Wärtsilä and Zhenjiang CME to manufacture CP propellers

Wärtsilä, a provider of lifecycle power solutions, has signed an agreement with Zhenjiang CME, a subsidiary of China State Shipbuilding (CSS), to begin the manufacture of controllable-pitch (CP) propellers at the two companies’ joint-venture unit, Wärtsilä CME Zhenjiang Propeller, located in Zhenjiang, Jiangsu province.

The inauguration of the factory and the first deliveries are planned for the second quarter of 2011.

Wärtsilä CME Zhenjiang Propeller will invest €12m (£10m) in a facility for manufacturing CP propellers.