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Wärtsilä in China joint venture

Signing the agreement are Yang Guobing, CSSC Electronics Technology, Ma Yunxiang, CSSC, and Stephan Kuhn, Wärtsilä Marine Solutions Signing the agreement are Yang Guobing, CSSC Electronics Technology, Ma Yunxiang, CSSC, and Stephan Kuhn, Wärtsilä Marine Solutions

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement to focus on the growing Chinese electrical & automation (E&A) market, especially for high-tech ship applications.

{mprestriction ids="1,2"}The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), is expected to be fully operational before the middle of 2017.

Wärtsilä sees China as a growing market within the high-tech ships segment, with Chinese yards increasingly active in newbuild projects for high-tech and high-added value ships. To take advantage of this, CWE&A will supply China based customers with Wärtsilä electrical and automation systems and equipment including navigation and communication systems, dynamic positioning systems, electric propulsion systems, safety and security systems, and offer full systems integration.

“First of all, I wish to express my sincere appreciation to CSSC for their good collaboration and visionary leadership,” says Jaakko Eskola, CEO of Wärtsilä.

“The CWE&A joint venture enables both Wärtsilä and CSSC to serve our customers better here in the world’s largest shipbuilding market. Vessels are becoming more complex, with E&A solutions being increasingly important, and as digitalisation enters the marine industry CWE&A will be well positioned to meet the needs of its customers in this field.”

The joint venture is owned by CSSC Electronics Technology Co Ltd and Wärtsilä.{/mprestriction}

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