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Strategic projects, acquisitions and joint ventures

During the first quarter, Wärtsilä and China State Shipbuilding Corporation (CSSC) signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), will focus on the growing Chinese electrical & automation market, especially for high-tech ship applications. The joint venture company is expected to be fully operational before the middle of 2017.

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