YCK13-T40, YCK15-T40 and YCTD20-T40 models
are heavy-duty engines. Ranging from 40-950 horsepower, these
engines are designed for various applications for construction
machinery such as loaders, excavators, forklifts, air compressor,
drillers and agricultural machinery such as tractors, wheat and
rice harvesters and more.
For loaders and excavators under 30 tons, forklifts below 5
tons, and tractors in the range of 40 to 70 horsepower, Yuchai also
introduced the YCR24, YCF27 and YCF30 model light-duty engines. For
the bigger models and mining equipment, the heavy-duty products
YCK09, YCK11, YCK13, YCK15 and YCTD20 were introduced.
These Yuchai Tier-4 products not
only meet the more stringent emission standard, but also promise
upgraded performances, increased warranty and enhanced durability,
with extended service interval. Horsepower and torque have
been increased from their Tier-3 predecessors, with
industry-leading low noise levels and high-combustion low- friction
technologies to reduce fuel consumption by approximately 3-5%. New
material and advance noise reduction technology will improve the
NVH and suitability of the engine. In addition, smart software
systems will enable problem alerts and remote diagnostics, and
after-treatment integration.
Weng Ming Hoh, President of China
Yuchai, commented," Our new advanced off-road engines are
applicable to all types of agricultural equipment and engineering
machinery to meet the diverse needs of different customers. We are
practicing the "green development and harmonious win" business
philosophy implemented by the Central Committee of the State
Council to achieve China's Blue
Sky initiatives.
"This new series of 10 off-road engines complement our 14 new
on-road engines that are compliant with the upcoming National VI
standards. With these two new series of engines, we present the
first comprehensive portfolio of advanced engines that meet the
next-generation on-road and off-road emission standards in
China," Mr. Hoh concluded.
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, the
Company 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 2017, GYMCL sold 367,097 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The words "believe", "expect", "anticipate", "project",
"targets", "optimistic", "confident that", "continue to",
"predict", "intend", "aim", "will" or similar expressions are
intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that may be
deemed forward-looking statements. These forward-looking statements
including, but not limited to, statements concerning the Company's
operations, financial performance and condition are based on
current expectations, beliefs and assumptions which are subject to
change at any time. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors
such as government and stock exchange regulations, competition,
political, economic and social conditions around the world and in
China including those discussed in
the Company's Form 20-Fs under the headings "Risk Factors",
"Results of Operations" and "Business Overview" and other reports
filed with the Securities and Exchange Commission from time to
time. All forward looking statements are applicable only as of the
date it is made and the Company specifically disclaims any
obligation to maintain or update the forward-looking information,
whether of the nature contained in this release or otherwise, in
the future.
For more information, please contact:
Kevin Theiss
Tel: +1-212-521-4050
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited