Wärtsilä and Chinese CSSC-MES Diesel Co Ltd (CMD) have jointly signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines by CMD in China.
The agreement grants CMD the right to manufacture all sizes of Wärtsilä RTA and RT-flex modern low-speed engine types at its factory in Shanghai. However, CMD will focus on engines of 60 cm cylinder bore and larger.
The new licence agreement with CMD will enable a significant contribution to the delivery of Wärtsilä low-speed marine engines to the shipbuilding industry in China. The agreement also reinforces the partnership between Wärtsilä and CSSC (China State Shipbuilding Corporation) through Wärtsilä's existing licensees Hudong Heavy Machinery Co Ltd and Zhenjiang CME Co Ltd which are both members of the CSSC group. The agreement was signed by Mr Shuhei Mizuhara, President of CMD, and Mr Martin Wernli, President of Wärtsilä in Switzerland.
Support for the manufacture of Wärtsilä low-speed engines by CMD will be provided by Wärtsilä in Switzerland which is the group's centre of excellence for the design, development, research, marketing, licensing, servicing and support of Wärtsilä low-speed engines.
Wärtsilä currently has 17 licensees related to production of low-speed engines located in Asia, South America, and Europe.
Wärtsilä and CSSC-MES Diesel sign licence agreement