Independent journal on economy and transport policy
23:50 GMT+1
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Wärtsilä and HHI extend the agreement of licence for the engines to lowland speed of the European company
the contract between the Finnish society and the South Korean group is in vigor from 1975
February 29, 2012
The Finn Wärtsilä Corporation and the South Korean Hyundai Heavy Industries (HHI) have undersigned the extension for a period ten-year-old of the licence agreement based on which the Asian navalmeccanico group constructs to engines to lowland speed of the European company. The contract is extended to period 2012-2021.
The agreement between the Finnish society and HHI is in vigor from 1975. From then the South Korean group it has constructed motor on Wärtsilä licence for a total power of beyond 22.800 MW.
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