Wärtsilä and Hitachi Renew Co-operation Agreement
Wärtsilä and Hitachi Zosen Corporation of Japan signed a ten-year renewal of the existing co-operation agreement for the marketing, sale, manufacturing and servicing of Wärtsilä low-speed marine diesel engines.
Hitachi's low-speed engine business is handled by the group company Hitachi Zosen Diesel & Engineering Co Ltd at its Ariake Machinery Works in Kumamoto Prefecture, Japan. The license co-operation agreement is a basis for the exchange of diesel engine technology between Wärtsilä and Hitachi. It defines and regulates intellectual property rights. It also sets out the delivery and feedback of technical information and support. Such license agreements allow synergies to the participating companies through aggregating research, development and design with the licensor while distributing and localizing manufacture to licensees in separate countries.
The partnership with Hitachi goes back to an agreement signed in November 1956. More recently, it was reinforced in 2008 when Hitachi began the manufacture of RT-flex low-speed marine diesel engines which incorporate the very latest electronically-controlled common rail technology. Hitachi is currently focusing on the manufacture of electronically-controlled engines (RT-flex types) and is building a series of RT-flex50 engines for installation in new ships being constructed in China and Brazil.
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