Wärtsilä signed licence manufacturing agreement with Brazilian company

Wärtsilä Corporation, Press release 11 January 2006 at 16:00 UTC+2

Wärtsilä has signed an engine licence manufacturing agreement with NUCLEP (Nuclebrás Equipamentos Pesados S.A.) in Brazil. The agreement allows Nuclep to manufacture certain types of common-rail, low-speed two-stroke marine engines. 

”This agreement will create new opportunities for us in the growing Brazilian shipbuilding market. We are looking forward to co-operating with Nuclep,” says Mr Ole Johansson, President and CEO of Wärtsilä Corporation.

”Since marine engines have not been manufactured in Brazil since 1996, this agreement represents an important milestone for Brazil,” says Nucleb’s President, Mr Jaime Wallwitz Cardoso. The company aims to produce from six to ten engines a year. Delivery of the first Wärtsilä engine is scheduled to take place at the beginning of 2008.

This agreement brings to thirteen the total number of licence manufacturing agreements Wärtsilä has made with major shipyards.

Further information: Eeva Kainulainen, Vice President, 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.