Finland’s Wartsila ready to create subsidiaries and JVs in Azerbaijan
Baku, Fineko/abc.az. Finnish company Wartsila has conducted today presentation of directions of its activity based on modern technologies.
Wartsila’s vice president Christoph Vitzhum stated that it was of great importance for them to work with Azerbaijani partners, including in a way of opening of subsidiaries and joint ventures.
“The current agenda is quite large. We’d like to move as faster as possible, but let’s see how events will develop and act in accordance with them. We are working actively in such fields as infrastructure and ship-building and Azerbaijan’s plans on shipbuilding development, pipeline reconstruction and other infrastructure cause our interest,” he said.
In his turn, Natig Abbasov, deputy minister for industry & energy of Azerbaijan, said that he considers it important to study proposals of the Finnish company.
“Counter offers for full or partly production of its equipment in Azerbaijan can be made later,” he added.
The presentation was designed for representatives of the Ministries of Emergency Situations, of Defence, of Defence Equipment, of Health, SOCAR, Azerenerji, Caspian Shipping Company, Azeristiliktechizat, Baku Metro and other state-governed organizations.
Wartsila has been conducting its activity in Azerbaijan for 10 years. In period from 2005 to 2010 the Company constructed 7 modular electric power stations with overall capacity of 880 MW in Azerbaijan. Besides, the Company has rich experience in the area of production of oil and gas compressor equipment, ship-building, thermal systems. This Company’s equipment played positive role in realization of world-scale project – Baku-Tbilisi-Ceyhan oil pipeline.
Wartsila is carrying out its activities in 70 countries of the world. Following 2009 its net sales totaled 5.3 bn euro.
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