Wärtsilä to produce auxiliary engines in China

Wärtsilä has signed a letter of intent with China Shipbuilding Industry Corporation (CSIC) to set up a 50/50 joint venture to manufacture marine auxiliary engines in China. The location of the new factory will be in the Shanghai area.

The intention is to start the production of the Auxpac W20 generating sets for the growing shipbuilding market in China and to sell these through Wärtsilä?s global network. The parties aim to finalize the negotiations during the first half of 2005.

China Shipbuilding Industry Corporation (CSIC) is one of the largest groups in China in the field of design, manufacture and trade of military and merchant ships, marine engineering and marine equipment. CSIC consists of 47 industrial enterprises, 28 scientific technological research institutes and 20 share-holding companies.