Wärtsilä establishes joint venture with Jiangsu CuiXing

Finnish power systems provider Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä 32 medium-speed marine engines in China.

The value of Wärtsilä’s investment in the joint venture is €16m and its share 49 per cent.