Wartsila unloads famed “Sulzer” works to China State Shipbuilding Corp.

June 20, 2016

China State Shipbuilding Corporation (CSSC) and Wärtsilä announced that Wärtsilä has transferred its 30% shareholding in Winterthur Gas & Diesel Ltd. (WinGD) to CSSC, one of the largest Shipping conglomerates in China. WinGD will continue as an independent, international company to develop and innovate its two-stroke low-speed marine engine portfolio serving all merchant markets and customers worldwide. WinGD has its headquarters in Winterthur, Switzerland, one of the earliest exponents of…

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