Wärtsilä Bullish on Marine Business

Wednesday, September 10, 2003
Wärtsilä recently completed the first part of the business analysis launched at the end of July, a analysis which was launched to help refocus the corporation on markets athat weill help the company reach its targeted operating margin of 7-8% is to be reached by the end of 2005. The group will seek future growth in the area of ship power and service. Wärtsilä has secured significant power plant orders in recent weeks. The total order book of the Power Divisions at the end of August was EUR 1,500 million which was 14% higher than a year ago. The demand in the market, however, is clearly lower than the capacity available in the Group, which is why the capacity will be adapted and the number of employees reduced accordingly.

Wärtsilä to reduce the production of high-speed engines

In its present form the high-speed engine business has not met the expectations. Wärtsilä is therefore planning to discontinue the production of the Wärtsilä 200 and 220SG engines in Mulhouse, France. The manufacturing of special products will continue in Surgères. Wärtsilä France will be stepped up as a service company and will continue to provide service for the customers of the high-speed engines as earlier. Wärtsilä announced last month its intent to start a co-operation with Volvo regarding service and sales of Volvo Penta marine engines. In 2002 Wärtsilä's net sales were EUR 2.5 billion and the number of employees 12,500.

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Kenya Charges 9 Foreigners over Heroin Haul

Nine foreign nationals were charged in a Kenyan court on Thursday with trafficking the biggest ever single seizure of drugs at the Indian Ocean port of Mombasa.

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

FERC Approves Freeport LNG Export Project

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.

Marine Power

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

Rolls Royce Marine Awarded LCS Engine Repair Contract

U.S. Department of Defense informs that Rolls Royce Marine North America, Walpole, Massachusetts, is being awarded a US$9,000,000 firm-fixed-price repair order

WEG to Showcase Drive Solutions at SMM

WEG, a global supplier of drive systems, will showcase its range of systems for the shipbuilding and offshore industry at this year’s SMM (Shipbuilding, Machinery & Marine Technology Fair) in Hamburg.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1001 sec (10 req/sec)