Yuchai participated in the Guangxi (Myanmar) Commodity Fair and achieved good results

On March 30th, 2012, the three-day China (Myanmar) Commodity Fair in China was held in Yangon International Convention Center in Myanmar. The Overseas Division of Yuchai Machinery Co., Ltd. carefully selected four engines suitable for the Myanmar market to participate in the exhibition. Gao Qiang, Assistant General Manager of the Company and Liang Bing, Deputy General Manager of the Overseas Business Department attended the exhibition and participated in related economic and trade activities. In the afternoon of the same day, the Guangxi-Myanmar Investment and Trade Fair and signing ceremony for the project was also held in Yangon. On behalf of Yuchai, Gao Qiang signed a US$4 million engine supply agreement with a Myanmar company.

As a leading company in China's engine industry, the debut of the Yuchai booth attracted a large number of Myanmar customers. Wu Minsui, Governor of Yangon, Myanmar, and Wu Wenmin, Minister of Trade of Myanmar, personally went to the Yuchai booth to inquire about the characteristics of Yuchai products and took away Yuchai’s relevant product information. He also hopes to visit Yuchai this year to further strengthen jade. The cooperation between Chai and the Myanmar enterprises was discussed. During the exhibition, Yuchai old and new users and agents came to visit the booth. A heavy truck user ordered 10 dump trucks equipped with Yuchai 6M engines immediately after visiting the Yuchai booth.

As a Southeast Asian emerging market, Myanmar has great potential. From August 2010, Yuchai established an office in Myanmar and gradually established a marketing service network. After more than one year of market operation, Yuchai has made a rapid breakthrough in the Myanmar market, and its volume of access has increased from 29 in 2010 to 644 in 2011. In 2012, Yuchai’s market in Myanmar continued to maintain its rapid growth. As of the end of March, the number of products exported to Myanmar exceeded 500, and it is expected to exceed 1,500 units throughout the year. Myanmar has become one of Yuchai’s fastest growing markets overseas.

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