Wärtsilä opens Vietnam office in Hanoi

Wärtsilä Corporation, Trade press release, 8 May 2007 at 09:00 UTC+2

Wärtsilä Corporation is expanding its representation in Vietnam by opening a branch office today in Hanoi. Vietnam is a rapidly-growing market for Wärtsilä’s products and services to the shipping, shipbuilding and power industries.

“With more than 3000 km of coastline and abundant offshore oil and natural gas resources, Vietnam is a natural participant in the global power and marine industry and Wärtsilä will support and be part of its development,” said Clas-Eirik Strand, Chairman of the board of Wärtsilä in Vietnam.

Wärtsilä has had a permanent presence in Vietnam since 1994 when it set up a representative office in Ho Chi Minh City. In 1998 Wärtsilä obtained a business licence to operate as a 100% foreign-owned service company and founded Wärtsilä Vietnam Co Ltd.

The company in Vietnam is actively involved in the promotion of Wärtsilä marine power and propulsion systems and land based power plants. Full after-sales support is provided for the complete range of products.

The recent growth in world shipbuilding demand has led to the rise of Vietnam as a major shipbuilding country and thus as a market for Wärtsilä products and services. Wärtsilä is already supplying engines and propulsion systems from its wide range of products for newbuildings at shipyards in Vietnam. In parallel Wärtsilä is providing full after-sales support for the existing fleet and engineers are being trained as the engine population increases.

Vietnam Shipbuilding Industry Corporation (Vinashin) is a key customer and within recent months, Wärtsilä received several orders from Vinashin for propulsion systems and low-speed main engines to be installed in newbuildings contracted at its shipyards.

Wärtsilä, through its presence in Vietnam, will be able to strengthen its deliveries of required propulsion and power equipment and local technical expertise that will enable Vietnamese shipyards to compete for newbuilding contracts locally and internationally. Wärtsilä will thus contribute to the development of the Vietnamese shipbuilding industry for ocean-going and offshore vessels.

Media contact:
Marit Holmlund-Sund
Public Relations Manager
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com
Internet: www.wartsila.com

Notes to the editor:
Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 14,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.