Wärtsilä to start propeller manufacture in China

Tuesday, December 02, 2003
Wärtsilä will begin manufacturing propellers in China. Wärtsilä's wholly owned company Wärtsilä Propulsion and Zhenjiang CME Co. Ltd (CME), wholly owned by the China State Shipbuilding Corporation (CSSC), have signed a contract to establish a joint venture company. The company will be 55%-owned by Wärtsilä and 45%-owned by CME and its name will be Wärtsilä-CME Zhenjiang Propeller Co. Ltd. "China's shipbuilding industry is growing rapidly and 15% of new ships are currently built in the country. China also is developing into a significant production country for ship equipment. The propeller manufacturing in China is Wärtsilä's first step in developing its production in this growing market", says Wärtsilä's President and CEO Ole Johansson. CSSC is the leading shipbuilding corporation in China. For CSSC it is important to create a network of competitive component suppliers for increasingly demanding ships. With Wärtsilä's design and expertize and CME's manufacturing skills the companies will create a competitive propeller supplier which has great growth opportunities in the global market. The company will produce LIPS and Kaida brand propellers. The joint venture's market area will the whole world. The joint venture will commence operations in CME's premises in Zhenjiang some 220 km west of Shanghai. The Chinese party will provide the plant's production equipment and personnel, while Wärtsilä's contribution will be the design and manufacturing expertise. Operation is expected to be started early next year after the requisite business licenses are received. The management will come from CME and Wärtsilä. The new company will have approximately 270 employees.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Schmiedag and Wildauer Schmiedewerke: 'We Forge Partnerships'

Olaf Wiertz, Sales Director at Schmiedag GmbH (SDG) and Wildauer Schmiedewerke GmbH & Co. KG (WSW) said: “We are more than just a supplier to our customers – we are their partner.

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

Rolls-Royce Propulsion for Polar Research Vessel

Rolls-Royce informs it has been awarded a contract by shipbuilder Fincantieri to supply a fully integrated propulsion system for Norway’s new Polar Research Vessel,

CAD/CAM

3D Machining Puts Wind in the Sails

With ESPRIT CAM software, Armor Mécanique has the wind in its sails; 50% time savings, better quality and new markets thanks to 3D machining Established in 1984

SENER to Debut Latest FORAN Release at SINAVAL

SENER informs it will take active part in SINAVAL-EUROFISHING from April 21-23, a fair held every two years in Bilbao.   During the exhibition, SENER will present

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1694 sec (6 req/sec)