European commission clearance for joint venture Wärtsilä and HHI

Wärtsilä and Hyundai Heavy Industries Co. Ltd signed in January 2007 an agreement to set up a 50/50-owned joint venture in Korea to manufacture Wärtsilä 50DF dual-fuel engines for LNG (liquefied natural gas) carriers for the Korean, Japanese, Chinese and Taiwanese shipbuilding markets.