SINGAPORE, October 12, 2012 /PRNewswire-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that the Nanning Public Transport Corporation has accepted the YC6G270 diesel engines supplied by the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL") for use in 100 of its new buses. These double-decker buses manufactured by Xiamen Golden Dragon Co., Ltd. were put into operation prior to the China-ASEAN Expo 2012 and the Nanning International Folk Song Arts Festival in September and October 2012 respectively.
In addition, GYMCL's Euro V-compliant YC6L240N natural gas engines have been used by the Hangzhou Public Transport Corporation in 33 new buses during China's National Day holidays in October in the Xihu district of Hangzhou, Zhejiang province. This is the first batch of Euro V-compliant natural gas engines being used in Hangzhou's public transport and in the entire Zhejiang province.
The YC6G270 diesel engine is a turbo-charged, 6-cylinder engine with a displacement of 7.8 liters and it is especially well suited for large buses. The YC6L240N natural gas engine is a 6-cylinder engine with a displacement of 8.4 liters which generates low emissions.
Benny Goh, President of China Yuchai, commented, "We are pleased that our engines continue to penetrate the growing bus market in China. We are maintaining our market leadership in the bus sector and our new natural gas and other low emission engines, will further solidify our position in this sector in the future."
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-sized 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 2011, GYMCL sold 510,777 diesel engines and is recognised as a leading manufacturer and distributor of diesel 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," "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 are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. 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, including those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. 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 / Dixon Chen
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
dixon.chen@grayling.com
