Wärtsilä and Zhuhai Yuchai Marine Power Sign License Agreement
Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly signed a license agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by Zhuhai Yuchai Marine Power in China.
The agreement grants Zhuhai Yuchai Marine Power the right to manufacture all sizes of Wärtsilä RT-flex modern low-speed engine types at its new factory in Zhuhai City, Guangdong province. However, Zhuhai Yuchai Marine Power will focus on engines of 35 to 50 cm cylinder bore. The main attraction of the new license agreement for Zhuhai Yuchai Marine Power is Wärtsilä's program of RT-flex engines with common-rail technology. This is the latest and most modern technology for low-speed diesel engines incorporating full electronic control of engine processes.
The new manufacturing capacity of Zhuhai Yuchai Marine Power will make a significant contribution to the delivery of Wärtsilä low-speed marine engines to the growing shipbuilding industry in China. The first engines are planned to be completed in November 2011. The agreement was signed in Zhuhai City in Guangdong province by Mr Jiang Shihong, Chairman of Zhuhai Yuchai Marine Power, and Mr Martin Wernli, President of Wärtsilä in Switzerland. "Zhuhai Yuchai Marine Power is looking forward to building Wärtsilä low-speed engines. The new agreement makes it possible for our company to deliver today's most advanced low-speed diesel engines to our shipyard customers. It will extend our product portfolio and put our company right among the leading suppliers of marine equipment to the Chinese shipbuilding industry", said Mr Jiang Shihong.
The Wärtsilä RT-flex technology provides great flexibility in engine setting for lower fuel consumption, lower minimum running speeds, smokeless operation at all running speeds, and better control of other exhaust emissions. Support for the manufacture of Wärtsilä low-speed engines will be provided by Wärtsilä's Switzerland company which is the group's center of excellence for the design, development, research, marketing, licensing, servicing and support of Wärtsilä low-speed engines.
For more information: www.wartsila.com