Construction begins for Wärtsilä's joint venture company's new production facilities in China
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 28 May 2013 at 1 pm EET
Wärtsilä Yuchai Engine Co., Ltd, the joint venture owned 50/50 by Wärtsilä and
Yuchai Marine Power Co. Ltd., today began construction of its new production
facilities with a groundbreaking ceremony in Zhuhai City, Guangdong Province of
China.
The agreement to establish the joint venture was signed in December 2012. The
company will manufacture medium-speed marine engines to serve the increasingly
dominant Chinese shipbuilding industry. The products to be manufactured by the
joint venture company will include the Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32
series of medium speed engines. Production is planned to start in 2014.
"Today marks an important step towards our goal to serve our customers in the
Chinese shipbuilding market in the best possible way. The combination of
Wärtsilä's industry leading technology and Yuchai's position as the leading high
speed engine manufacturer in China, will provide strong competence in
manufacturing, sourcing and market access," said Björn Rosengren, President &
CEO of Wärtsilä Corporation, attending the ceremony in Zhuhai.
Yan Ping, Chairman of the Board of Directors, Yuchai Group, added: "Both the
Yuchai Group and Wärtsilä are committed to building up the most efficient high-
end medium speed engine production base in China by combining the strengths of
both parties. The project is envisioned to be a role model for cooperation
between China and a leading international partner in the field of advanced
diesel engines."
The Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines are all well established on
the market, and are known for their reliability, fuel efficiency and low levels
of exhaust emissions. They are also fully optimized for today's flexible
manufacturing methods. All three engines are fully compliant with the IMO Tier
II exhaust emission regulations as set out in Annex VI of the MARPOL 73/78
convention.
Wärtsilä press release 20 December 2012: Wärtsilä and Yuchai Marine Power
establish joint venture for manufacturing medium-speed engines in China
For further information, please contact:
Atte Palomäki
Executive Vice President, Communications & Branding
Wärtsilä Corporation
Tel. +358 40 547 6390
atte.palomaki(at)wartsila.com
Contact for Wärtsilä in China
James Han
President
Wärtsilä China Ltd.
Tel: +86-21-5858 5500 ext. 888
james.han(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 2012, Wärtsilä's net sales
totalled EUR 4.7 billion with approximately 18,900 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
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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1705069]
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 263910
Anzahl Zeichen: 3877
contact information:
Town:
Helsinki
Kategorie:
Business News
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