Wärtsilä and MHI to Form Alliance
Wednesday, September 28, 2005
Wärtsilä Corporation and Mitsubishi Heavy Industries Ltd (MHI) have signed an agreement for an alliance in the field of two-stroke diesel engines.
The two companies will share their resources and experience for improved business. Various possibilities will be explored in research and development as well as in the efficiency of production and distribution of jointly developed two-stroke diesel engines.
The alliance will be led by a Steering Committee. The Chairman of the Steering committee is a representative of Wärtsilä and the Vice Chairman is a representative of MHI.
Wärtsilä and MHI both have wide portfolios of low-speed, two-stroke diesel engines. Wärtsilä's RTA and RT-flex engines cover the power range of 5000 to 80,000 kW and MHI's UE engines the range of 1,120 to 46,800 kW. In addition to MHI's own developed UE engines, MHI has over the years been extensively involved in the building and testing of the two-stroke engines designed by Wärtsilä.
This agreement is the continuation of the successful joint development of new 50 cm bore two-stroke engines started in 2004.