Vietnamese engine-builder joins Wärtsilä’s licensee family

Wärtsilä Corporation, Trade press release 8 May 2007 at 03:01 UTC+2

At a ceremony today in Hanoi, Vietnam, Vietnam Shipbuilding Industry Corporation (Vinashin) and Wärtsilä Switzerland Ltd, a subsidiary of Wärtsilä Corporation, jointly signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines in Vietnam.

The agreement was signed by Mr Pham Thanh Binh, Chairman & CEO of Vinashin and Mr Martin Wernli, President of Wärtsilä Switzerland Ltd.

“Through signing this agreement, Vinashin looks forward to a long-term partnership with Wärtsilä and thus together deliver to shipowners modern vessels with high quality and the best engine technologies from Wärtsilä” said Mr Pham Thanh Binh of Vinashin.

“With this agreement, Vinashin is welcomed into the Wärtsilä family of licensees building Wärtsilä low-speed engines. We look forward to many years of fruitful co-operation”, emphasised Mr Martin Wernli, Wärtsilä Switzerland Ltd.

The agreement grants Vinashin the right to manufacture certain types of Wärtsilä modern low-speed engine types between 48 and 82 cm bore size at their works in Vietnam. The first delivery of a Wärtsilä engine is scheduled for the beginning of 2010, with production building up to a targeted annual output of 30 to 40 engines.

This licence agreement provides the growing Vietnamese shipbuilding industry with the latest technology for low-speed diesel engines including the most modern electronically-controlled common-rail technology.

Support for the manufacture of Wärtsilä low-speed engines will be provided by Wärtsilä’s Switzerland company which is the group’s centre of excellence for the design, development, research, marketing, licensing, servicing and support of Wärtsilä low-speed engines.

Prior to this licence agreement, Wärtsilä low-speed engines had already been ordered by Vinashin for import from Japan and Poland. Two 56,000 tdw bulk carriers are being built by Vinashin for Dutch owners, with each vessel being powered by a six-cylinder Wärtsilä RT-flex50 engine. They are due for delivery in 2008.


Information for editors:
About Wärtsilä Corporation
Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 13,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.

About Vietnam Shipbuilding Industry Corporation (Vinashin)
Vinashin Shipbuilding Industry Corporation was established by the Vietnam Government in 1996 and now has 122 subsidiaries in shipbuilding and the manufacture of marine equipment. It directly owns 23 shipyards and has shareholdings in other joint-venture shipyards, including the largest repair yard in South-East Asia, Hyundai-Vinashin JV Shipyard that can dry-dock vessels up to 400,000 tdw.

Media contacts:

Martin Wernli
Wärtsilä Switzerland Ltd
Direct tel: +41 52 262 2686

Nguyen Quoc Anh
Chief Business Officer
Vietnam Shipbuilding Industry Group (Vinashin)
Direct tel: +84 4 843 9816

Marit Holmlund-Sund
Public Relations Manager
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425