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Wärtsilä Expands to Brazil

Maritime Activity Reports, Inc.

December 21, 2006

Wärtsilä will invest $1.5m in its Services workshop in Manaus, Brazil. The investment covers the construction of a new workshop and the purchase of new equipment to meet regional demand. The expansion will triple the existing facilities, giving a total of 37, 673 sq. feet for the existing and new services.

The existing workshop already provides tooling, repairs and maintenance for propulsion and automation and electrical equipment for vessels, platforms and power plants. Wärtsilä in Brazil also provides on-site maintenance services, thanks to the use of portable equipment and a mobile technical team. Wärtsilä in Manaus has approximately 100 employees, including the operators of three power plants, and 35 specialized professionals, engineers, technicians and employees working in the existing Services workshop. In addition to the physical expansion of the Services workshop, Wärtsilä also plans to recruit more technical personnel for different positions in the next few months to meet the increase in business volume. Wärtsilä has an installed base of over 100 ships and vessels in Brazil in oil tankers, tugboats and pushers, and also platforms and naval installations. Wärtsilä also has more than 850 MW power plants installed or on order in Brazil.

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