Recently, Yuchai Group and China Railway 20th Bureau Group Co., Ltd. (abbreviated as China Railway 20th Bureau Group) have signed a strategic cooperation agreement in Xi'an, Shaanxi Province. The two sides will launch comprehensive cooperation in generator sets, engineering machinery, logistics and trade. Ning Xingyong, party secretary of Yuchai Corporation, and Deng Yong, general manager of the China Railway 20th Bureau Group, signed the agreement on behalf of the partners.
According to reports, the China Railway 20th Bureau Group was founded in 1948 and is now a wholly-owned subsidiary of China Fortune 500 Corporation, a China Fortune 500 company. It has long-term commitment to subways, housing construction, roads, bridges, and light rails in many domestic cities. Municipal construction tasks such as housing construction, water conservancy, and highway construction in Angola, Mongolia, the United Arab Emirates, and Algeria are state-of-the-art design and inspection companies.
In recent years, Yuchai diesel engine , construction machinery and other products have played a good role in the construction of the China Railway System and have been recognized by the China Railway 20th Bureau Group. During the signing of this strategic agreement, both parties of the cooperation conducted in-depth discussions on the areas of product research and development and cooperation, and established regular exchanges and regular visits to the respective resource advantages and market advantages of Yuchai and China Railway 20th Bureau Group. The cooperation mechanism has facilitated the consensus on the effective integration of the respective entitiesâ€™ economies.
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