SINGAPORE, Oct. 3, 2023
/PRNewswire/ -- China Yuchai International Limited (NYSE:
CYD) ("China Yuchai" or the "Company") a leading manufacturer
and distributor of engines through its main operating subsidiary in
China, Guangxi Yuchai Machinery
Company Limited ("GYMCL"), today announced that GYMCL's wholly
owned subsidiary, Guangxi Yuchai
Marine and Power Genset Co., Ltd. ("MPG"), won a new
contract to install Yuchai's ferroalloy off-gas power generation
system at a production plant which specializes in silicon-manganese
alloys production in Inner Mongolia, China.
The smelting process for producing silicon-manganese alloys will
emit a combustible and hazardous ferroalloy off-gas at high
temperatures. Yuchai's ferroalloy off-gas power generation system
effectively utilizes this off-gas as a fuel resource for power
generation, which not only eliminates greenhouse gas emissions but
also enhances metal production safety. Upon installation and
integration to the local grid, this project is expected to produce
more than 160 million kilowatt-hours of electricity per year and
greatly reduce carbon dioxide emissions, creating a positive impact
on both the economy and the environment.
This Yuchai ferroalloy off-gas power generation system,
comprising 16 units of YC16VCN engines, is a newly improved gas
power generator produced by MPG to match global standards. The
YC16VCN engine is designed to satisfy the requirements for various
applications and features high reliability, high efficiency,
environmental protection, low maintenance cost, and safety
protection. It improves electrical power efficiency by more than
40%.
Mr. Weng Ming Hoh, President of
China Yuchai, said, "YC16VCN is a high-performance product that has
earned the trust and satisfaction from customers in China and abroad. We will continue to innovate
and deliver high-quality, efficient and sustainable power
generation solutions that add value to our customers."
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 variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also produces diesel power
generators. The engines produced by GYMCL range from diesel
to natural gas and hybrid engines. Through its regional sales
offices and authorized customer service centers, GYMCL distributes
its 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 2022, GYMCL
sold 321,256 engines and is recognized as a leading manufacturer
and distributor of 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", "confident that", "continue to",
"predict", "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
including, but not limited to, statements concerning China Yuchai
group of entities' operations, financial performance and condition
are based on current expectations, beliefs and assumptions which
are subject to change at any time. China Yuchai cautions that these
statements by their nature involve risks and uncertainties, and
actual results may differ materially depending on a variety of
important factors such as government and stock exchange
regulations, competition, political, economic and social conditions
around the world and in China
including those discussed in China
Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of
Operations" and "Business Overview" and other reports filed with
the Securities and Exchange Commission from time to time. All
forward-looking statements are applicable only as of the date it is
made and China Yuchai 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:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited