Wärtsilä to divest Delivery Centre Santander
(Posted on 07/06/21)
The technology group Wärtsilä announces the divestment of Delivery Centre Santander (“DCS”) to Javier Cavada Corporación Cantabria (“JCCC”). Delivery Centre Santander is a state-of-the-art foundry able to cast the highest grades of NiAlBronze alloys. The facility located in Santander, Northern Spain, employs 45 professionals and has an annual casting capacity of 700 tons.
As part of the divestment, Wärtsilä and JCCC signed a strategic supply agreement where JCCC becomes a supplier for bronze alloy castings parts to Wärtsilä Marine Power business unit Propulsion. Moving forward, JCCC and Wärtsilä will work closely together to jointly develop and optimise the propulsion propeller portfolio.
Henk de Jong, Director Delivery Management Business Unit Propulsion, says that this new strategic alliance with JCCC will bring together Wärtsilä’s advanced R&D and design capabilities with strong manufacturing knowledge provided by JCCC.
Javier Cavada, owner at JC Corporación,?said:?“We are very excited to partner with Wärtsilä to maximize together the potential of this historical factory in Santander, with its state-of-the-art processes, cutting-edge technologies and an impressive know-how from the team running the activities."?
Bernd Bertram, VP Business Unit Propulsion, states: “In the current fast changing business environment, we need to be flexible, agile and concentrate our internal resources in those areas where we can provide most value to our customers. At the same time, we work together with trusted strategic partners in areas requiring specialised competences. We believe that under the new ownership, the foundry gets the opportunity to further develop its business and offering independently, and that the DCS team will find a good home with JCCC.”
Subject to fulfilment of closing conditions, closing of the transaction is expected in July 2021.
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world.
Latest News
Bruks Siwertell Group announces leadership transition
(Posted on 31/03/25)Bruks Siwertell Group has announced a leadership transition as Peter Jonsson steps down as CEO after... Read more
ClassNK issues AiP for OceanWings Rigid Windsail Type WAPS
(Posted on 31/03/25)ClassNK has issued an approval in principle (AiP) for a Rigid Windsail Type Wind-Assisted Propulsion... Read more
Seafarers welcome Elcome’s new pay-as-you-go high speed internet service
(Posted on 27/03/25)Elcome International’s new high-speed internet service, WELCOME, is revolutionising the way ship... Read more
Kaiko funding to enhance resilience in maritime operations with AI
(Posted on 27/03/25)Kaiko Systems, a leader in AI-driven frontline intelligence for the maritime industry, today announced... Read more
Liebherr manufactures 2,000th LHM
(Posted on 19/03/25)Marcegaglia’s latest acquisition, the LHM 600, marks a significant milestone as the 2,000th mobile... Read more
IOMSR plays key role in pioneering maritime wind power project
(Posted on 18/03/25)The Isle of Man Ship Registry (IOMSR) is playing a key role in the development of a high-tech sail aimed... Read more
AtoB@C Shipping at halfway in newbuilding programme
(Posted on 18/03/25)AtoB@C Shipping, subsidiary of ESL Shipping, has taken delivery of Terramar in Goa, India on 14 March... Read more
Strong VIKING on track towards new goals
(Posted on 18/03/25)As a new strategy period commences, VIKING Life-Saving Equipment A/S has achieved strong financial results... Read more
Baltic Exchange introduces biofuel blends in expansion of Emissions Calculator
(Posted on 12/03/25)Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost... Read more
Veson Nautical and Cargill expand long-standing partnership
(Posted on 06/03/25)Veson Nautical, a global leader in maritime data and freight management solutions, and Cargill have... Read more
