CSIC Forms Joint Venture with Wartsila

Wartsila Qiyao Diesel Co Ltd (Shanghai), a joint-venture between Finland-based Wartsila and the China Shipbuilding Industry Corporation (CSIC), was inaugurated on June 29. With paid-up capital of 250 million yuan, the company is located in Shanghai's Lingang Industrial Park, Nanhui District, and will mainly manufacture Wartsila's Auxpac generating sets. Source: Shanghai Daily News