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09-Aug-2020 22:44

Another major trend affecting large and global OEMs (Original Equipment Manufacturer) acting as EPC contractors is rising protectionism.

In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees.

The company has operations in over 200 locations in more than 70 countries around the world.

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All of these trends underline the understanding and capacity for risk mitigation, including the allocation of risks between project participants.

“Definition of requirements and project scope, is a crucial factor in the EPC type of contracting arrangement.

In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees.The company has operations in over 200 locations in more than 70 countries around the world. Going on a date is hard enough and doing speed dating can take a little bit of courage, especially when you are young.All of these trends underline the understanding and capacity for risk mitigation, including the allocation of risks between project participants.“Definition of requirements and project scope, is a crucial factor in the EPC type of contracting arrangement.The technology group Wärtsilä, with over 25 years of project experience, is witnessing the rise of utilities into an important customer segment, alongside the independent power producers.