Taizhong Group and Yuchai Group signed a strategic cooperation agreement
Improving industrial supporting facilities places too much emphasis on action. On September 19th, Taizhong Group successfully signed a strategic cooperation agreement with Guangxi Yuchai Machinery Group Co., Ltd. This is another practical achievement after Taizhong recently signed strategic cooperation agreements with Eddie Precision, Linglong Tire, and Yingweiteng Company. With strong alliances and complementary advantages, Taizhong Group has reached a new level in integrating the industrial chain, supply chain, and value chain. Han Zhentang, Secretary of the Party Committee and Chairman of the Group Company, and Li Hanyang, Secretary of the Party Committee and Chairman of Yuchai Group, witnessed the signing together.
Yuchai Group is a large state-owned enterprise group that focuses on power systems and implements concentric and diversified development. The company's main products include diesel engines, gas engines, construction machinery, engine components, etc., and it holds an advantageous position in multiple industries. This time, we have signed a contract with Taizhong Group to carry out comprehensive cooperation in engine strategic procurement, innovation collaboration, and other aspects.
At the ceremony, Han Zhentang warmly welcomed the visit of Yuchai Group and introduced in detail the company's reform and development, product structure, scientific research layout, and other aspects. He said that currently, the company is conscientiously implementing the important deployment of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, focusing on developing new quality productive forces according to local conditions, optimizing industrial layout, adjusting product structure, continuously strengthening traditional products, optimizing new products, and refining batch products in accordance with the specific requirements of the Eighth Plenary Session of the 12th Provincial Party Committee on scientific and technological innovation and comprehensive deepening reform, and seizing the opportunity for future industrial development. At the same time, the company actively plays a leading role as a "chain owner" enterprise, continuously improving the competitiveness and security of the industrial chain and supply chain, enhancing the level of industrial supporting capabilities, and making every effort to build a modern industrial system for the company. As a leader in the field of engine research and development, Yuchai Group has broad cooperation space with Taizhong in strengthening heavy equipment. We hope that both parties can uphold a friendly and open attitude, take this signing as an opportunity to establish a closer cooperation relationship in the development and casting of new products, industrial chain extension, and other aspects, and jointly contribute to building an advanced equipment manufacturing industry cluster.
Li Hanyang expressed gratitude for Taizhong's trust, saying that as the "eldest son of the Republic", Taizhong has a profound historical background and has made outstanding contributions to the national equipment manufacturing industry. As a comprehensive and complete internal combustion engine manufacturing base in China, Yuchai Group has always adhered to the concept of "only by helping customers succeed can Yuchai survive". It involves three major sectors: engine manufacturing, logistics and supply chain services, and new energy industry, which have a good fit with Taizhong's development plan. Signing the contract means a closer relationship and broader prospects for cooperation between the two parties. Yuchai Group will further leverage its own advantages to provide support for Taizhong in hydraulic excavator matching, engine products and services, and achieve value sharing and win-win cooperation.
Tao Jiajin, Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of the Group Company, as well as company leaders Wu Jianhua, Wang Shenglin, Han Yuming, and relevant unit leaders attended. Yuchai and his delegation also visited the exhibition center of the group company, the Taizhong Intelligent High end Equipment Industrial Park, and the Intelligent High end Engineering Excavator Industrial Park. Article source: Reprinted from Taizhong Group