Construction Begins for Wärtsilä's Joint Venture Company's

Marinelink.com
Tuesday, May 28, 2013

Wärtsilä Yuchai Engine Co., Ltd, the joint venture owned 50/50 by Wärtsilä and Yuchai Marine Power Co. Ltd., has begun construction of its new production facilities with a groundbreaking ceremony in  Zhuhai City, Guangdong Province of China.


The agreement to establish the joint venture was signed in December 2012. The company will manufacture medium-speed marine engines to serve the increasingly dominant Chinese shipbuilding industry. The products to be manufactured by the joint venture company will include the Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 series of medium speed engines. Production is planned to start in 2014.


"Today marks an important step towards our goal to serve our customers in the Chinese shipbuilding market in the best possible way. The combination of Wärtsilä's industry leading technology and Yuchai's position as the leading high speed engine manufacturer in China, will provide strong competence in manufacturing, sourcing and market access," said Björn Rosengren, President & CEO of Wärtsilä Corporation, attending the ceremony in Zhuhai.


Yan Ping, Chairman of the Board of Directors, Yuchai Group, added, "Both the Yuchai Group and Wärtsilä are committed to building up the most efficient high-end medium speed engine production base in China by combining the strengths of both parties. The project is envisioned to be a role model for cooperation between China and a leading international partner in the field of advanced diesel engines."


The Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines are established on the market and are known for their reliability, fuel efficiency and low levels of exhaust emissions, the manufacturer said. They are also fully optimized for today's flexible manufacturing methods. All three engines are fully compliant with the IMO Tier II exhaust emission regulations as set out in Annex VI of the MARPOL 73/78 convention.

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Marine Power

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

General Dynamics Wins US Navy Award for F/A-18 Mission Computers

General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $16.2 million contract by the U.S. Navy to produce Type-3 Advanced

Vroon’s VOS Famous Launched

Vroon’s newbuilding ERRV, VOS Famous, was launched in China yesterday. This 50-m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard.

News

ICC Conference Focuses on Platform to Settle Disputes

The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around

Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit,

EMGS - New Contract in the Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) announced an agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received a new contract from another oil and gas company worth USD 1.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Simulators 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: 0.1540 sec (6 req/sec)