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Yuchai Outshines on China-ASEAN Expo and Becomes an “Ambassador” for Manufacturing Industry of Guangxi (2015-9-25 23:09:40)
 

From September 18 to 21, the 12th China-ASEAN Expo and China-ASEAN Business & Investment Summit (hereinafter referred to as “CAEXPO”) were grandly held in Nanning. Yuchai Group, as one of the representative enterprises of local manufacturing industry in Guangxi Autonomous Region, has consecutively participated in the exhibition for 12 years. Through exhibition promotion and years of market development, Yuchai has made outstanding achievement in overseas market development. Its overseas sales volume this year has increased by 117.0%, which has attracted extensive attention. Su Haitang, Mayor of Yulin City and Liu Shibin and Wang Xiayan, Deputy Mayors of Yulin City visited the exhibition hall of Yuchai Group and learned about its exhibition participation and overseas market development.

 

This session of CAEXPO highlighted the theme of “jointly building 21st-Century Maritime Silk Road and jointly creating a beautiful blueprint for maritime cooperation”. Enterprises under Yuchai Group such as Guangxi Yuchai Machinery Co., Ltd., Guangxi Yuchai Heavy Industry Co., Ltd. and Guangxi Yuchai Machinery Monopoly Development Co., Ltd. participated in CAEXPO with their main products. On in CAEXPO, Yuchai exhibition hall took “green” as its theme, displaying a variety of green engines including marine electric engines, general engines, and special engines for passenger car and trucks.  Guangxi Yuchai Machine Franchise Development Co., Ltd. and Guangxi Yuchai Heavy Industry Co., Ltd. also released a variety of main products.

Chen Hanxiong (the second from left), President of Hong Kong Auto Parts Industry Association visits Yuchai exhibition hall.

Yuchai exhibition hall and its products have received wide attention from overseas and Chinese guests and businesspersons.

It is reported that Yuchai Group enjoys a larger export volume to ASEAN market than that of last year thanks to the geographic advantages of CAEXPO and favorable policies offered by China’s building Maritime Silk Road. Its overall sales volume to overseas markets is expected to top 40,000 sets for this year. Among the overseas markets, ASEAN markets such as Vietnam and Thailand are growing rapidly this year. Yuchai Group’s export to Vietnam has increased by 42% and its export to Thailand is as high as 327% on a year-on-year basis. Meanwhile, Saudi Arabia area, an important pitch point of “One Belt and One Road” strategy, is an important market of Yuchai Group in Middle East. The passenger car engines manufactured by Yuchai Group have received wide accepted by local customer. In the first half of this year, the market share of Yuchai Group in Saudi Arabian market is expected to increase by 10% on the basis of that of 2014.

The performance of Yuchai Group in ASEAN markets and other overseas markets has attracted attention from all parties. Chen Hanxiong, President of Hong Kong Auto Parts Industry Association and relevant personnel came to visit the exhibition hall of Yuchai Group to get to know the performance of Yuchai products. He expressed that the performance of enterprises from Chinese mainland in overseas markets is catching more attention. This time, he organized manufacturers of auto parts from Hong Kong to learn and understand and seek for new business opportunities on CAEXPO.

Media such as Xinhua News Agency, Guangxi TV and China News Service interviewed Yuchai Group about its performance in ASEAN markets and other overseas markets.

(Song Yonggeng)


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