MAN Diesel & Turbo Continues Expansion into Chinese Two-Stroke Market
YCMP becomes latest Chinese licensee
At a ceremony in Zhuhai, Guangdong Province on 16 January 2016, local engine builder – Yuchai Marine Power Co., Ltd. (YCMP) – signed a new licence agreement with MAN Diesel & Turbo for the production of MAN B&W-branded, two-stroke diesel engines.
Jiang Shihong, Chairman of the Board and Hu Xuenan, CEO, represented YCMP, while MAN Diesel & Turbo was represented by Thomas S. Knudsen – Head of Two-Stroke, Ole Grøne – Senior Vice President, Two-Stroke Promotion & Sales, and Klaus Engberg – Senior Vice President and Head of Two-Stroke Licensing.
Engberg said: “China is a vital market for MAN Diesel & Turbo and we are pleased to welcome Yuchai to the MAN B&W licence family. YCMP is a well-established engine builder with modern production facilities in south-east China and we look forward to our future cooperation.”
A member of the Guangxi Machinery Group Co., Ltd, YCMP is located in the Fushan Industrial Zone, Zhuhai City where its core business is the production and sale of two-stroke, marine diesel engines.