Wärtsilä receives order for 50 propellers in China

Wärtsilä Corporation, Press release, 27 September 2006 at 10:00 UTC+2

At the beginning of September the joint-venture company Wärtsilä CME Zhenjiang Propeller Co. Ltd. in China received an order for fifty fixed pitch propellers (FPP) to be delivered to two shipyards, New Century Shipyard and New Times Shipbuilding Co. Ltd., in Jiangsu Province, China. The order is worth EUR 17 million (RMB 153 million).The propellers will be manufactured at the Wärtsilä CME propeller factory in Zhenjiang, Jiangsu Province, China.

With weights ranging from 28 – 73 tons, the propellers are designated for the propulsion of a large series of vessels including 46 tankers and 4 container vessels, all being built at New Century Shipyard and New Times Shipbuilding for various customers. The vessels will be delivered between 2007 and 2009.

This order comes at a time when Wärtsilä CME is investing EUR 8 million in a new propeller foundry in Zhenjiang. The investment will enable Wärtsilä CME to supply complete FPP and shaft line packages, as well as blades and hubs for controllable pitch propeller installations. The foundry will have an annual output capacity of more than 4000 tons and will be able to produce FPPs with a weight of up to 140 tons. The new plant will be ready in June 2007.

The above order marks another milestone in the success of the joint venture established in mid-2004by Wärtsilä’s wholly owned company Wärtsilä Propulsion and Zhenjiang CME Co. Ltd (CME), wholly owned by the China State Shipbuilding Corporation. The joint-venture company is 55%-owned by Wärtsilä and 45%-owned by CME.

For further information, please contact Mr Jari Salo, Vice President, Propulsion, tel. +31-416-638 8575 or Mobile +31 6 5101 6594

Welcome to meet us at the SMM exhibition in Hamburg, 26-29 September, stand no. 132, Hall A3!

Notes to the editor:

Fixed pitch propeller (FPP)= A monoblock (cast in one piece) propeller optimized for only one operating condition

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 12.000 professionals manning 130 Wärtsilä offices in over 60 countries around the world.