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Under the auspices of deputy party secretary of Yangzhou City, Yang Wenjie, Cai Yi and Zhang Shiyong signed the "Framework Agreement for Acquisition of Sichuan Bangli Heavy Machinery Co., Ltd. and Guangxi Yuchai Heavy Industry Co., Ltd." on behalf of both companies; Liu Guoqiang, on behalf of the People's Government of Yuzhou City, and Yuchai The Group signed the "Framework Agreement on Investment Cooperation between the People's Government of Ganzhou City and Guangxi Yuchai Heavy Industry Co., Ltd.".
In a warm atmosphere, Fuping represented Yuchai Heavy Industry with four kapok trees donated to Ganzhou City, symbolizing the friendly cooperation between the two parties. At this point, Guangxi Yuchai Heavy Industry West Base project has successfully settled in Zhangzhou.
It is understood that the project has a total investment of 2 billion yuan, and is mainly engaged in the production and sales of large and medium-sized excavators and grasping steel grabs. The first phase of the project is planned to start in October 2010. After the project is completed, it will form an annual output of 5,000 large and medium-sized excavators. By 2015, it will achieve annual sales of more than 4 billion yuan.
News background:
Yuchai Group is one of the top 500 companies in the country and one of the top 100 Chinese machinery companies. It is the world’s largest independent diesel engine manufacturer and the largest exporter of medium and small construction machinery in China. The Group's total assets of 16.5 billion yuan, the core business including diesel engines, construction machinery, Auto Parts, automotive chemicals, logistics and electrical and special vehicles and other six major plates. In recent years, Yuchai Group has created a “Yuchai phenomenon†that is unique in the industry with large-scale and high-growth rates of more than 30% per year. It has maintained high-speed growth for nine consecutive years, and diesel engine production and sales continue to be ranked first in the industry; 15 tons. The following excavator's total sales ranked second in the country, with the export volume of excavators below 15 tons being the first. In 2009, the Group’s sales revenue was 27.19 billion yuan. By 2015, Yuchai Group’s sales revenue target is 80 billion yuan. Yuchai Heavy Industry is a Sino-foreign joint venture company controlled by Yuchai Group. It is a well-known domestic brand of excavators for construction machinery in China and is the largest export base of small hydraulic excavation machinery products in China. In 2009, the sales revenue of Yuchai Heavy Industry amounted to RMB 1.555 billion. The company plans to achieve a sales target of RMB 10 billion in 2015 and become a world-famous brand of construction machinery.
Bangli Heavy Machinery is one of the key enterprises in the "1+8" project of Sichuan Province. It has a 45-year history of specialized manufacturing of excavators and scrappers. It is currently the only company capable of developing and producing a full range of 40 to 220 tons of hydraulic large-scale excavators. Grab the manufacturer of steel scrapers. Bangli Heavy Machinery's "Development of Large Hydraulic Excavators" project was listed in the National High Technology Research and Development 863 Program in 2005. The excavators and other construction machinery products produced have the characteristics of high technological content, high cost performance, and enjoy a high reputation in China.