Wärtsilä, Yuchai Marine Power Sign Joint Venture
Agreement to focus on manufacturing medium-speed marine engines
Wärtsilä and Yuchai Marine Power Co. Ltd., a subsidiary of Guangxi Yuchai Group, have signed an agreement in Zhuhai, China to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City, Guangdong Province.
The €17 million joint venture will serve the Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines. Operations are planned to start in 2014.