Wärtsilä enters into licence agreement with CSSC Guangzhou Marine Diesel Engine Co. Ltd for manufacture of Wärtsilä 2-stroke engines in China
Wärtsilä Corporation and CSSC Guangzhou Marine Diesel Co. Ltd (GMD), a member of the state-owned China State Shipbuilding Corporation (CSSC) Group, have 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.
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 advanced production, testing and workshop facilities making it a strong partner for Wärtsilä in targeting the Chinese shipbuilding market.
Wärtsilä expects the first engines to be produced at the end of this year.
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, licensed, 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.