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Press Release

Wärtsilä and United Shipbuilding Corporation sign Memorandum of Understanding for co-operation

Nov. 2, 2010 - Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, and United Shipbuilding Corporation (Sudoexport), Russia's leading shipbuilder, have signed a Memorandum of Understanding. Both parties have expressed the mutual interest to establish joint set-ups in the areas of developing modern ship designs and manufacturing of propulsion systems.

The long-term strategic partnership between United Shipbuilding Corporation and Wärtsilä is aimed to combine the joint expertise of both companies to meet customers' challenging requirements in building of modern and efficient vessels.

Wärtsilä's first representative office in Russia was established in 1979. Today, Wärtsilä Vostok LLC employs more than 130 people in its St. Petersburg head office and its branch offices in Moscow, Vladivostok and Murmansk.

United Shipbuilding Corporation is the company formed to integrate the major Russian shipbuilding and ship repair yards, as well as the design bureaus, that together account for more than 70 per cent of all Russian shipbuilding facilities.
www.oaoosk.ru

Sudoexport acts in the interests of the United Shipbuilding Corporation in terms of business development with foreign partners.
www.sudoexport.ru 


For further information, please contact:

Mr Dmitry Firsov
Managing Director
Wärtsilä Vostok
Tel: +7 812 4483248
dmitry.firsov@wartsila.com 

Mr Erik Pettersson
Vice President, Strategic Ventures
Wärtsilä Corporation
Tel: +358 10 7092122
erik.pettersson@wartsila.com


2010-11-03

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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