Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a letter of intent (LOI) to create a joint venture company in China to focus on the country’s evolving market for electrical & automation (E&A) solutions for marine applications.

The joint venture, which will involve sales, marketing, engineering and project management for the E&A market, is scheduled to be operational at the beginning of next year.

The full detail of the range of scopes under the joint venture by the companies is yet to be ellaborated.

Wärtsilä CEO Jaakko Eskola said: "Wärtsilä has a leading position in supplying E&A systems for high-end and offshore vessel applications.

"Wärtsilä has a leading position in supplying E&A systems for high-end and offshore vessel applications."

"By combining our strengths in this field with the strong market position of CSSC, we can provide Asian owners and yards with the best possible solutions supported by local presence and capabilities."

Wärtsilä and CSSC had an earlier account of partnerships in establishing joint venture companies like the Zhenjiang Propeller formed in 2004 which had produced fixed and controllable pitch ship propellers.

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.

Company Profile – free sample

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

2014 had witnessed the formation of CSSC Wärtsilä Engine (Shanghai) locally manufacturing medium and large bore, medium speed, and diesel and dual-fuel Wärtsilä engines.

Last year, the companies had partnered to form Winterthur Gas & Diesel (WinGD) which had assumed the responsibility of the technical development and sales of Wärtsilä’s range of 2-stroke, low speed marine engines.

Image: Wärtsilä and CSSC staff. Photo: courtesy of Wärtsilä.