Multi-Purpose Engine ManufacturingJoint Venturein Jiangsu Province, China Manufacturing Transferred from Japan to China
Yamaha Motor has reached a 3-way agreement with the Chinese motorcycle engine maker Jiangsu Linhai Power Machinery Group Corporation (representative: Lu Haimin; Taizhou City, Jiangsu Province, China) and Yamaha Motor's motorcycle manufacturing joint venture Jiangsu Linhai Yamaha Motor Company Limited, known as "LYM" (representative: Lu Haimin; Jiangsu Province), to establish a new company to produce multi-purpose engines. The agreement will be officially signed in Shanghai on August 1, 2003.