New Wärtsilä Subsidiary Trades Classic Engine Parts
Wärtsilä announced it has established a subsidiary to trade spare parts for classic four-stroke Wärtsilä engines. QuantiParts, fully owned by Wärtsilä, will operate from the Netherlands and serves customers in the marine, locomotive and power plant industries worldwide. QuantiParts trades original engine manufacturer (OEM) spare parts for selected mature Wärtsilä medium- and high-speed four-stroke engines, such as Deutz, Stork, Bolnes, Sulzer A/S, Poyaud, SACM and Crepelle. The new company is based in Zwolle, the Netherlands, where its spare parts are traded from. The company's stock consists of nearly 5.5 million components for more than 40 different engine types.
Bearing Condition Monitor Gains Full Approval
Open-up inspections can be avoided if an AMOT XTS-W+ Bearing Condition Monitor is installed. The XTS-W+ is a bearing wear monitor which gained approval from MAN Diesel & Turbo and Germanischer Lloyd after completion of extensive trials on the Hapag-Lloyd vessel Hanover Express. The approval will allow ship owners to apply for Survey Arrangement Condition Monitoring (SACM) if an XTS-W+ is installed and there is a reassurance that the bearings are in good condition. Eliminating unnecessary open-up inspections of the cranktrain bearings represents huge operating cost savings…
Lind, Mäkinen Appointed at Wärtsilä
Raimo Lind, MSc (Econ.), Group Vice President, CFO, and Mikael Mäkinen, MSc (Eng.), Naval Architect, Group Vice President, Ship Power, have been appointed Executive Vice Presidents of Wärtsilä Corporation with effect from 1 January 2005. Mr Lind will also act as deputy to President and CEO Ole Johansson. Wärtsilä's current Executive Vice President, Sven Bertlin, retires on 31 December 2004. Raimo Lind, born 1953, holds a Master's degree in Economics and Business Administration. He has been Group Vice President, CFO, of Wärtsilä and a member of the Board of Management since 1998. He was employed by the company between 1976 and 1989, and then rejoined in 1998. He has broad-ranging experience of financial management and international business management.
Donnelly Appointed President, Wärtsilä North America
Frank W. Donnelly has been appointed President, Wärtsilä North America, Inc. He is also continuing as Vice President, Power Plants in Wärtsilä North America. After graduating from Rice University, Houston, Texas, Donnelly began his career with the French engine manufacturer, SACM, as its head of North American operations. During this period, he focused primarily on offshore generation for semi-submersibles and standby power for nuclear plants. Donnelly joined Wärtsilä in 1988 in connection wíth the acquisition of SACM. During the 90s, he was active in Wärtsilä's Power Development and sales of power plants in Central America and Caribbean.
Donnelly Appointed President, Wärtsilä North America
Frank W. Donnelly has been appointed President, Wärtsilä North America, Inc. as of March 27th, 2007. He is also continuing as Vice President, Power Plants in Wärtsilä North America. After graduating from Rice University, Houston, Texas, Mr. Donnelly began his career with the French engine manufacturer, SACM, as its head of North American operations. During this period, he focused primarily on offshore generation for semi-submersibles and standby power for nuclear plants. Mr Donnelly joined Wärtsilä in 1988 in connection wíth the acquisition of SACM. During the 90s, he was active in Wärtsilä's Power Development and sales of power plants in Central America and Caribbean.
Finnish Innovation Ascends New Heights
The Finnish shipbuilding industry has been in a state of flux for much of 1999 and entering 2000, with the Kvaerner shipbuilding pullout dominating the headlines. But while the search for new owners of the company's yards in Finland has kept the boardrooms busy, the business of pulling in valuable new orders to keep the facilities busy and building top-quality ships has not missed a step. The big and modern shipyards in Helsinki and Turku are world-renowned for the production of high-value, technically advanced ships, and this reputation and accrued expertise will surely remain well after the Kvaerner nameplate comes down. Whereas Kvaerner's exit from shipbuilding has been top news throughout the year, foreign investment and ownership within Finland is hardly a new topic.
