China's "Twelfth Five-Year Plan" clearly proposes the promotion of sustainable development through green technologies. The remanufacturing industry has been listed as an encouragement investment project in China. The National Development and Reform Commission made it clear that the remanufacturing industry is a new bright spot for China's circular economy in the future. In this environment, the engine remanufacturing plant jointly invested by Guangxi Yuchai and Caterpillar will undoubtedly become the focus of the whole society. On July 9, 2012, the ceremony for the completion and opening of the new factory of Yuchai Remanufacturing Industry (Suzhou) Co., Ltd. was held in Suzhou Industrial Park. Greg Folkley, Global Vice President of Caterpillar, Jun Ping, Chairman of Guangxi Yuchai Group, Jin Liwen, President of Caterpillar China, Wu Qiwei, General Manager of Yuchai Machinery Co., Ltd., Yang Shiwei, General Manager of Yuchai Remanufacturing Co., Ltd., and National Remanufacturing Engineering Academician Xu Binshi, an expert in the field, and senior leaders of local governments attended the ceremony.
The new plant is located in the Suzhou Industrial Park. The first-phase production area is approximately 14,000 square meters. It mainly provides remanufacturing services for Yuchai engines and engine parts. There are currently about 100 employees. When the factory is fully invested in capacity in 2014, the number of employees is expected to reach 400.
"Remanufacturing services are an important factor for Caterpillar's global success. The plant will support China's growing remanufacturing business!" At the meeting, Caterpillar was responsible for Mr. Greg, vice president of global remanufacturing and parts business. He said in his speech. “In 2010, we jointly established this joint venture company with Yuchai in order to fully support the development of China's remanufacturing industry. I am very proud that this company will soon be fully operational.â€
In his speech, Caterpillar China President Jin Liwen mentioned: Jiangsu Province has become an important manufacturing base for Caterpillar to conduct business in China. At present, the investment in Jiangsu has exceeded one billion U.S. dollars, which is more than half of Caterpillar's total investment in China. The opening and production of the Yuchai Remanufacturing Joint Venture Company once again demonstrated Caterpillar’s ​​commitment to a blueprint for development in Jiangsu.
Caterpillar has been in China for nearly 40 years. It has grown from a sales office in Beijing to a national footprint. The total number of Caterpillar's Chinese team has exceeded 25,000. Currently, the development of Caterpillar in China is in the fourth phase, which is the full deployment of business models. The establishment of the new factory is exactly what Caterpillar supports the further development of remanufacturing in China, helping China become the leader in manufacturing in Asia Pacific and even the world.
According to report, Yuchai Remanufacturing Industry (Suzhou) Co., Ltd., which has a 51% stake in Guangxi Yuchai and a 49% share in Caterpillar, has been engaged in personnel composition, production support, and technical capabilities after more than two years of running-in. Completed the first stage of a smooth start. The senior leaders of remanufacturing companies are composed of representatives of Guangxi Yuchai and Caterpillar. The chairman of the company is Yu Jie of Guangxi Yuchai Machinery Co., Ltd., and daily management is led by Yang Shiwei from Caterpillar. “Caterpillar has an advanced management model and world-class remanufacturing technology. All these are Chinese companies that need to get in touch and learn slowly... Many Yuchai employees volunteered to come here because it was also felt Yuchai Remanufacturing Company will have very good prospects for development, said Li Ke, the deputy general manager.
This opening ceremony marks the beginning of its intense work and "green revolution" in China's truly remanufactured production companies.
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