Chennai, April 25
WARTSILA Corporation, a Finland-based power plant and equipment company, has identified India as a major source for components and parts for its global needs. It has identified new components systems for development and exports, according to Mr Rakesh Sarin, Head, Service, Wartsila India Ltd, a subsidiary of Wartsila Corporation.
Wartsila India has started a gearbox manufacturing unit in Khopoli (Maharashtra) with an investment of one million euros. The unit will export components worth a couple of million euros to the group's units across the globe. The group would also look at other components for exports from India, he told newspersons.
Some of the items that are being sourced by the Wartsila group from its Indian subsidiary include raw castings, machine castings, turning devices, hydraulic jacks and fabricated components.
Besides these components that are used by the product factories of Wartsila worldwide, service tools and other equipments are also sourced from the Khopoli plant. Wartsila India, which reported a turnover of Rs 282 crore for 2004, has also started providing manpower to its other units worldwide, he said.
According to Mr M. Rajagopalan, Head, Industry Captive Sales and Head (Southern Region), Wartsila India, the company is moving towards zero breakdowns in case of a breakdown, a power plant can be restarted within 24 hours.
It has commissioned pilot projects in a few power plants across the country, and hopes to cover all of its plants by second half of 2006.
The company has been supplying over 2,800 MW to around 230 process industries, utilities and independent power plants.
Some of these engines at these power plants have crossed one lakh running hours, he said.
The company on Monday opened a new spares warehouse in Chennai. The warehouse operated by FSL, a third-party logistics firm, will stock all engine-related parts,he said.