Yuchai Machinery Group plans to establish a joint venture in Chechnya with Russian partners

According to the news from the Information Office of the Ministry of Industry and Energy of the Republic of Chechnya Russia, Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai) plans to establish a joint venture with Russian partners in Chechnya to produce Euro-6 standard marine, automotive and generator engines.

The Minister of Industrial Energy of the Republic of Chechnya Russia, Rizwan Masayev, met with the Yuchai Group delegation. The two sides discussed the possibility of jointly producing diesel and gas engines using the latest environmental technologies, as well as the possibility of further production of combined production engineering equipment and special vehicles in the future.

As a famous exporting agency of Yuchai engines, what affect will this incident cause to Deyuan Marine? Our Official director introduced as below:

Yuchai is a world famous brand, the internetion cooperation with Chechnya will make it even more well known. It's good news for us of course.

Although the business around Chechnya maybe reduce once the joint ventured built, but it still have long way to go, and we will increase marine diesel engine generator business in other areas.