Zhejiang Zhongchai is on track in its goal to become the leader in the transmission gearbox market after significantly increasing production and delivery of its products in fiscal 2010.

Zhongchai Machinery Inc subsidiary Zhejiang Zhongchai Machinery Co Ltd says it has produced and delivered over 10,000 sets of transmission gearboxes in fiscal 2010, five times the number produced and delivered to Chinese equipment manufacturers in fiscal 2009.

According to Zhongchai, over 20 major forklift manufacturers, including leading global players, have adopted the newly developed transmission products.

Zhejiang Zhongchai president He Mengxin says the successful introduction of the company's transmission product line gives it a solid footing in the market.

"We will increase our production capability and increase delivery to meet the market demand. We will continue to develop our next generation products to be the leader in this market sector," he says.

Zhongchai Machinery Inc produces gears, transmission gearboxes and driving systems for industrial and agricultural equipment. It has developed three series of transmission products in the capacity of 1.8, 2.5 and 3.4 tonnes with 17 model variations, including mechanical and hydraulic versions.