Construction of new engine production facilities for Wärtsilä's joint venture company in Russia to start
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press Release, 28 June 2012 at 11.40 am EET
Wärtsilä TMH Diesel Engine Company LLC, a joint venture owned 50/50 by Wärtsilä
and Transmashholding (TMH), is ready to start construction of a modern factory
located in Penza, Russia. The new plant, which is expected to be ready to start
production in summer 2013, will provide world-class assembly and manufacturing
facilities. The joint venture is strategically important for Wärtsilä since it
broadens the company's business activities into the rail market, while giving
Wärtsilä a stronger industrial foothold in Russia.
Wärtsilä and Transmashholding signed the joint venture agreement in May 2010.
The intention is to manufacture modern and multi-purpose diesel engines,
including a technically advanced version of the Wärtsilä 20 engine, in Russia.
The engines will be used in shunter locomotives, as well as for various marine
and land-based power applications, and are intended primarily for the Russian
market. There are also export possibilities outside Russia, including to
Commonwealth of Independent States (CIS) countries.
The first shunting locomotive already developed by Wärtsilä and TMH for Russian
Railways, one of the largest rail transport companies in the world, will be
powered by a Wärtsilä 20LA engine to be produced by the joint venture. After one
year of different types of testing, a Certificate of Conformance has been issued
by Federal Agency for Railway Transport under the supervision of Russian
Railways and Bryansk Engineering Plant, a part of TMH. The certificate gives the
right to operate this particular locomotive configuration on the state railway
system. The engine is about to undergo a 250 day field test programme, which
will include operating in winter conditions of up to minus 40 degrees C in
Siberia.
"These new facilities will expand our diesel engine production capacity in
Russia and increase our competitiveness throughout the region. With this state-
of-the-art plant, we can develop and produce high quality engines that meet the
specific requirements of our customers across Russia, and provide them with
locally produced and serviced power solutions," says Lars Hellberg, Group Vice
President, Wärtsilä Industrial Operations.
The construction work on the 10,000 m(2) factory will commence after finalized
permission procedures. The factory will be located within the premises of
Penzadieselmash, a TMH company. Annual production is expected to be 250 to 300
engines, and the plant will eventually employ some 300 people. Wärtsilä has a
30 year history in Russia, and this latest development represents a notable
milestone in its expansion strategy in that market.
Wärtsilä company announcement 27 May 2010: Wärtsilä enters rail market through
joint venture with Transmashholding in Russia
Image of Wärtsilä 20 engine
For further information please contact:
Mr Dmitry Firsov
Managing Director
Wärtsilä Vostok
Tel: +7 812 4483248
dmitry.firsov(at)wartsila.com
Mr Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 40 5476390
atte.palomaki(at)wartsila.com
Wärtsilä in brief:
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers.
In 2011, Wärtsilä's net sales totalled EUR 4.2 billion with approximately
18,000 employees. The company has operations in nearly 170 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki,
Finland.
www.wartsila.com
About Transmashholding
Transmashholding is Russia's leading rolling stock manufacturer. Its products
also include marine engines and small modular power plants. In 2011, net sales
were EUR 2.6 billion. Transmashholding has its headquarters in Moscow and is a
privately owned company whose major shareholders include Russian Railways &
Alstom. www.tmholding.ru
Wärtsilä 20 engine:
http://hugin.info/131481/R/1622577/518590.JPG
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1622577]
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Datum: 28.06.2012 - 04:43 Uhr
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