Investor Presentaiton
Major milestones of Wärtsilä in China
2002
Integration of John
Crane-Lips
2005
Wärtsilä acquired Deutz
medium and high speed.
engine marine service
business and started to
handle the business from
April.
Inauguration of Wärtsilä
2010
Wärtsilä China
operation in
Engineering Center
2007
Shanghai following
global acquisition in
April 2002
Propulsion (Wuxi) Co. Ltd.
(wholly owned) in June
set up
Inauguration of
2012
Wärtsilä (Suzhou)
Marine Equipment
Co., Ltd became a
wholly-owned
Wärtsilä company
through the global
acquisition of
Hamworthy
2011
2004
Wärtsilä-CME
Zhenjiang Propeller
Co. Ltd. founded in
June. In the JV
Wärtsilä has 55%
and CME has 45%
ownership
2006
Inauguration of
Wärtsilä Qiyao Diesel
(Shanghai) (a 50/50 JV
with CSIC SMDERI to
manufacture marine
auxiliary engines) in
June 2006
Tangzhen Service
Station in March
2008
The top management
of Wärtsilä Ship Power
moved to China
2009
Inauguration of CPP
production at
Wärtsilä-CME
Zhenjiang Propeller
Co., Ltd. in June
Inauguration of Qingdao Qiyao Wärtsilä
MHI Linshan Marine Diesel Co Ltd (QMD)
in April. (CSIC 50%, Wärtsilä 27% and
Mitsubishi 23%)
Inauguration of Wärtsilä Ship Design
(Shanghai) Co. in June
Zhoushan Services Station set up in Sept
Signing of Strategic Cooperation
Framework Agreement with CSSC in Nov
4 © Wärtsilä
7 June 2013
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