Vietnamese engine-builder joins Wärtsilä’s licensee family

Wärtsilä Corporation
  • Press release
8 May 2007 at 11:00 AM E. Europe Standard Time

At a ceremony today in Hanoi, Vietnam, Wärtsilä and Vietnam Shipbuilding Industry Corporation (Vinashin) signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine 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”, emphasized 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.

For further information, please contact Ms Eeva Kainulainen, VP Corporate Communications, tel. +358 10 709 5235.

This is the shorter of two versions of this press release. The longer version contains more technical information. Both are available at http://www.wartsila.com

Wärtsilä in brief

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 14,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.

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