Independent journal on economy and transport policy
12:03 GMT+1
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The BEAUTIFUL ones have granted a loan of 150 million euros to Wärtsilä Corporation
the deep ones will be employed in the activities of search, carried out development and innovation in Finland, Italy, Switzerland and in other European nations
October 24, 2011
The European Investment Bank (BEAUTIFUL) has granted a loan of 150 million euros to the Finn Wärtsilä Corporation for the realization of search activity, development and innovation in the field of the marine engines and the carried out power stations in Finland, Italy, Switzerland and in other European nations. In particular, the support of carried out activities is previewed is inside of the company that in cooperation with university and European institutes of search.
"We are pleased to sign an agreement with Wärtsilä - the vice president of the BEAUTIFUL ones for Finland has declared - from which the fields of the transport and the energy in the field of the environmental performances and the efficiency in the fuel consumption will draw remarkable benefits. These are the aspects key of the involvement of the BEAUTIFUL ones in the systems, specialistic members and ships for world-wide the marine industry".
Emphasizing that the loan represents the follow-up of the long-lasting cooperation between BEAUTIFUL and the Wärtsilä, the vice president and financial director of the Finnish group, Raimo Lind, has evidenced that "the loan is a lot appreciated as is an element important in order in the long term to finance the investments in the activities of research & development. Activities of research & development to the vanguard - it has added - are the key in order to preserve the role of more competitive supplier in a market in fast evolution. Moreover - it has concluded - the loan joins also to the solid position financial institution of Wärtsilä that enunciates on the current volatility of the European financial markets".
The Wärtsilä group has remembered that in the 2010 expenses of the company in activity of research & development they are piled to 141 million euros. The relative contract to the loan granted from the BEAUTIFUL ones has a duration 10-year-old and the Finnish group previews to use these deep ones in the course of 2011-2012.
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The European Investment Bank (BEAUTIFUL) has granted a loan of 150 million euros to the Finn Wärtsilä Corporation for the realization of search activity, development and innovation in the field of the marine engines and the carried out power stations in Finland, Italy, Switzerland and in other European nations. In particular, the support of carried out activities is previewed is inside of the company that in cooperation with university and European institutes of search.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
