- China Yuchai International Limited (NYSE:CYD -1.9%) through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited entered into a strategic partnership agreement with Zoomlion Heavy Industry Science & Technology Co. to develop and produce six-cylinder medium- and heavy-duty engines for Zoomlion's agricultural equipment.
- Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our partnership will provide another growth avenue to gain further market share and solidify our leadership in the agricultural machinery business. We are developing and producing engines designed specifically for use in Zoomlion's agricultural equipment to provide users with higher power and improved performance to enhance their capabilities."
- Press Release