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 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…
Wärtsilä Takes Over Singapore Company
Wärtsilä has signed a contract to acquire the assets and business of MMI Boiler Management Pte Ltd., the Singapore-based company specialising in the service and…
Wärtsilä Extends License Agreement With Hyundai
Wärtsilä, a marine industry solutions provider, and its South Korean partner, Hyundai Heavy Industries, Engine and Machinery Division, have signed a ten year extension to their license agreement to build Wärtsilä low-speed engines. The agreement was signed at a ceremony held on February 28, 2012, in Ulsan and covers the period from 2012 to 2021. Hyundai Heavy Industries (HHI) has through its Engine and Machinery Division been a licensee of Wärtsilä since 1975.
Algoma Selects Wärtsilä for Propulsion Installs
Algoma Central Corporation has chosen Wärtsilä to supply complete propulsion systems with integrated scrubbers for six Great Lakes vessels. The full propulsion system with integrated fresh water scrubber lowers operating costs while reducing the vessel's environmental footprint by allowing owners to use high sulphur fuels in Emission Control Area (ECA) Zones and meet sulphur emissions restrictions. This represents the first order for the new integrated Wärtsilä scrubber concept.
Wärtsilä to Design for Brazil Pipe Laying Vessels
Wärtsilä will supply the design and propulsors/positioning system for a series of two new flexible pipe laying vessels (PLVs) for advanced operations. The vessels are to be built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in the Republic of Korea. The owner and operator of the vessels is a joint venture formed between France-based energy industry company, Technip and the Brazilian oil & gas industry company, Odebrecht Óleo & Gás (OOG).
Wärtsilä CEO Addresses Challenges, Opportunities
Björn Rosengren was appointed President and CEO at Wärtsilä Corporation, as from September 1 this year. In a recent interview he told Maritime Reporter his views on the current business environment, the markets and about tasks ahead. Henrik Segercrantz reports. Wärtsilä, a leading global provider of power solutions for ships and power plants, is a global market leader in some of its segments. On the maritime side…
Wärtsilä to Acquire Hamworthy plc
Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms of the acquisition Hamworthy shareholders will receive 825 pence in cash for each Hamworthy share valuing Hamworthy's entire issued and to be issued share capital at approximately GBP 383 million.
Wärtsilä to Supply Propulsion for Containerships
The environmental sustainability and reduced operating costs of Wärtsilä's integrated propulsion solution were major factors in the winning of these orders. Wärtsilä has been awarded the contract to supply the engines and propulsion equipment for six new Ro-Ro container vessels being built for NSCSA, the National Shipping Company of Saudi Arabia. The ships are being built at the MIPO shipyard in South Korea…
Wärtsilä Donates Engine to SUNY Maritime College
Wärtsilä to donate diesel engine and equipment to SUNY Maritime College Engineering Department; Donation valued at $1 million. Wärtsilä, the marine industry’s leading solutions provider, will donate the main components of a hybrid diesel propulsion system to the Engineering Department at State University of New York Maritime College. The unveiling ceremony on October 12, 2011 serves as the official dedication and opening of the Wärtsilä Lab…
Wärtsilä to Equip First U.S. LNG OSV
Wärtsilä, the marine industry’s leading gas solutions provider, will deliver an integrated propulsion system based on the use of LNG for two offshore support vessels for operation in the Gulf of Mexico. This is the first time U.S. flagged offshore supply vessels will run on clean and efficient LNG, which offers operational savings and environmental benefits. Wärtsilä has been awarded a contract in…
Wärtsilä Tests New Two-Stroke Dual-Fuel Gas Engine
Wärtsilä has tested its new low-speed gas engine technology in trials conducted at the company's facilities in Trieste, Italy. The tests were carried out on September…
