Wärtsilä extends licence agreements with long-term Chinese partners
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 21 December 2012 at 2.30 pm EET
Wärtsilä, the marine industry's leading solutions and services provider, has
signed new licence agreements with seven of its long-term Chinese partners. CSSC
(China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978,
and four of its engine companies have signed new agreements giving them licence
to manufacture, sell, and service Wärtsilä low-speed engines for a further ten
years. The four companies are HHM (Hudong Heavy Machinery Co Ltd), CMD (CSSC-MES
Diesel Co Ltd), CME (Zhenjiang CME Co Ltd) and GMD (CSSC Guangzhou Marine Diesel
Engine Co Ltd).
Similarly, three companies belonging to CSIC (China Shipbuilding Industry
Corporation), a licensee since 2004 when it demerged from CSSC, have also had
their Wärtsilä licences renewed. The relevant companies are DMD (Dalian Marine
Diesel Co Ltd), QMD (Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd),
and YMD (Yichang Marine Diesel Engine Co Ltd). The agreements were signed during
a ceremony held on 3 December 2012 in Shanghai and cover the period from 2013 to
2022.
Under the terms of the newly signed agreement, the seven companies are licensed
to manufacture and sell the full range of Wärtsilä RTA, RT-flex, and Generation
X low-speed marine diesel engines within their specified territories. Speaking
at the signing ceremony, Mr Qin Wenquan, Chairman of the Board of Hudong Heavy
Machinery Co Ltd and chairman of the board of CSSC-MES Diesel Co Ltd, said: "The
application of new technologies has made the Wärtsilä two-stroke engine
extremely competitive in terms of fuel consumption, exhaust emissions, and
performance. More and more shipyards and ship-owners are indicating their
preference for Wärtsilä engines." He further emphasized that: "As regards mutual
co-operation, Wärtsilä continuously strengthens its communication with
licensees, and provides strong support in both technology and marketing aspects.
This has been especially relevant during the recent depressed market situation,
where Wärtsilä has stood tightly with the licensees to overcome the difficulties
together."
Mr Wu Shu, President of Dalian Marine Diesel Co Ltd, representing CSIC, thanked
Wärtsilä in his speech for the past co-operation and looks forward to further
strengthening it in the future. He mentioned especially the support that
Wärtsilä has given in the successful manufacture of the RT-series of engines,
and the newly developed Wärtsilä X72 engine for which Dalian Marine Diesel has
already won orders. "Through our joint efforts, even more advanced engines can
be developed", he said.
Martin Wernli, Managing Director of Wärtsilä Switzerland and Vice President,
Wärtsilä Ship Power 2-stroke, underlined this theme in his speech at the signing
ceremony. "Consistency in the terms and conditions under which we are working
together, and consistency in the personal relationships between the staff
members of our companies forms the basis of successful engine development,
production and sales. Consistency is also what we need in the current
challenging and rapidly changing market environment. In this way we can not only
maintain but also further improve customer satisfaction by designing,
manufacturing, selling and servicing world-class products with state-of-the-art
technology."
The first orders for Wärtsilä's new Generation X (long-stroke) engines have
already been received in China, the world's leader in merchant vessel
shipbuilding.
Read more about Wärtsilä Licensees
Link to picture
Caption: From left to right:
Mr Liu Shuangzhi, Deputy GM, Purchasing Dept., CSTC
Mr Guo Yabin, VP, GMD
Mr Zhang Haisen, Chairman of the Board & President, CME
Mr Kimihiko Sugiura, President, CMD
Mr Gu Jitong, VP, HHM
Mr Martin Wernli, Managing Director Wärtsilä Switzerland and VP Wärtsilä Ship
Power 2-stroke
Mr Wu Shu, President, DMD
Mr Zhao Zonghua, President, YMD
Mr Rien Hoogerbrugge, CEO, QMD
Mr Wu Jing, VP, CSOC
For further information please contact:
Mr Martin Wernli
Managing Director, Wärtsilä Switzerland
Vice President, Product Centre 2-stroke
Tel: +41 52 262 2686
martin.wernli(at)wartsila.com
Ms Mirja-Maija Santala
Media Manager
Wärtsilä Corporation
Tel. +358 400 793 827
mirja-maija.santala(at)wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2011, Wärtsilä's net sales
totalled EUR 4.2 billion with approximately 18,000 employees. The company has
operations in nearly 170 locations in 70 countries around the world. Wärtsilä is
listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
Chinese licence agreement:
http://hugin.info/131481/R/1667031/541127.jpg
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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1667031]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 215266
Anzahl Zeichen: 6172
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Wärtsilä extends licence agreements with long-term Chinese partners"
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