On November 30, 2010, Yuchai Heavy Industry (Tianjin) Co., Ltd. and Tianjin Yinde Finance Leasing Co., Ltd., which were established by Yuchai Group in the venture headquarters of Wuqing Development Zone, Tianjin, were officially opened.
The Tianjin municipal government welcomed the investment of Yuchai Group, congratulated the establishment of two Tianjin companies, and introduced the economic and social development of Tianjin and the development and opening up of the Binhai New Area. Wuqing District has superior geographical location, convenient transportation, good ecological environment, rapid economic development, and has broad investment and development potential. Yuchai Group is a leading enterprise in the national machinery industry and has strong economic and technological strength. The municipal and district governments and related departments will provide services for the Yuchai Group's investment projects in Tianjin. It is hoped that the two sides will be strong and united, sincerely cooperate with each other, achieve mutual benefit and win-win, and make due contributions to the economic and social development of Wuqing District and Tianjin City. .
It is understood that in order to expand the northern market, Yuchai Group registered Yuchai Heavy Industry Tianjin Co., Ltd. and Yinde Finance Leasing Co., Ltd. in Wuqing Development Zone in August 2010, and will establish a global marketing settlement center for global market sales and services. And the financing platform for providing service support. It is estimated that the annual sales revenue of the two companies will reach more than 15 billion yuan and the tax revenue will be more than 300 million yuan.
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