Wärtsilä receives first propeller order from Vietnam

Wärtsilä Corporation, Press release 26 January 2007 at 09:00 UTC+2

Wärtsilä has won a contract to supply propellers for a series of five bulk carriers under construction in Vietnam. The contract signed in November 2006 is Wärtsilä’s first propeller contract from a Vietnamese shipyard.

“Vietnam is increasingly becoming an important player in the global shipbuilding market and we are pleased that Vinashin Shipbuilding Industry Corporation has offered Wärtsilä this opportunity to supply our propulsion equipment to this emerging shipbuilding force,” says Jaakko Eskola, Group Vice President of Wärtsilä’s Ship Power business.

The vessels are being constructed for the UK-based shipowner Graig Group. The first propeller will be delivered in August 2007.

For additional information, please contact Ms Eeva Kainulainen, Vice President, Corporate Communications & IR, tel. +358 10 709 5235

This is the shorter of two versions of this press release. The longer version contains more technical information. Both are available at http://www.wartsila.com

Wärtsilä in brief:

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.