Strategic projects, acquisitions, joint ventures, and expansion of the network
Construction of the new production facilities for Wärtsilä Yuchai Engine Co., Ltd, the Chinese joint venture owned 50/50 by Wärtsilä and Yuchai Marine Power Co. Ltd., and Wärtsilä’s new fully-owned manufacturing facility in Brazil is ongoing. Production in both locations is planned to begin in mid 2014.
On 9 January 2014, Wärtsilä confirmed in a stock exchange release the approach by Rolls-Royce with a preliminary proposal for a possible offer. Wärtsilä also confirmed that there were no longer ongoing discussions with Rolls-Royce.