CSSC, Wärtsilä Form Electrical & Automation Joint Venture

The new joint venture company agreement is signed by Yang Guobing, Chairman of CSSC Electronics Technology Co., Ltd, Ma Yunxiang, Vice chief Economist, Director of Planning and Development Department, CSSC and Stephan Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions. (Photo: Wärtsilä)

Posted by Eric Haun

Technology group Wärtsilä and China State Shipbuilding
Corporation (CSSC) have 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 and automation (E&A) market,
especially for high-tech ship applications. The joint venture
company is expected to be fully operational before 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. 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.

The joint venture owners are CSSC Electronics Technology Co Ltd
and Wärtsilä.

Mar 7, 2017

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