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Second Wärtsilä Joint Venture

Posted on March 1, 2006

Wärtsilä Corporation and the BLRT Grupp of Estonia will announced a second joint venture to service ships in the Baltic area. The joint venture will be owned 51% by Wärtsilä and 49% by the BLRT Grupp and will be named Wärtsilä BLRT Services Klaipeda UAB. It will provide a single source of marine service covering all aspects of ship repair including servicing of engines, gearboxes, propellers, and other ship equipment. The company will operate in Klaipeda, Lithuania and will provide services to customers with full shipyard repair facilities in the Baltic region.

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