SINGAPORE, August 19, 2013 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that the Dalian Public Transport Group ("DPTG") Tourism Branch is using engines manufactured by its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL), in 80% of its fleet of approximately 80 buses. GYMCL's engines have now become DPTG's preferred engine for use.
In 2008, DPTG started using GYMCL's engines in several of its buses and found that these buses outperformed other buses in their fleet running on other engines. DPTG attributed the difference to the reliability, fuel economy and adaptability of GYMCL's engines. GYMCL's excellent after-market service and ready availability of parts also played a part in DPTG's decision to switch to GYMCL's engines.
DPTG's buses are in continuous operation to provide reliable mass transportation in Dalian, Liaoning Province in North-East China. DPTG's buses range from 10 - 12 meters and typically travel routes from between 300 - 3,000 kilometers. DPTG specially highlighted GYMCL's YC6M and the YC6MK engines for its superior power and fuel efficiency especially when used in mountainous terrain. The YC6M engine is a 10-liter, 6-cylinder in-line engine and the YC6MK is an upgraded YC6M model using newly developed 6K technology. The YC6MK engine has a 10.34-liter capacity and its main applications are in the heavy-duty truck, coach and bus market as well as in heavy construction machinery.
Weng Ming Hoh, President of China Yuchai, commented, "We are pleased that our heavy-duty engines continue to dominate the Chinese bus market. The YC6MK has become our new flagship engine targeting the heavy-duty truck, coach and over 12 meter bus markets. We are actively working with our original equipment manufacturers to increase visibility and acceptance of our YC6MK engines so as to further expand our market share in this important segment."
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-duty 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 2012, GYMCL sold 431,350 diesel engines and is recognized 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
