China Yuchai International Ltd. announced that its previously announced joint-venture agreement by its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), with MTU Friedrichshafen GmbH, a subsidiary of Rolls-Royce Power Systems, has been established.
The name of the 50/50 joint-venture entity will be called MTU Yuchai Power Co. Ltd. which will produce, under license, MTU diesel engines in China. The joint-venture will be based at GYMCL’s primary manufacturing facilities in Yulin, and will produce MTU’s Series 4000 diesel engines compliant with China’s Tier 3 emission standards, primarily for the oil and gas and power generation industries. The General Manager of the joint-venture will be Sebastien Jin, who previously headed business development in China at MTU.
Yan Ping, chairman of GYMCL, and Andreas Schell, president of Rolls-Royce Power Systems, were in Yulin City in Guangxi Province, to unveil the company logo and celebrate the establishment of the joint-venture.