A Joint Venture Company – Eberspaecher and Yuchai
by Starlight Generator dieselgeneratortechEberspaecher Exhaust Technology
International GmbH (“Eberspaecher”) and China Yuchai International Limited
(NYSE: CYD) (“China Yuchai”), announced the signing of a contract to form
a joint venture company – Eberspaecher Yuchai Exhaust Technology Co. Ltd. (“JV
Company”). The JV Company will produce and sell exhaust emission control
systems for Chinese commercial vehicles to meet the highest domestic emission
standard, China National 6.
Eberspaecher will hold 51 percent
shareholding interest of the JV Company, with a Guangxi Yuchai Machinery Co.
Ltd. (“GYMCL”) subsidiary – Guangxi Yuchai Exhaust Technology Co. Ltd – holding
the remaining 49 percent. A new production facility dedicated to producing the
joint venture’s exhaust systems will be built at GYMCL’s current engine
production facilities in Yulin City, China. The establishment and operation of
the JV Company is subject to certain approvals to be granted by the relevant
government authorities in China.
The aim of the partnership is to
develop, produce and market new exhaust emission control systems for commercial
vehicles. The China National 6 emission standard will be the most stringent
emission standard in China and is expected to be first implemented by July
2020.
Eberspaecher is an exhaust
technology pioneer which is intensifying its activities in the growing Asian
markets. These on-road systems for trucks and buses, as well as off-road
applications such as tractors or construction machines, will improve the future
environmental balance in China.
“As the
market leader for commercial vehicle emission control technologies in Europe
and North America, it is clear to us that we can bring this expertise to Asia,”
emphasized Dr. Thomas Waldhier, COO of Eberspaecher Exhaust Technology. “With
China Yuchai as our strong partner, the foundation is being laid to achieve a
leading position in Asia as well.”
Mr. Weng Ming Hoh, President of
China Yuchai, commented, “Eberspaecher is a world leader in exhaust technology
with an exceptional track record over its 153-year history. As an engine
technology leader in China for on-road and off-road commercial vehicles, we are
excited to join forces with Eberspaecher to capture the secular growth
opportunities in emission controls in China.”
Rising concerns for the
environment creates demand for more effective emission reduction systems for
trucks and buses in China. “As a pioneer in exhaust technology, we contribute
to the environmentally friendly mobility of tomorrow with our innovations and
technologies. Together with GYMCL, one of the major diesel engine OEMs in
China, we will significantly contribute to the successful implementation of the
China National 6 emission standard,” adds Dr. York Zhao, Vice President
Business Unit Asia at Eberspaecher.
New plant in Yulin
To directly supply Asian
commercial vehicle manufacturers, the JV Company will build a production plant
in Yulin City, in the province of Guangxi. Over an area of up to 12,000 square
meters, the first exhaust control systems will be produced at the end of 2019.
In the first full year of production, 160,000 systems are planned. In the long
term, the JV Company is expected to create up to 250 local jobs.
Commercial vehicle manufacturers
which use Yuchai engines, will benefit from the new joint venture in terms of
sales and after-sales activities, as they will receive engine and exhaust
technology from a single source. This cooperation also makes use of
Eberspaecher’s expanded development activities at its Asian headquarters in Shanghai.
The local Tech Center, which bundles the entire exhaust technology testing
expertise and prototyping activities for Asian customers, is nearing
completion.
Background of emission control
The new exhaust emission control systems are so-called combination systems under China National 6 – the strictest emission standard for particulates, nitrogen oxide and hydrocarbons. This emission standard corresponds to Euro 6 in Europe and EPA 10 in the USA. China National 6 will result in a further reduction of 80% for nitrogen oxides and 66% for particle mass compared to the China National 5 standard.
The
Eberspaecher commercial vehicle combination systems consist of two main
components: a Diesel particulate filter system – consisting of an oxidation
catalyst (DOC) and Diesel particulate filter (DPF) – and a nitrogen oxide
reduction system, which includes urea dosing and SCR catalysts. In addition to
the emission function, these technologies also comply with the relevant
acoustic regulations.
Sponsor Ads
Created on Nov 23rd 2018 22:05. Viewed 362 times.