Wärtsilä and Zhuhai Yuchai Marine Power sign ...
Wärtsilä Corporation, Trade & Technical Press release, 15 October
2009
Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a
subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly
signed a licence agreement for the manufacture and sale of Wärtsilä
RT-flex low-speed marine diesel engines by Zhuhai Yuchai Marine Power
in China.
The agreement grants Zhuhai Yuchai Marine Power the right to
manufacture all sizes of Wärtsilä RT-flex modern low-speed engine
types at its new factory in Zhuhai City, Guangdong province. However,
Zhuhai Yuchai Marine Power will focus on engines of 35 to 50 cm
cylinder bore. The main attraction of the new licence agreement for
Zhuhai Yuchai Marine Power is Wärtsilä's programme of RT-flex engines
with common-rail technology. This is the latest and most modern
technology for low-speed diesel engines incorporating full electronic
control of engine processes.
The new manufacturing capacity of Zhuhai Yuchai Marine Power will
make a significant contribution to the delivery of Wärtsilä low-speed
marine engines to the growing shipbuilding industry in China. The
first engines are planned to be completed in November 2011.
The agreement was signed in Zhuhai City in Guangdong province by Mr
Jiang Shihong, Chairman of Zhuhai Yuchai Marine Power, and Mr Martin
Wernli, President of Wärtsilä in Switzerland.
"Zhuhai Yuchai Marine Power is looking forward to building Wärtsilä
low-speed engines. The new agreement makes it possible for our
company to deliver today's most advanced low-speed diesel engines to
our shipyard customers. It will extend our product portfolio and put
our company right among the leading suppliers of marine equipment to
the Chinese shipbuilding industry", said Mr Jiang Shihong.
"Wärtsilä is pleased to be able to establish this partnership with a
company in the well respected Guangxi Yuchai Machinery Group and to
increase the manufacturing volume for smaller Wärtsilä common-rail
low-speed engines. We look forward to a long-lasting fruitful
partnership", said Mr Martin Wernli.
The new licensee is located at Zhuhai City in Guangdong Province.
Founded in 1951, Guangxi Yuchai Machinery Group, the parent company
of the new licensee, is located at Yulin City in Guangxi province in
south-west China. Guangxi Yuchai Machinery Group is the largest
manufacturer of and the market leader for automotive four-stroke
diesel engines in China. The new licensee is building a new factory
on a 330,000 m2 site at Fushan Industry Zone, Zhuhai City, for the
manufacture of low-speed engines. The new factory will have an
initial capacity to build engines with an aggregate output of about
1.2 million brake horsepower (885 MW), later increasing to three
million bhp (2205 MW).
Wärtsilä RT-flex marine low-speed engines bring direct benefits to
shipowners. The new technology provides great flexibility in engine
setting for lower fuel consumption, lower minimum running speeds,
smokeless operation at all running speeds, and better control of
other exhaust emissions.
Support for the manufacture of Wärtsilä low-speed engines will be
provided by Wärtsilä's Switzerland company which is the group's
centre of excellence for the design, development, research,
marketing, licensing, servicing and support of Wärtsilä low-speed
engines.
Pictures from the signing ceremony will be available later on
www.wartsila.com/press.
Media contacts:
Mr Martin Wernli
President
Wärtsilä Switzerland Ltd
Direct tel: +41 52 262 2686
e-mail: martin.wernli@wartsila.com
Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com
Internet: www.wartsila.com
Mr Jiang Shihong
Chairman of the Board
Zhuhai Yuchai Marine Power Co Ltd
Direct tel: +86 756 5888688
e-mail: jsh@yuchai.cn
Internet: www.yuchai.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 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
Guangxi Yuchai Machinery Group Co Ltd in brief
Founded in 1951, Guangxi Yuchai Machinery Group is located in Yulin,
Guangxi, which enjoys the fine reputation of being "ancient
prefecture for a thousand years & city in the south of the
mountains". Now it possesses 37 solely-owned, holding or
equity-participating subsidiaries, employs a staff of 16,000 and has
total assets of RMB13.4 billion. Today Guangxi Yuchai Machinery Group
has the largest independent production base of diesel engines in the
world and is the largest manufacturer and exporter of medium- and
small-sized construction machinery in China, being known as "the
Chinese capital of green power".
www.yuchai.com
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