Yuchai shares strategic cooperation agreement with Hangcha Group

On July 4, 2016, Guangxi Yuchai Machinery Co., Ltd. and Hangzhou Fork Group Co., Ltd. jointly signed a strategic framework cooperation agreement in Zhejiang and officially became a strategic partner. Wu Qiwei, president of Yuchai, and Zhao Limin, chairman and general manager of Hangcha Group, signed cooperation agreements on behalf of their respective companies.

According to the agreement, the two parties will carry out long-term, stable and all-round cooperation for products in the diesel engine field, and carry out continuous optimization work in terms of product development, technology, marketing, production, quality, service, logistics, and cost, so as to maintain and improve their respective The market competitiveness in terms of research and development capabilities, product quality, and product cost will jointly promote the sustained and healthy development of the industrial vehicle industry.

Wang Limin, Vice President of Yuchai, Huang Weishu, General Manager of Yuchai Power Machinery Division, and related leaders of Hangcha Group witnessed this event Wang Limin, Vice President of Yuchai, Huang Weishu, General Manager of Yuchai Power Machinery Division, and related leaders of Hangcha Group witnessed this event

During the talks, both parties agreed that as the two leading enterprises in the internal combustion engine industry and forklift industry, both parties have a complete manufacturing industry chain and customer groups, and have a good basis for cooperation. The signing of this strategic cooperation agreement will enable the two parties to establish a closer strategic cooperative partnership in long-term stable cooperation, complementary advantages, and resource sharing, which will have far-reaching significance for both parties in the long-term development and mutual benefit of the industrial vehicle market. .

Zhao Limin gave a detailed introduction to the product development, technology, marketing, smart production, quality, service, logistics, cost, and the 13th Five-Year Plan of Hangcha Group. He said, "This strategic cooperation with Yuchai shares is of great significance to both parties. Yuchai shares is the companion of our products to enhance the road. Yuchai Engine has a good reputation and reputation in the industry. The forklift industry is a forklift brand that enjoys a good reputation both at home and abroad. Through the strong alliance between the two parties, it will surely achieve a win-win situation. The cooperation between the two parties will surely bear fruitful results!”

Wu Qiwei expressed his congratulations to the outstanding achievements of the Hangcha Group. He said, “Yuchai is ahead of the engine in R&D, and has implemented lean management and intelligent manufacturing in its production. As long as both sides through resource integration, they can achieve mutual benefits and win-win results. Yuchai’s goal is to be a world-class engine leader. It is consistent with Hangcha's vision of being the world's strongest forklift company and believes that both parties will lead the new trend of the industry through close cooperation in product support and marketing."

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