Ricardo Menendez, Venezuelan Minister of Industry, and his entourage inspected Yutong on September 23, 2013. They successively visited the Yutong New Energy Bus Plant and Yutong Industrial Park. It is learned Menendez was delegated by the Venezuelan President Maduro to pay a special visit to Yutong during the visit of Maduro in China.
Accompanied by Hu Fengju, VP of overseas marketing of Yutong Bus Company, Menendez visited the Yutong New Energy Bus Plant. Located in the Zhengzhou Eastern International Logistics Park, the Yutong New Energy Bus Plant covers an area of about 1.33 million square meters with a floor area of 600,000 square meters. It will have an expected annual output of 30,000 units after being completed, becoming the most advanced new energy bus base in China and the largest one in the world.
Subsequently, Menendez and his entourage headed for the Yutong Industrial Park for inspection. They were warmly welcomed by Tang Yuxiang, president of Yutong Group at the meeting room of the Administration Building and visited Yutong experiment center and the final assembly workshop accompanied by Tang.
Tang explains the plant layout to Menendez
During the visit, Yutong’s advanced manufacturing process and powerful strength have left a deep impression on Menendez. “I was delegated by the president Maduro to inspect Yutong this time. All what I saw in Yutong makes me convince that the cooperation between the Venezuelan government and Yutong can really help Venezuela develop its own industry. Yutong has not only served China, but also provided supports on spare parts and technology for the development of Venezuela’s bus industry,” said Menendez. He also expressed the Venezuelan government has always attached great importance to the development of the transport undertaking, from President Chavez to President Maduro, they have always been dedicated to the development of public transport, the cooperation with China is conducive to enhancing the development level of bus industry in Venezuela.
Tang accompanies Menendez to visit the final assembly workshop
Before Menendez visited Yutong, the Venezuelan President Maduro had met Tang at the Diaoyutai State Guesthouse in Beijing on September 22. As the invited enterprise representative of China-Venezuela Senior Mixed Committee, Tang conducted an in-depth exchange on the cooperation issues of both parties with Maduro during the meeting.
In recent years, due to the good cost effective performance of Chinese bus products, the excellent Chinese bus makers like Yutong have entered the overseas market and the annual export amount and unit prices of products are also growing. Early in 2005, Yutong had entered the Venezuelan market. In 2012, Yutong signed a 1.49 billion yuan contract to supply 1,216 buses to Venezuela, which was also the largest bus purchasing order in the history of Venezuela and also made Yutong occupy over 90 percent market share of the local bus market.