CSSC Takes Over WinGD

The companies China State Shipbuilding Corporation (CSSC) and Wärtsilä have announced that Wärtsilä has transferred its share of 30 % in the Winterthur Gas & Diesel (WinGD) company to CSSC, one of the largest shipping conglomerates in China, after which CSSC has gained full ownership of WinGD. WinGD is seated in Winterthur in Switzerland and is one of the earliest representatives of diesel technology, having started the development of large internal combustion engines in 1898 under the name “Sulzer”. As an independent international company, WinGD will continue to develop its portfolio of low-speed two-stroke marine engines and cooperate with the services network of the Wärtsilä corporation for the purpose of providing post-purchase support services to buyers.