Guangxi Yuchai's Success Recommended
¡¡¡¡Guangxi Yuchai Machinery Company is a large state-owned enterprise. In the past 12 months last year it had achieved a sales income growth of 25.8% and a 389% increase of interest and taxes over the previous year. The answer to Yuchai's success is to have a series of managerial measures worked out and see to it that a good job be done of management and supervision, new technologies introduced, technological personnel trained and greater technological demands raised for new products to be developed. Typical is Diesel Engine 6112, originally a machine type of big power, of high oil consumption and of a low marketability in China, introduced from the US in 1992. But this did not deter the manufacturers of Yuchai. With new technologies introduced in recent years they have the machine put out as a product enjoying great marketability in China.
Economicnews 1999-01-27 Page2
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