For us, the marine business is more conservative and complex than the wind industry where we started. Convincing the historically conventional stakeholders of the superiority of PM technology is challenging. Yet still, the progress made is great.
During 2011, permanent magnet machine manufacturers experienced moments of fear. The prices for rare earth materials were spiraling upwards uncontrollably. Since then, the situation has stabilized to a level slightly higher than before the crisis. But what’s the overall situation right now?
This fall has been very busy finalizing new developments and bringing new products to the market. As the general market growth is slowing down, we have been grateful that our business has continued to proceed quite well.
The Switch has won a number of major new customers in China and Europe, with orders worth tens of millions of euros already received.
“We have gained a number of new customers in China and Europe, who have already placed significant orders with us. Permanent magnet generators and power converters have demonstrated their benefits and become the preferred basic solution in new wind turbine models,” says Jukka-Pekka Mäkinen, CEO of The Switch.
Our fiscal year is not the calendar year. Instead, it runs from March 1 through the end of February, as is typical for many Japanese companies. The Japanese new year starts with the blossoming of cherry trees. Similarly, our business has been flourishing, too. Our revenue has grown and our profitability improved during the past fiscal year.
Meet Yaskawa at Hannover Messe: Hall 17, Stand B50.
At the show, Yaskawa will present concrete solutions relating to the topic of “easy” automation.
Imagine being on a ship in a storm at night along a rocky coast. Then you lose all power. A total blackout! Read how Dr. Jussi Puranen describes how Yaskawa Environmental Energy has tackled the redundancy issue of ships.
The Global Wind Energy Council released its annual market statistics. The 2017 market remained above 50 GW, with Europe, India and the offshore sector having record years.
Dear friends, The year is approaching its end, but it has been very eventful. We have returned to our strong growth path. The hard work with you – our customers, partners and other stakeholders – has turned into solid business. In many cases, this business has been the result of years of close development and cooperation.…
The Switch participated at WindEnergy Hamburg 2016 – and celebrated its first 10 years of successful operation.
Runtech placed a multi-million-euro order with The Switch for turbo motors to be used in their vacuum pump systems.
How can you become immune to the dependency on subsidies and the wild fluctuations in oil prices?