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Wartsila and CSSC form new joint venture in ChinaWartsila and CSSC form new joint venture in China

Engine manufacturer Wartsila and China State Shipbuilding Corporation (CSSC) have signed a letter of intent to establish a new joint venture company to focus on China's growing market for electrical & automation (E&A) solutions for marine applications.

Lee Hong Liang, Asia Correspondent

March 18, 2016

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The planned activities of the joint venture will include sales, marketing, engineering and project management for the E&A market. The new entity is expected to be operational at the beginning of 2017.

“Wartsila has a leading position in supplying E&A systems for high-end and offshore vessel applications. By combining our strengths in this field with the strong market position of CSSC, we can provide Asian owners and yards with the best possible solutions supported by local presence and capabilities,” said Jaakko Eskola, ceo of Wartsila.

Wartsila and CSSC are already partners in three joint venture companies. In 2004 they jointly formed Wartsila CME Zhenjiang Propeller Co Ltd (WCME), a company producing fixed and controllable pitch ship propellers.

In 2014, CSSC Wartsila Engine (Shanghai) Co Ltd (CWEC) was established for the local production of medium and large bore, medium speed, diesel and dual-fuel Wartsila engines.

In 2015 the two companies formed Winterthur Gas & Diesel (WinGD). WinGD has taken over the technical development and sales of Wartsila’s range of two-stroke, low speed marine engines.

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About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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