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The hottest investment of US $800million Yuchai Ea

2022-10-15

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Investment of US $800million Yuchai Eastern base will be settled in Changzhou

investment of US $800million Yuchai Eastern base will be settled in Changzhou

China Construction machinery information

Guide: Yuchai group, diesel engine production and sales, Changzhou governor Luo Zhijun, on behalf of the provincial Party committee and the provincial government, welcomed the arrival of high-level Yuchai group, and fully affirmed Changzhou Wujin's acceleration of transformation and upgrading and the realization of centralized development in recent years. From last year's Guangbao, to this year's PetroChina Jiangsu Yangtze River project, to Taiwan Crystal

Yuchai group, diesel engine production and sales, Changzhou governor Luo Zhijun, on behalf of the provincial Party committee and the provincial government, welcomed the arrival of the top management of Yuchai group, and fully affirmed Changzhou Wujin's acceleration of transformation and upgrading and the realization of centralized development in recent years. From last year's Guangbao to this year's PetroChina Jiangsu Yangtze River project, to Taiwan's Jingyuan optoelectronics, and then to the eastern base of Yuchai, in Changzhou, this hot land, heavyweight projects are coming one after another

in the sprint stage at the end of the year, a series of large projects have settled in our city. Following the successful signing of Taiwan's Jingyuan optoelectronic project with a total investment of US $600million, Yuchai group, a domestic top 500 enterprise, also made it clear that it would establish an Eastern base in Wujin high tech Zone. This phenomenon has attracted the great attention of the provincial Party committee and the provincial government. On the evening of December 3, governor Luo Zhijun met with Yanping, chairman of the board of directors of Yuchai group, and his delegation at the provincial government. Municipal leaders fan Yanqing, Wang Weicheng and Shen Ruiqing were present at the meeting

Founded in 1951, Yuchai group now has 31 wholly-owned, holding and joint-stock subsidiaries, with total assets of 13 billion yuan and net assets of 3.87 billion yuan. It is the largest independent diesel engine production base in the world and the largest small and medium-sized construction machinery production and export base in China. Since 2000, Yuchai has maintained an average annual growth rate of more than 30%, with a year-on-year increase of 14.6%; The net profit attributable to the parent company was 2.23 billion yuan, and the production and sales of diesel engines ranked first in the country, creating a "Yuchai phenomenon". At present, the company ranks 257 in the top 500 Chinese enterprises, 22 in the top 500 Chinese machinery, and 112 in the top 500 Chinese brands, with a brand value of 6.35 billion yuan

On behalf of the provincial Party committee and the provincial government, governor Luo Zhijun welcomed the arrival of the top management of Yuchai group, and fully affirmed the accelerated transformation and upgrading of Changzhou Wujin in recent years and the realization of centralized development. Luo Zhijun pointed out that Yuchai group has a great reputation in the industry. The capital operation of the enterprise and the technical Yulian group have made a major strategic decision to determine the future destiny of the enterprise. They have begun to start the transformation and upgrading of the enterprise. The technical level and market coverage are leading in China, while Changzhou's advanced equipment manufacturing industry has a good foundation, especially in the field of construction machinery, it has a number of well-known enterprises such as Hyundai, Komatsu, and Changlin due to the existence of intermediate links, It has a certain agglomeration effect. In addition, Changzhou's industrial supporting facilities, human resources, transportation and other aspects are also well configured. Yuchai group chose to invest in the construction of a new base in Wujin, Changzhou, which can not only further expand market share, but also enhance the advanced manufacturing level of Jiangsu. The provincial government will fully support the settlement and development of Yuchai project in Changzhou

Yanping, chairman of the board of directors of Yuchai group, said that Yuchai group is comprehensively carrying out domestic and international joint ventures and cooperation, introducing and applying high-tech on a large scale, focusing on the development of diesel engines, engineering machinery, auto parts, automotive chemicals, special vehicles, logistics and other related industrial products, and accelerating the construction of a large multinational enterprise group. Changzhou has a good investment environment, and the platform construction of Wujin high tech Zone is also satisfactory. We believe that the cooperation between the two sides can achieve a win-win situation

it is reported that in order to further reduce the costs of supporting facilities and logistics, and improve the competitiveness of products and enterprises, Yuchai group will invest US $800million in Wujin high tech Zone to build the eastern base of Yuchai, which is mainly engaged in excavators, rotary drilling rigs, supporting parts and other production to clarify the pilot objects and scope of production projects, It has also established a joint venture with caterpillar, the world's largest manufacturer of construction machinery and construction machinery, to build a remanufacture project of construction machinery and a high-grade lubricating oil project