Caterpillar Announces Joint Venture with China Yuchai to Establish Remanufacturer

Caterpillar (China) Investment Co., Ltd., a subsidiary of Caterpillar Inc., and Guangxi Yuchai Machinery Co., Ltd., a major production company of China Yuchai International Co., Ltd., signed an agreement to establish a joint venture for Yuchai Diesel Engine and Zero. Parts and some Caterpillar diesel engines and components provide remanufacturing services. 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.

“We look forward to sharing Caterpillar's expertise in remanufacturing with Yuchai to provide customers with sustainable, lower-cost solutions that will ultimately serve the purpose of developing this new market.” Caterpillar, who is responsible for the remanufacturing business CEO Steve Fisher said, “While benefiting the environment, the platform created by the new company will provide more green jobs and technology.”

Remanufacturing is a high-end recycling method. It uses repair technology and a sound manufacturing specification to convert parts that have reached the end of their useful lives to match the state of new products. Caterpillar is a global leader in remanufacturing technology, recycling more than 100 million pounds of scrap iron each year, primarily for remanufacturing engines, transmissions and hydraulic components.

Yuchai is a major manufacturer of diesel engines in China. It is China's largest production base for internal combustion engines. Its product range covers light-heavy-weight and micro-causal power. It is used in truck power, passenger car power, total power, ship power and passenger power. Car power and many other aspects.

“We hope to realize the company's new development goals through cooperation with Caterpillar in remanufacturing, and we are confident to provide customers with more value-added services while meeting the pressing development needs of society and the environment.” Jade responsible for remanufacturing Chai Jie, deputy general manager of Chai Machinery Co., Ltd. said.

Remanufacturing is one of the fastest growing industries. It uses cutting-edge technology to help customers maintain strong competitiveness and profitability, and provides solutions for environmental protection by reducing waste emissions and reducing the need for raw materials needed to manufacture new parts.

The Caterpillar and Yuchai joint venture will be Caterpillar's first remanufactured joint venture in China, once approved by relevant regulatory agencies. Through Caterpillar's global remanufacturing business and the platform of this newly formed joint venture, Caterpillar and Yuchai will be able to strongly support the Chinese government and achieve sustainable development based on industry-leading manufacturing technologies and environmentally friendly business models. Economic development.

“Caterpillar has a long history in China and this is our second hometown,” said Zhu Jiming, vice president of Caterpillar responsible for China. “We are committed to helping China develop sustainable solutions in each province.”

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