In March, Wärtsilä and China State Shipbuilding Corporation signed a letter of intent to establish a new joint venture company. The new joint venture will focus on China’s growing market for electrical & automation solutions for marine applications. The joint venture company is expected to be operational at the beginning of 2017.
Construction of the CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory in Lingang, Shanghai is proceeding according to plan. The first engines are expected to be ready for delivery by the end of 2016.