Wärtsilä, China Shipbuilding Industry Corporation and Mitsubishi Heavy Industries in joint manufacturing of low-speed engines in China

Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) are establishing a joint venture to manufacture large, low-speed mareine engines in China. CSIC will hold 50% of the joint venture, Wärtsilä 27% and Mitsubishi 23%. The investment will total around 75 million euros, spread over several years. Production is scheduled to start during the fourth quarter of 2008.

 Stock Exchange Release  (pdf)

A press conference was held on 29 September 2006 in Hamburg.

See the recording of the press conference here

 Presentation by Ole Johansson  (pdf)

 Presentation by Hiroo Uchimura  (pdf)