China Yuchai International Limited subsidiary Guangxi Yuchai Exhaust Technology Co. (YETC) and Eberspaecher Exhaust Technology International GmbH announced today that their joint venture company, Eberspaecher Yuchai Exhaust Technology Co. Ltd. (Eberspaecher Yuchai), is now formally incorporated.
Eberspaecher and YETC will respectively hold 51 percent and 49 percent shareholding interest of Eberspaecher Yuchai.
Eberspaecher Yuchai will develop, produce and market new exhaust emission control systems for trucks, buses, farming equipment and industrial machinery. Headquartered in Esslingen am Neckar, Germany, Eberspaecher is one of the world’s leading exhaust technology providers with approximately 10,000 employees at 80 locations worldwide. As the most stringent emission standards for China are set to be implemented in 2020, Eberspaecher Yuchai is strategically positioned to be ready for the trend of vehicle upgrades in both off-road and on-road markets as well as to contribute to the future environmental balance in China.
Weng Ming Hoh, president of China Yuchai, commented, “The Chinese government is determined to better the environment and reduce emissions in China. We take pride in our commitment to providing the best-in-class products to meet the fast-growing market demand for more stringent emission control systems.”