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At the end of the year and the beginning of the year, when we reviewed the development of the industry in the inventory, the various changes in the diesel engine market had to be mentioned. Yuchai's production and sales exceeded 500,000 units and joined hands with Caterpillar to enter the remanufacturing industry. Weichai relied on Shandong Heavy Industry Group to become bigger and stronger, with Sword Targeting 100 billion sales targets, and Cummins also had a good change. In addition, it should be noted that many OEMs of construction machinery have started to engage in engine manufacturing, which is of great significance for solving the technical bottleneck of current engine development.
Yuchai Caterpillar teamed up to remanufacture
According to the latest statistics, as of December 29, 2009, the output of Yuchai Diesel Engine exceeded 500,000 units, reaching more than 510,000 units, an increase of 40.4% year-on-year, and the annual output of the engine from last year was more than 360,000 units to 400,000 this year. Taiwan, and then jumped to 500,000 units of double cross.
On December 14th, Caterpillar (China) Investment Co., Ltd. and Guangxi Yuchai Machinery Co., Ltd. signed an agreement to jointly establish a company to provide remanufacture of Yuchai diesel engines and components and parts of Caterpillar diesel engines and components. service. The new company will use Remanufacturing Technology through Caterpillar Remanufacturing and Sustainable Solutions (Caterpillar Reman) to provide customers worldwide with the most complete remanufactured engines and components.
On December 21st, Guangxi Yuchai Machinery Group Co., Ltd. and Brunel University of the United Kingdom displayed the latest results of their cooperation in Yulin City. Currently, the world’s first use of existing component technologies to achieve renewable air hybrid power The engine, which marks the development and application of Yuchai's new energy technology, has reached the international advanced technology level. In the next step, Yuchai will do a good job in promoting the use of renewable air hybrids and strive for mass production after one year.
Weichai Group Operation
On June 18th, 2009, Shandong Heavy Industry Group, a group of three major equipment manufacturing manufacturers in Shandong, was unveiled in Jinan. Shandong Heavy Industry Group was assigned all the state-owned property rights of Weichai Holding Group Co., Ltd., Shandong Construction Machinery Group Co., Ltd. and Shandong Automotive Industry Group Co., Ltd. and was a wholly state-owned company. Tan Xuguang, Chairman of Weichai Holding Group, became a director of Shandong Heavy Industry Group. long. Shandong Heavy Industry has four major industrial sectors. With the engine as the core, the powertrain system for multiple markets such as vehicles, ships, and power generation equipment is built; the vehicle system with commercial vehicles as the core; and the construction machinery with products such as bulldozers and excavators as the core engineering Machinery industry segment; integrated auto parts business within the group, forming a platform for auto parts. The innovation capacity building project of Weichai Power Co., Ltd.'s technology center was approved by the National Development and Reform Commission, and was included in the special project of innovation capacity building of the Enterprise Technology Center in 2009, and it received a state grant of 8 million yuan.
On the last day of 2009, the Weichai Group's 40,000th high-speed high-power engine was successfully rolled out in December. This is the first time monthly output of Weichai exceeded 40,000 units. It is also the highest monthly production of high-power engines in the world. In 2009, Shandong Heavy Industry expects its annual operating income to exceed 60 billion yuan, a year-on-year increase of 10%. In 2012, the goal of Shandong Heavy Industry was to achieve sales revenue of 100 billion yuan.
Cummins teamed up with Foton Motors
On June 9, 2009, Su Zhiqiang, chairman of Cummins Inc., and Wang Jinyu, general manager of Foton Motor Co., Ltd. jointly initiated the official production ceremony of 400,000 engines of Foton Cummins . In addition to the existing Foton Aoling engine project and the planned direct-injection gasoline engine project, Beijing will build the world's largest auto engine production base with an annual output of 1 million units.
The Beijing Futian Cummins Engine Co., Ltd., which has a total investment of 2.7 billion yuan, has officially started production on the 9th. With the existing Foton Olympic Engine Project and the planned direct-injection gasoline engine, Beijing will build the world's largest car with an annual output of 1 million units. Engine production base.
Beijing Foton Cummins Engine Co., Ltd. is a joint venture between Beiqi Foton and Cummins Inc., the world's largest independent engine manufacturer, and is the world’s most advanced diesel engine with 2.8-liter and 3.8-liter engines, with an annual output of 400,000 units. These two engines will enable Foton Motors products to overcome the barriers to emissions of all countries in the world and greatly enhance the competitiveness of Foton Motor in overseas markets, especially in developed countries.
Xugong Doosan Joint Venture
On September 7, the signing ceremony for the engine joint venture between Xugong Group and the Doosan Group of Korea was held in Xuzhou. This is the first engine joint venture project of China's construction machinery industry, marking a breakthrough in the basic parts and components industry of construction machinery. It will have important and far-reaching consequences for changing the pattern of homogenization and competition of core components and improving the competitiveness of XCMG's mainframe. Impact.
After five years of friendly negotiations, XCMG and the Doosan Group of South Korea unanimously decided to establish a Sino-foreign joint venture to produce and sell diesel engines in the Xuzhou Economic Development Zone. Both parties have completed negotiations on joint venture contracts, articles of incorporation, related agreements, and ancillary documents. The deliberation and approval of the board of directors of both parties. The Chinese name of the joint venture company is "Xuzhou Xugong Doosan Engine Co., Ltd. (Xugong Doosan)", with a share ratio of 50:50 and a total investment of 99 million U.S. dollars and a registered capital of 68 million U.S. dollars. The project will be constructed in two phases, with a total investment of 8400 in one phase. Ten thousand U.S. dollars.
The joint venture will introduce advanced, market-demanding diesel engine technology that is actually synchronized with Doosan, and will research, develop, produce and sell diesel engines for construction machinery. The initial four models will be used. The initial production scale of the joint venture was 50,000 units, sales revenue was 3.2 billion yuan, profit and tax was 548 million yuan, and the long-term production scale was 100,000 units. This joint venture project is the first joint venture established by Doosan Group abroad.
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