Wartsila has extended its licensing agreement with its Korean partner Doosan Engine for a further ten years in order to build Wartsila low-speed engines.
As per the deal, the licensee is authorised to build and sell Wartsila low-speed marine diesel engines within its specified territory.
The company said that a full range of Wartsila RTA, RT-flex and X-series marine engines are included under the deal.
The licence agreement has been extended from 2012 to 2021.
Doosan Engine president and CEO Sung-Hee Lee said, “By renewing this licence agreement, both companies will continue their close co-operation in providing the latest technology low-speed engines to the rapidly changing shipbuilding market.”
“It is a win-win growth opportunity for both companies, and will certainly strengthen their market positions. “
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData