Wartsila
Wärtsilä is a Finnish multinational corporation known for providing solutions and services for the marine and energy markets. Here’s an overview of the company:
Background and History:
- Founded: The company traces its roots back to 1834 when it was originally established as a sawmill in Tohmajärvi, Finland.
- Headquarters: Helsinki, Finland.
Business Segments:
Wärtsilä's operations are primarily divided into two main segments:
Marine Solutions:
- Products and Services: This segment provides a range of products including ship engines, propulsion systems, and machinery. They offer integrated solutions for the entire lifecycle of ships, promoting both efficiency and environmental sustainability.
- Customer Base: Commercial shipping, naval fleets, and offshore oil & gas industry.
Energy Solutions:
- Products and Services: Focuses on power plants and energy systems. They provide flexible power generation solutions, from individual engine-driven power plants to utility-scale power generation and storage solutions.
- Technology: Includes gas, liquid fuel, as well as hybrid power plants and renewable energy solutions.
Commitment to Sustainability:
- Environmental Impact: Wärtsilä is committed to promoting environmentally sound practices and technologies. This includes developing energy-efficient and low-emission solutions, such as hybrid and LNG (liquefied natural gas) propulsion systems for marine applications, and renewable energy integration in power plants.
- ESG Initiatives: The company is actively involved in recycling, waste reduction, and other sustainability programs.
Innovations and R&D:
Wärtsilä invests heavily in research and development to stay at the forefront of technological advancements. Areas of focus include digitalization, automation, and smart technologies for optimizing operational efficiency and reducing emissions.
Global Presence:
- Operations: Wärtsilä has a global presence with offices and facilities in over 200 locations in more than 70 countries.
- Employees: The company employs thousands of people worldwide, ensuring local support and after-sales services.
Financials:
As of the latest financial reports, Wärtsilä is a publicly traded company listed on the Nasdaq Helsinki. It has shown resilient financial performance with diversified revenue streams from its marine and energy sectors.
Future Outlook:
- Growth Strategy: Wärtsilä aims to leverage technological innovation and digitalization to expand its market share. The company focuses on partnerships, acquisitions, and expanding its service offerings to drive future growth.
- Market Trends: Increasing regulatory pressures for greener maritime operations and the global push towards renewable energy present significant opportunities for Wärtsilä.
In summary, Wärtsilä is a prominent player in both the marine and energy sectors, recognized for its commitment to innovation and sustainability. Its extensive experience, broad product portfolio, and global footprint position it well to address the evolving needs of these industries.
- Phone: +358 (0)10 709 5599
- Web: www.wartsila.com
Locations
Documents
Wartsila News
Wärtsilä Launches GasReformer
Wärtsilä's unique GasReformer uses steam reforming technology to convert associated gas to a quality that can be used as gas-engine fuel. The Wärtsilä GasReformer enables gases produced during oil production, which by nature are rich in heavy hydrocarbons, to be converted into a methane rich product for utilization in Wärtsilä dual-fuel engines operating at full performance levels. Traditionally such gases would be flared and wasted.
Wärtsilä Opens New University R&D Facility
The new Wärtsilä Innovation Node is situated at the heart of the Aalto University campus in Espoo, Finland. Wärtsilä' recently opened Innovation Node brings business experts…
Wärtsilä to Set Up New Manufacturing Plant
Wärtsilä will set up a new fully-owned manufacturing facility in Brazil to meet the increasing market demand, particularly in the offshore market. Wärtsilä's investment in the new facilities is approximately EUR 20 million. The manufacturing premises will be based on a multi-product factory concept for the assembly and testing of Wärtsilä generating sets and propulsion products. In the initial phase…
Wärtsilä Signs Five Year LNG Agreement
Wärtsilä signed a five year maintenance agreement with Finnish ship owner, Viking Line. The agreement, which became effective from March 1, is for maintaining and servicing the recently launched 'Viking Grace', the largest passenger ferry ever to operate on liquefied natural gas (LNG) fuel. The agreement covers the four Wärtsilä 50DF dual-fuel main engines, as well as the Wärtsilä LNGPac gas system's safety valves.
Wärtsilä to Supply Pumping Equipment for Statoil
Wärtsilä's series of pumping systems for Statoil. Wärtsilä's ability to supply a complete portfolio of solutions for the marine and offshore industry is again demonstrated…
Wärtsilä Gains €25-million on Sato Sale
Wärtsilä Corporation has sold all of its 1.987.940 shares in housing investment company Sato Oyj. Wärtsilä will record a capital gain of approximately EUR 25 million on this sale.
Wärtsilä Opens Services Workshop in Rio de Janeiro
Wärtsilä, a global leader in complete lifecycle power solutions and services, opens a new services workshop in Niterói, Rio de Janeiro, Brazil on Wednesday February 27 th 2013. The new facilities will strengthen Wärtsilä's presence in Brazil and enable Wärtsilä to support its customers by offering a wide range of workshop services with rapid response times. The new workshop will replace the company's current premises in São Cristóvão…
Wärtsilä Publish New Global Supplier Handbook
The new handbook explains the standards required of all existing and potential suppliers. This is the first time that all of Wärtsilä’s requirements and standards have been gathered into a single, easy-to-read overview. The handbook is also testimony to the many years of dedicated work performed at Wärtsilä to achieve a sustainable, world class supply chain. We strive for world-class performance in quality and on-time delivery.
Wärtsilä Earns Repeat Order from Messina
Wärtsilä has been contracted by the Korean yard STX Offshore & Shipbuilding, to supply exhaust gas cleaning systems for four new Container Ro/Ro (ConRo) vessels being built for Ignazio Messina & Co, the Italy based ship owner and operator. This latest order will enable the new vessels to comply with both current and pending environmental legislation relating to exhaust emissions. For ships sailing in European waters…
Wärtsilä Secures Finance for R&D Work
Wärtsilä and Nordic Investment Bank sign a EUR 50-million loan agreement to support Wärtsilä's R&D activities. The contract for this 10-year loan was signed in Helsinki, Finland on 13 February 2013.
Wärtsilä 2012 Profits Stay Healthy
Björn Rosengren President & CEO of Wärtsilä delivers his year 2012 financial results message to shareholders. "During 2012, we closed our largest ever acquisition with the purchase of Hamworthy.
Wärtsilä Canada Open New Repair Shop
The workshop in Victoria is fully equipped to perform overhauls and repairs on engines as well as propulsion equipment. The premises situated at 1759 Sean Heights…
Wärtsilä Appoint Marco Wirén CFO & Executive V-P
Marco Wirén appointed Chief Financial Officer, Executive Vice President & member of the Wärtsilä Corporation Board of Management. Mr Wirén (47), M.Sc. (Econ.) has broad-ranging experience of financial management and international business management. He currently works as Executive Vice President and CFO in the Swedish steel manufacturer SSAB, having held that position since 2008. Prior to joining SSAB as Vice President Business control in 2007…
Wärtsilä Back to Growth, Stable Profitability in 2012
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. “I am pleased with our result for the year 2012, which was a year…
Wärtsilä Engines for New Scottish RoPax Ferry
Wärtsilä to supply the main engines and auxiliary generating sets for a new Scottish-owned ferry. The RoPax vessel, designed for transporting both wheeled cargo and passengers, was ordered by Lloyds Banking Group and leased by Caledonian Maritime Assets, Ltd (CMAL), and is being built at the Flensburger Schiffbau Gesellschaft shipyard in Germany. The shipyard requirements were that the engines must be commercially competitive, compact and light in weight.
Philip Maguire Appointed V-P Wärtsilä Quality
Wärtsilä’s group-wide quality programme and the quality organisation will become Mr. Maguire's responsibility from 1, Feb 2013. Mr Philip Maguire, BSc (Hons) in Electrical and Electronic Engineering, will be a member of the Wärtsilä PowerTech management team and report to Lars Hellberg, President, Wärtsilä PowerTech. He succeeds Mr Osmo Härkönen who will retire at the end of January 2013. Mr Maguire joins Wärtsilä from Tetra Pak where…
Wärtsilä Powered FPSO Passes Load Tests
The new P-63 Floating Production Storage and Offloading (FPSO) is powered with Wärtsilä 50DF dual-fuel engines which passed load tests. This FPSO is the first such ship to utilize gas engines to produce more than 100 MWe of power. The tests were carried out at the Cosco shipyard in Dalian, China and the vessel will commence operations in Brazil’s offshore oil fields in 2013. Wärtsilä was contracted by the Brazilian industrial group QUIP, to provide a turnkey package for this vessel.
Two New Gas Tankships to Fit Wärtsilä DF Propulsion Packages
Wärtsilä to supply complete dual-fue (DF) propulsion packages for two new gas tankers being built for owners, Anthony Veder. The contract was signed with AVIC-International Shanghai and Avic-Dingheng Shipbuilding Co. Ltd yard, for the two Liquefied Ethylene Gas (LEG)/Liquefied Petroleum Gas (LPG) tankers being built for Anthony Veder, the Netherlands-based shipping company specialised in gas transportation, for deployment in the North Sea.
Wärtsilä AQUARIUS®UV BWMS Type Approved
Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses…
Wärtsilä Extends Licence Agreements
Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years. The four companies are HHM (Hudong Heavy Machinery Co Ltd)…
