Wärtsilä, China State Shipbuilding Corp. Sign JV

By Jack Burke07 March 2017

Technology group Wärtsilä and China State Shipbuilding Corp. (CSSC) have signed a new joint venture company agreement that will focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications.

The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co. Ltd. (CWE&A), is expected to be fully operational by the middle of 2017.

China is a growing market within the high-tech ships segment, and Chinese yards are increasingly active in newbuild projects for high-tech and high-added value ships, the companies said. CWE&A will supply China-based customers with Wärtsilä electrical and automation systems and equipment for these ships. The business scope will include project engineering, project management, commissioning and supply management of automation, navigation and communication systems, dynamic positioning systems, electric propulsion systems, power distribution systems, entertainment systems, architectural lighting, safety and security systems, and full systems integration.

“First of all, I wish to express my sincere appreciation to CSSC for their good collaboration and visionary leadership. The CWE&A joint venture enables both Wärtsilä and CSSC to serve our customers better here in the world’s largest shipbuilding market. Vessels are becoming more complex, with E&A solutions being increasingly important, and as digitalisation enters the marine industry CWE&A will be well positioned to meet the needs of its customers in this field,” said Jaakko Eskola, CEO of Wärtsilä.

“We have a history of good and open cooperation with Wärtsilä over many years, and we can now look forward to another successful joint venture. Wärtsilä’s state-of-the-art technologies and our strong market position in China form the foundation for being able to give our customers the best possible service with advanced E&A solutions,” said Wu Qiang, president of CSSC.

 The joint venture owners are CSSC Electronics Technology Co Ltd and Wärtsilä.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Diesel Gas & Turbine News; News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Jack Burke Senior Editor, Diesel Gas Turbine Tel: +1 262 754 4150 E-mail: jack.burke@khl.com
Gabriele Dinsel Sales Manager Tel: +49 711 3416 74 71 E-mail: gabriele.dinsel@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
MAN Engines certified yacht engines
MAN Engines completed the certification of its range of diesels for yacht applications for major emissions standards worldwide.
Capstone gets follow-up order in India
Microturbines will use flare gas
Siemens: GE’s claim of trade secret theft ‘opportunistic’
German firm responds to competitor’s lawsuit