Wartsila Thrust Into China
01 Mar 2005
Finland based marine engine and propulsion supplier Wartsila is investing ? 6.6 million to establish a tranverse thruster factory at Wuxi, near Shanghai in China. The wholly owned Wartsila Propulsion (Wuxi) Co Ltd will employ some 120 people producing LIPS brand thrusters for the global shipbuilding market.
The venture brings Wartsila closer to its Asian customers as the focus of the world shipbuilding industry shifts to the region.
MJ Information No: 20405
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