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Press Release

Wärtsilä and Hitachi renew co-operation agreement on low-speed marine diesel engines

March 12, 2009 - Wärtsilä and Hitachi Zosen Corporation of Japan yesterday signed a ten-year renewal of the existing co-operation agreement for the marketing, sale, manufacturing and servicing of Wärtsilä low-speed marine diesel engines. Hitachi's low-speed engine business is handled by the group company Hitachi Zosen Diesel & Engineering Co Ltd at its Ariake Machinery Works in Kumamoto Prefecture, Japan.

The licence co-operation agreement is a basis for the exchange of diesel engine technology between Wärtsilä and Hitachi. It defines and regulates intellectual property rights. It also sets out the delivery and feedback of technical information and support. Such licence agreements allow synergies to the participating companies through aggregating research, development and design with the licensor while distributing and localising manufacture to licensees in separate countries.

This is the third renewal of a licence agreement of Wärtsilä concluded in Japan in recent months. The other agreements are with Diesel United Ltd, signed in October 2008, and Mitsubishi Heavy Industries Ltd, signed in January this year. Renewal of these agreements, all for ten years' validity, at a time of financial and market uncertainties is a clear statement of the confidence in the future for these important licence relationships.

The partnership with Hitachi goes back to an agreement signed in November 1956. More recently, it was reinforced in 2008 when Hitachi began the manufacture of RT-flex low-speed marine diesel engines which incorporate the very latest electronically-controlled common rail technology. Hitachi is currently focusing on the manufacture of electronically-controlled engines (RT-flex types) and is building a series of RT-flex50 engines for installation in new ships being constructed in China and Brazil.




Caption: At the signing of the renewal of the co-operation agreement: Mr Koichiro Anzai, Senior Managing Director, Hitachi Zosen Corporation (left) and Dr Martin Wernli, President, Wärtsilä Switzerland Ltd (right)




Media contacts:

Mr Martin Wernli
President
Wärtsilä Switzerland Ltd
Direct tel: +41 52 262 2686
e-mail: martin.wernli@wartsila.com

Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com

Mr. Tomomitsu Yamamoto
Assistant Manager, Public Relations
Hitachi Zosen Corporation
E-mail : yamamoto_t@hitachizosen.co.jp
Direct tel: +81 3 6404 0802
Direct fax:+81 3 6404 0809
Internet: www.hitachizosen.co.jp


2009-03-12

Please see Wärtsilä Corporation /Wärtsilä Vostok, LLC (WRU)/ company electronic office

For more information, please contact:
Mirja-Maija Santala
Media Manager
Wärtsilä Corporation
Tel. +358 (0)400 793 827
E-mail: mirja-maija.santala@wartsila.com 

Wärtsilä Vostok, LLC (WRU)
Tel/Fax: +7 812 448-32-48
E-mail:
office.spb@wartsila.com  

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