Wärtsilä enters into licence agreement with C...

Wärtsilä Corporation, Trade and Technical Press release, 19 July 2011

Wärtsilä Corporation, the marine industry's leading solutions provider, and CSSC
Guangzhou Marine Diesel Co.Ltd (GMD), a member of the state-owned China State
Shipbuilding Corporation (CSSC) Group, have jointly signed a licence agreement
for the manufacture and sale of Wärtsilä 2-stroke engines in China. It covers
the entire engine portfolio with a power range of between 4,300 and more than
80,000 kW per engine. The signing ceremony took place on July 19 in Guangzhou,
China and was attended by representatives of both companies, headed by Mrs. Lu
Xiaoyan, Vice President of CSSC and Dr. Martin Wernli, President of Wärtsilä
Switzerland Ltd.

"China's burgeoning growth in shipbuilding capacity during recent years has
stimulated the rapid development of the marine diesel engine market. We are,
therefore, delighted to have formed this partnership with CSSC Guangzhou Marine
Diesel Engine Co., Ltd, and have every confidence that this agreement will
enhance Wärtsilä's presence in this region," said Dr. Martin Wernli, President
Wärtsilä Switzerland Ltd.

With the shipbuilding industry increasingly concentrated in Asia, the local
manufacture of Wärtsilä's marine engines is a key element in the company's
growth strategy. GMD is based in the Panyu District, close to the major Chinese
city of Guangzhou and the special administrative region of Hong Kong.
Established in 2008, the company has state-of-the art production, testing and
workshop facilities making it an ideal partner for Wärtsilä in targeting the
Chinese shipbuilding market.

"CSSC and Wärtsilä have been working together for 33 years, going back to July
17, 1978. This co-operation has been a factor in promoting the fast development
of China's engine manufacturing industry, leading to a win-win situation for
both companies," said Mr. Guo Xiwen, Chief Economist of CSSC.

Wärtsilä expects the first engines to be produced at the end of this year.
Wärtsilä's world-wide network of licensees
Wärtsilä has established a world-wide network of 18 licensees for manufacturing
2-stroke engines. These are located mainly in Asia (Japan, Korea, China,
Vietnam), but also in Europe (Croatia, Poland and Russia) and South America
(Brazil). The Wärtsilä brand low-speed engines are developed, designed,
promoted, licenced, marketed and serviced by Wärtsilä in Switzerland. The
engines are produced by specialized engine manufacturing companies under licence
from Wärtsilä. The licensees market, manufacture, test and sell the engines
under agreed conditions. Wärtsilä continuously supports its licensees in all
phases of production and in their sales projects.
Link to picture
From left to right: Mr Zhang Haisen, GM CME; Mr Shao Yu, Deputy GM CMD; Mr Qin
Wenquan, GM HHM; Mr Andrew Stump, Business Manager - Merchant, Ship Power
Wärtsilä China; Mr Urs Huwiler, License Director China Wärtsilä China; Mr Martin
Wernli, President Wärtsilä Switzerland; Mrs Lu Xiaoyan, VP CSSC; Mr Perttu
Henttonen, Director Licence Contracts & Legal Compliance Wärtsilä Switzerland;
Mr Guo Xiwen, Chief Economist CSSC; Mr Yu Baoshan, Board Chairman GMD; Mr Cao
Minghua, GM Purchasing Dept. CSTC


For further information, please contact:

Dr. Martin Wernli
President, Wärtsilä Switzerland
Tel: [phone]
[e-mail]


Tuula Franck
Senior Manager, Media and Stakeholder Relations
Wärtsilä Corporation
Tel. +358 400 267 555
[e-mail]


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 2010, Wärtsilä's net sales totalled EUR 4.6 billion with more than 17,500
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




Licence agreement: 


http://hugin.info/131481/R/1531848/466337.jpg




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Source: Wärtsilä Oyj Abp via Thomson Reuters ONE

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