Wärtsilä, China State Shipbuilding Corp. Sign JV
The new joint venture company agreement is signed by Yang Guobing, Chairman of CSSC Electronics Technology Co., Ltd, Mr Ma Yunxiang, Vice chief Economist, Director of Planning and Development Department, CSSC and Mr Stephan Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions.
Technology group Wärtsilä and China State Shipbuilding Corp. (CSSC) have signed a new joint venture company agreement that will focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications.
The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co. Ltd. (CWE&A), is expected to be fully operational by the middle of 2017.
China is a growing market within the high-tech ships segment, and Chinese yards are increasingly active in newbuild projects for high-tech and high-added value ships, the companies said. CWE&A will supply China-based customers with Wärtsilä electrical and automation systems and equipment for these ships. The business scope will include project engineering, project management, commissioning and supply management of automation, navigation and communication systems, dynamic positioning systems, electric propulsion systems, power distribution systems, entertainment systems, architectural lighting, safety and security systems, and full systems integration.
“First of all, I wish to express my sincere appreciation to CSSC for their good collaboration and visionary leadership. The CWE&A joint venture enables both Wärtsilä and CSSC to serve our customers better here in the world’s largest shipbuilding market. Vessels are becoming more complex, with E&A solutions being increasingly important, and as digitalisation enters the marine industry CWE&A will be well positioned to meet the needs of its customers in this field,” said Jaakko Eskola, CEO of Wärtsilä.
“We have a history of good and open cooperation with Wärtsilä over many years, and we can now look forward to another successful joint venture. Wärtsilä’s state-of-the-art technologies and our strong market position in China form the foundation for being able to give our customers the best possible service with advanced E&A solutions,” said Wu Qiang, president of CSSC.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
