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Wartsila sells high-speed licences.
(From Lloyds List)
Byline: Hugh O'Mahony
MARINE engine major Wartsila Corporation has offloaded production rights for two of its high-speed products, in a sale the company said would allow it to cut costs further and benefit from a recovering shipbuilding sector.
Dresser Inc, of the US, has acquired rights covering the 200 and 220 models for its subsidiary, Waukesha Engine. These engines are built at Wartsila's plant at Mulhouse, France, but the group has already announced that it intends to phase out their production by the end of this year, as the Helsinki-based engine builder has turned its focus to the low- ...
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