Wärtsilä to Set Up E&A JV with CSSC

Finnish engineering company Wärtsilä and China State Shipbuilding Corporation (CSSC) have inked a Letter of Intent to form a new joint venture that will focus on China’s growing market for electrical and automation (E&A) solutions for marine applications. 

The planned activities of the joint venture include sales, marketing, engineering and project management for the E&A market. However, the full scope of the company’s operations is yet to be defined. The JV is expected to be operational at the beginning of 2017.

“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,” Jaakko Eskola, Wärtsilä’s CEO says.

The two companies are already partners in three joint ventures. Wärtsilä CME Zhenjiang Propeller Co Ltd (WCME), a company focused on the manufacturing of fixed and controllable pitch ship propellers, was jointly formed in 2004. In 2014, CSSC Wärtsilä Engine (Shanghai) Co Ltd (CWEC) was established for the local production of medium and large bore, medium speed, diesel and dual-fuel Wärtsilä engines.

The third joint venture company, formed in 2015 by CSSC and Wärtsilä, is Winterthur Gas & Diesel (WinGD), specializing in the technical development and sales of Wärtsilä’s range of 2-stroke, low-speed marine engines.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >