Wärtsilä and 3. Maj renew licence agreement o...

Wärtsilä Corporation, Trade and Technical Press release, 6 May 2009

Wärtsilä Corporation and 3. Maj Shipbuilding Industry Ltd of Croatia
have signed a ten-year renewal of the existing licence agreement for
the marketing, sale, manufacturing and servicing of Wärtsilä
low-speed marine diesel engines. The low-speed engine business of 3.
Maj is handled by 3. Maj Engines & Cranes Joint Stock Company in
Rijeka, Croatia. Wärtsilä Corporation is the leading system
integrator in the marine industry.

The licence agreement is a basis for the continuous transfer of
innovative diesel engine technology and technical assistance for
manufacturing from Wärtsilä to 3. Maj. In addition to sales to the
domestic Croatian market, the agreement also secures access to key
export markets in Europe and North America. This licence agreement is
of strategic importance as it confirms 3. Maj's position as one of
the leading manufacturers of low-speed diesel engines in Europe. The
partnership between Wärtsilä and 3.Maj goes back to an agreement
signed in 1954.

Although 3. Maj has the capacity to build any size of Wärtsilä
low-speed engine up to about 840 mm cylinder bore, the company has
concentrated in recent years on engines in the 480 to 720 mm bore
range. Most recently 3. Maj has built Wärtsilä RT-flex engines, which
incorporate the very latest electronically-controlled common rail
technology.

3. Maj's capabilities as manufacturer of two-stroke engines were
highlighted in 2008, when 3. Maj delivered to Wärtsilä the full-size,
state-of-the-art RTX-4 research and test engine for Wärtsilä's Diesel
Technology Centre in Winterthur, Switzerland. This engine
incorporates some of the most advanced technological features for
two-stroke diesel engines and will be used to develop the next
generation of the Wärtsilä low speed engines. In 2009, 3. Maj will
deliver 14 engines of the Wärtsilä RTA48T-B and RT-flex50 types.

Related information:
Press release 30 May 2008:
Wärtsilä inaugurates new full-sized research engine in Winterthur,
Switzerland


Media contact:
Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel:       [phone]
Direct fax:      [phone]
e-mail:            [e-mail]
Internet:          www.wartsila.com


Further information about 3. Maj at:www.3maj.hr


Wärtsilä Corporation 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 maximises the environmental
and economic performance of the vessels and power plants of its
customers.
In 2008, Wärtsilä's net sales totalled EUR 4.6 billion with 19,000
employees. The company has operations in 160 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX
Helsinki, Finland.
www.wartsila.com


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