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02-11-2007
The
diesel engine production and sales of Yuchai has kept a high speed of double-digits
growth for consecutively 6 years since 2001. The average annual increase was over
30%. The diesel engine products and sales stayed the first in the domestic industry
for consecutively 3 years. This growth was rare in manufacture industry. Yuchai
drafted a strategic 10 year development plan: fully cooperate with the domestic
or international companies in joined-venture business; speed up the import and
application of high technology; emphasize on diesel engine, construction machinery,
special vehicles, automobile parts, chemical industry, and logistic industry;
fully use the technological advantages to increase the international competitiveness;
make Yuchai Machinery a world famous brand; and build Yuchai into a large scale
international enterprise. Under this plan, Yuchai decides to double its size in
3 years. It is to finish sales of 20 billion yuan in 2008; increase the export
to 30% of the total sales volume in 5 years; and put the brand, products and production
bases into international market. In
recent years, Yuchai Group has successfully established a diversified operation
system that includes diesel engine, small construction machinery, special vehicle,
automobile parts, automobile chemical industry and a up to date service network.
Besides engines, Yuchai¡¯s other products such as construction machinery,
automobile parts, automobile chemical industry and special vehicle got substantial
increased. Yuchai
decides to create its team and system on investment and financing; set up special
investment and financing company in the international investment and financing
business; get several companies to list in domestic or overseas stock market;
and diversify the investment and financing channels. Besides direct financing
from the stock market, Yuchai will provide financial service for all its subsidiary
companies by cooperating with famous international investment banks or funding
organizations to forming a professional investment and financing company. It is
acting fast to fulfill the goal.
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