The European Commission's competition authorities have cleared the joint venture being formed by Wärtsilä, China Shipbuilding Industry
Corporation (CSIC) and Mitsubishi Heavy Industries
The joint venture will manufacture large low-speed marine engines in China. CSIC's ownership in the the joint venture will be 50%, Wärtsilä's 27% and MHI's 23%. The production is expected to start in the fourth quarter of 2008.