CSSC and Wärtsilä establish new Electrical & Automation joint venture
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 7 March 2017 at 9.30 am EET
Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have
signed a new joint venture company agreement. The new joint venture, to be known
as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), will focus on the
growing Chinese electrical & automation (E&A) market, especially for high-tech
ship applications. The joint venture company is expected to be fully operational
before the middle of 2017.
China is a growing market within the high-tech ships segment, and Chinese yards
are increasingly active in newbuild projects for high-tech and high-added value
ships. CWE&A will supply China based customers with Wärtsilä electrical and
automation systems and equipment for these ships. The business scope will
include project engineering, project management, commissioning and supply
management of automation, navigation and communication systems, dynamic
positioning systems, electric propulsion systems, power distribution systems,
entertainment systems, architectural lighting, safety and security systems, and
full systems integration.
"First of all, I wish to express my sincere appreciation to CSSC for their good
collaboration and visionary leadership. The CWE&A joint venture enables both
Wärtsilä and CSSC to serve our customers better here in the world's largest
shipbuilding market. Vessels are becoming more complex, with E&A solutions being
increasingly important, and as digitalisation enters the marine industry CWE&A
will be well positioned to meet the needs of its customers in this field," says
Jaakko Eskola, CEO of Wärtsilä.
"We have a history of good and open cooperation with Wärtsilä over many years,
and we can now look forward to another successful joint venture. Wärtsilä's
state-of-the-art technologies and our strong market position in China form the
foundation for being able to give our customers the best possible service with
advanced E&A solutions," says Mr Wu Qiang, President of CSSC.
The joint venture owners are CSSC Electronics Technology Co Ltd and Wärtsilä.
Link to image
Caption: The new joint venture company agreement is signed by Mr Yang Guobing,
Chairman of CSSC Electronics Technology Co., Ltd, Mr Ma Yunxiang, Vice chief
Economist, Director of Planning and Development Department, CSSC and Mr Stephan
Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions.
Media contacts:
Mr Stephan Kuhn
Vice President, E&A, Wärtsilä
Tel: +49 160 7133 737
Stephan.kuhn(at)wartsila.com
Mr James Han
Managing Director
Wärtsilä China
Tel: +86 13701708861
james.han(at)wartsila.com
Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund(at)wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers. In 2016,
Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2017 - 08:30 Uhr
Sprache: Deutsch
News-ID 528544
Anzahl Zeichen: 4190
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"CSSC and Wärtsilä establish new Electrical & Automation joint venture"
steht unter der journalistisch-redaktionellen Verantwortung von
Wärtsilä Oyj Abp (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
