You are here
Hong Leong unit enters into strategic partnership with high-tech equipment producer Zoomlion
ENGINE manufacturer China Yuchai International, a subsidiary of Hong Leong Asia, has entered into a strategic partnership with Zoomlion Heavy Industry Science & Technology Co, which manufactures high-tech equipment for the engineering and agricultural industries.
Under the agreement, China Yuchai's main operating subsidiary Guangxi Yuchai Machinery Company Limited (GYMCL) and a GYMCL joint venture entity Y&C Engine Co Ltd will develop and produce six-cylinder medium- and heavy-duty engines for Zoomlion's agricultural equipment.
China Yuchai president Weng Ming Hoh said the group will be developing engines with higher power and improved performance specifically for use in Zoomlion's agricultural machinery business.
To gradually build up its capacity, this production is divided into three phases.
"Our partnership will provide another growth avenue to gain further market share and solidify our leadership in the agricultural machinery business," he said.