WÄRTSILÄ OYJ Wärtsilä Corporation, Press release, 3 September 2014 at 10 am EET
A licence agreement covering the manufacture and sales of Wärtsilä 2-stroke engines has been signed between Wärtsilä Switzerland Ltd and China based Jangsu Antai Power Machinery Co. Ltd. (JAD). JAD is the former large horse-power division of Wuxi Diesel Engine Plant.
Under the terms of this agreement, JAD will be able to manufacture and sell the entire portfolio of Wärtsilä 2-stroke engines. Initially, JAD will focus on small and mid-sized engines up to and including the Wärtsilä X-72 bore engines. It is expected that the manufacturing capacity of JAD will make a significant contribution to the delivery of Wärtsilä low-speed marine engines to the large and still growing Chinese shipbuilding industry.
"We are delighted to establish this co-operation with one of China's major engine producers. Jangsu Antai Power has a well-deserved reputation for quality, and together we can serve our customers in China with faster delivery of Wärtsilä engines featuring the very latest technology," says Martin Wernli, Vice President, 2-stroke, Wärtsilä Ship Power and Managing Director of Wärtsilä in Switzerland.
JAD was awarded ISO 9001 quality system certification as early as 1996, and is approved by CCS, BV, GL and other classification societies.
The agreement was signed at a ceremony in Jingjiang City, China by Chen Guochong, Chairman of JAD and Martin Wernli, Wärtsilä Ship Power.
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Caption: The agreement was signed by Mr Chen Guochong, Chairman JAD and Mr Martin Wernli, Vice President, 2-stroke, Wärtsilä Ship Power and Managing Director of Wärtsilä in Switzerland.
Media contacts:
Mr Martin Wernli
Vice President, 2-stroke, Wärtsilä Ship Power and
Managing Director of Wärtsilä in Switzerland
Tel: +41 52 2622686
martin.wernli@wartsila.com
Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Ship Power
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers.
In 2013, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com
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