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 to Power Six New Pipe-laying Vessels
Wärtsilä has been contracted to supply integrated power solutions to six new offshore Pipe Laying Vessels (PLVs) being built for operation in Brazilian waters. The…
Wärtsilä Specifies Maris ECDIS Training Package
Wärtsilä has become the latest major marine company to specify MARIS hardware and software as part of its product specific training. The MARIS ECDIS900 system is…
Wärtsilä Hamworthy Wins Contract
Wärtsilä Hamworthy has won a contract from Fincantieri Cantieri Navali Italiani S.p.A. to supply two Membrane BioReactors (MBRs) to the 141,000gt newbuilding under construction for Carnival group member P&O Cruises. Hamworthy has delivered more than 25 MBR advanced wastewater systems to the world’s largest cruise ship operator, Carnival. The company’s MBR system produces the highest quality discharge…
Wärtsilä Hamworthy Wins Fincantieri Order
Wärtsilä Hamworthy has won a contract from Fincantieri Cantieri Navali Italiani S.p.A. to supply two Membrane BioReactors (MBRs) to the 141,000gt newbuilding under…
Wärtsilä Appoint V-P R&D
Paolo Tonon, MSc (Eng), (42) has been appointed Vice President, R&D of Wärtsilä Industrial Operations. Mr Tonon will be responsible for the Research and Development of Wärtsilä products. Mr Tonon, who joined Wärtsilä in 1998, has successfully held several leading strategic, operational and technology positions. Prior to this current appointment he has, since 2009, been Vice President, Product Centre Automation…
Wärtsilä Supports Sail Training
Wärtsilä has made a 10 year anchor partner agreement with STAF, a non-profit charity organisation founded to organise sail training voyages, especially for the young.
Wärtsilä New Engine Test Successful
This new Wärtsilä engine supports the industry’s need for low-speed, 2-stroke engines for smaller vessels. It offers lower operating costs and improved environmental sustainability. With the addition of this engine, Wärtsilä now has an additional 2-stroke engine that can be fitted to smaller vessel types. The derated engine runs on lower rpm’s and features reduced fuel consumption, thereby enabling lower emission values to be achieved – including smokeless operation…
Wärtsilä Broadens BWT Offerings
Wärtsilä offers wide range of Ballast Water Management Systems and associated services in the market. Wärtsilä has an agreement with Canada-based Trojan Technologies to offer the Marinex ballast water management system (BWMS), alongside the Wartsila Hamworthy AQUARIUSTM range, which was introduced to the market last year. Wärtsilä now offers a wide range of BWMS and associated services in the market.
Wärtsilä Milestone: Supplies to 100th LNG Carrier
Wärtsilä has now been contracted to supply Wärtsilä 50DF dual-fuel propulsion engines to 100 Liquefied Natural Gas (LNG) Carrier vessels. This notable milestone…
Wärtsilä Appoints Compliance Director
Wärtsilä’s focus on compliance is strengthened with a new Compliance Function and Ms Sari Kolu has been appointed Director, Compliance. In this role, she will be responsible for globally developing, managing and reviewing group level policies and practices within Wärtsilä to promote and assure compliance with all applicable laws and the principles of good corporate citizenship. Prior to joining Wärtsilä…
Wärtsilä Hamworthy Get Petrobras Flare Gas Recovery Contract
The units, each of which will be able to handle 150,000bpd, are to be deployed on the pre-salt fields, off Santos, Brazil. Three of the FPSOs will be utilised for…
Wärtsilä Hamworthy Wins Petrobras Contract
Wärtsilä Hamworthy has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras. The units, each of which will be able to handle 150,000bpd, are to be deployed on the pre-salt fields, off Santos, Brazil. Three of the FPSOs will be utilised for Block BM-S-11 Lula (Tupi) and one will go to Block BM-S-9 Guara.
Wärtsilä to Power European Inland Waterway Newbuilding
The contract includes the supply of two 6-cylinder Wärtsilä 20DF dual-fuel medium-speed engines. The new dry-cargo carrier will be part of the 'ECO2 Inland Vessel' project…
Wärtsilä Finland Oy Appoint New President
Stefan Damlin (44) has been appointed President of Wärtsilä Finland Oy as of 1 July 2012. Damlin, who since 1991 has experience of a variety of leading positions within finance and business development in Wärtsilä, will continue his responsibility for business development within Wärtsilä Industrial Operations (WIO) and he is a member of the WIO management team. WIO consists of production and product development.
Wärtsilä Adds New X-generation 92-bore Marine Diesel Engine
Wärtsilä extends its offering in the low-speed X-generation engine series with the new Wärtsilä X92 engine, to the upper end of its portfolio with a bore of 920 mm.
Wärtsilä Interim Report January – March 2012
"The year has started rather well with order intake increasing by 13%. Our profitability was 10.1% and we are well on track to reach our targets for this year. Our…
Wärtsilä Hamworthy Wins Another Höegh FSRU Contract
Working together with Sinopacific Offshore and Engineering (SOE) Wärtsilä Hamworthy will design and supply the system concept whilst the key equipment and fabrication will be supplied by SOE. The floating regasification market is experiencing significant uptake and Höegh have projected annual growth in the LNG market of 6-7% over the coming few years. Reidar Strande, LNG Business Unit Director…
Wärtsilä Engine Selected for Korean Green Project
Wärtsilä dual-fuel technology selected for 'green ship' project by South Korea Government. Wärtsilä has been contracted to supply the main engine for a Korean government Incheon Port Authority (IPA) Guideship. Environmental sustainablility is a priority for this ship. The 200 gross tonnage Guideship is to be designed and coordinated by Samsung Heavy Industries (SHI) in Korea on behalf of the state-owned Incheon Port Authority (IPA).
Wärtsilä Signs Service Agreement With Prestige Cruise Holdings
Wärtsilä has signed a five-year service agreement with U.S.-based Prestige Cruise Holdings Inc. (Prestige), the parent company of Oceania Cruises and Regent Seven Seas Cruises.
Wärtsilä Launches Medium Voltage Power Drive Technology
Wärtsilä has launched its new Medium Voltage Power Drive. The product will enable the delivery of electro and automation systems for large, electric propulsion vessels…
