|| Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent to establish a new joint venture company. The new joint venture will focus on China’s growing market for electrical & automation (E&A) solutions for marine applications. The joint venture company is expected to be operational at the beginning of 2017.
Link to release 17.3.2016
||Winterthur Gas & Diesel Ltd
||Wärtsilä and China State Shipbuilding Corporation (CSSC) had a joint venture, which took over Wärtsilä's 2-stroke engine business. Through the agreement, CSSC owned 70% of the business through its affiliate CSSC Investment and Development Co. Ltd, while Wärtsilä held a 30% ownership position. Wärtsilä divested its minority stake to CSSC in 2016.
Link to release 20.6.2016
Link to release 19.1.2015
Link to release 18.7.2014
||CSSC Wärtsilä Engine (Shanghai) Co. Ltd
||Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will be located at Lingang, Shanghai and is expected to have its first engine ready for delivery by the end of 2015. The company will in particular target the growing offshore and LNG markets, as well as the market for very large container vessels. The Wärtsilä share of the joint venture is 49 per cent and the size of Wärtsilä's equity investment is approximately EUR 12 million.
Link to release 18.7.2014
||Wärtsilä Yuchai Engine Co. Ltd
||Wärtsilä and Yuchai Marine Power Co. Ltd. (YCMP) have signed an agreement in Zhuhai, China to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City, Guangdong Province. The joint venture will serve the increasingly dominant Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines. Operations are planned to start in 2014. The value of Wärtsilä's investment in the joint venture is approximately EUR 17 million. The joint venture is subject to approval by the relevant authorities.
Link to release 28.5.2013
Link to release 20.12.2012
||Wärtsilä Hyundai Engine Company Ltd
||Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (liquefied natural gas) carriers. The total investment in the company will be EUR 58 million, Wärtsilä´s share being EUR 29 million. The name of the company is Wärtsilä Hyundai Engine Company Ltd and the location is South Korea.
Link to the release 23.1.2007
||Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd (QMD)
||Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) joint venture to manufacture large, low-speed marine engines in China. CSIC holds 50% of the joint venture, Wärtsilä 34% and Mitsubishi 16%. The joint venture is called Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd (QMD).
||Wärtsilä BLRT Services Klaipeda UAB
||Wärtsilä Corporation and the BLRT Grupp of Estonia joint venture to service ships in the Baltic area, owned 51% by Wärtsilä and 49% by the BLRT Grupp. Joint venture is called Wärtsilä BLRT Services Klaipeda UAB and it provides a single source of marine service covering all aspects of ship repair including servicing of engines, gearboxes, propellers, and other ship equipment. Wärtsilä BLRT Services Klaipeda UAB operates inKlaipeda, Lithuania.
||Wärtsilä Qiyao Diesel Company Ltd
||Wärtsilä and Shanghai Marine Diesel Engine Research Institute, an underlying company of China Shipbuilding Industry Corporation (CSIC), joint venture on manufacturing of Wärtsilä designed marine auxiliary engines in China. The 50/50 owned company is named Wärtsilä Qiyao Diesel Company Ltd. The assembly factory is located in the Shanghai area where the company manufactures defined Wärtsilä Auxpac generating sets for the growing shipbuilding market in China and and globally, and distributes them through Wärtsilä’s global sales network.
||Oü Ciserv BLRT Baltica
||Wärtsilä Corporation and the BLRT Grupp of Estonia joint venture to service ships in the Baltic area, owned 51% by Wärtsilä and 49% by the BLRT Grupp. Joint venture is called Oü Ciserv BLRT Baltica and it provides a single source of marine service covering all aspects of ship repair including servicing of engines, gearboxes, propellers, and other ship equipment. Ciserv BLRT Baltica operates in Tallinn, Estonia.
||Wärtsilä-CME Zhenjiang Propeller Co. Ltd
||Propeller manufacturing joint venture company 55% -owned by Wärtsilä and 45% -owned by CME. The name of the company is Wärtsilä-CME Zhenjiang Propeller Co. Ltd. The joint venture is located in Zhenjiang some 220 km west of Shanghai.