History Last Modified 13.02.2007

History

History of Wärtsilä in China

1982   Developing agent relationship with Kemklen Industrial Suppliers Ltd., Hong Kong.
1986   Establishing Wärtsilä Diesel (China) Ltd., Hong Kong as Joint Venture with Kemklen.
1991   Wärtsilä Diesel (China) Ltd., Hong Kong became a wholly owned company under Wärtsilä Diesel Finland Oy, Helsinki.
1994   Establishing Shanghai Representative Office, Beijing Representative Office, Wärtsilä Diesel Panyu Service Station (Joint Venture).
1995   Setting up Hong Kong Service Station.
1996   First Investment in Taicang Electric Power Co., Ltd. (partial ownership).
1997   Merging with New Sulzer Diesel Hong Kong Ltd.
1998   Establishing Dalian Representative Office.
1999   Upgrading Shanghai Representative Office to Wärtsilä NSD Engine (Shanghai) Ltd. with business scope of trading and servicing.
Setting up Waigaoqiao Workshop in Shanghai.
2002   Integration of John Crane-Lips operation in Shanghai following global acquisition in April 2002.
2004   Wärtsilä-CME Zhenjiang Propeller Co. Ltd. founded in June. In the JV Wärtsilä has 55% and CME has 45% ownership.
2005  

Wärtsilä acquired Deutz' medium and high speed engine marine service business and start to handle the business from April.
Inauguration of Wärtsilä Propulsion (Wuxi) Co. Ltd. (wholly owned) in June

2006 Inauguration of Wärtsilä Qiyao Diesel (Shanghai) (a 50/50 JV with CSIC SMDERI to manufacture Wärtsilä Auxpac marine generating sets) in June.
2006   Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co., Ltd. (QMD), the joint venture among CSIC, Wärtsilä and Mitsubishi, will deliver its first product at the end of 2008.