The CWEC joint venture was established in July 2014 for the manufacture of diesel and dual-fuel Wärtsilä engines. A new factory construction began on October 28. The area of the new facility located at Lingang, Shanghai will be 20,000 sq.m. which will also be the first in China, to produce locally large bore medium speed diesel and dual-fuel engines.
CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC) and the Hudong Zhonghua and Shanghai Waigaoqia (SWS) shipyards made agreements to promote the development of efficient ship designs and solutions that will meet the evolving needs of the yards’ ship owner customers. A Letter of Intent was also signed with SWS for the delivery in 2017 of Wärtsilä Auxpac 32 generating sets for three large container vessels being built at the yard.
The new joint venture will provide CSSC Group and other Chinese yards with closer access to the Wärtsilä range of engines (Wärtsilä 26, Wärtsilä 32, Wärtsilä 34DF and Wärtsilä 46F engines) with the benefits of faster delivery times and competitive pricing. Engines are expected to be ready for delivery in 2016. The production capacity is planned at 180 engines per year.
CSSC emerges as the No.# 1 ship builder in China and with Wärtsilä’s industry leading technologies, the joint venture will make an important difference. The new factory will produce state-of-the-art marine engines that will serve customers with value adding efficiencies.
The CWEC joint venture will target especially the growing offshore and LNG markets as well as the large container vessel segment. Wärtsilä’s share of the joint venture is 49 percent.