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 Appoints Rosengren President and CEO
Wärtsilä's Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice President Atlas Copco AB and as Business Area President for Atlas Copco Construction and Mining Technique, and is based in Shanghai, China.
Wärtsilä Scrubber for Containerships Ltd
Wärtsilä has signed a turnkey contract with Containerships Ltd Oy. The agreement covers the retrofitting of a Wärtsilä fresh water scrubber for the vessel Containerships VII, which is equipped with a Wärtsilä W7L64 main engine. This is Wärtsilä's first commercial marine scrubber project for a main engine. The scrubber will be delivered to the customer in August 2011. The conversion will enable the vessel to meet future sulphur oxides (SOx) emission requirements in Sulphur Emission Control Areas.
Wärtsilä Debuts More Powerful Wärtsilä 32
Wärtsilä introduced a more powerful version for marine applications of its Wärtsilä 32 engine. The engine was first introduced in the 1980s, and to date more than 4000 units have been sold to the marine industry alone. The Wärtsilä 32 engine is a choice for both the marine and land-based power plants markets. In the marine industry the engine is used for both main engine and auxiliary engine applications.
Wärtsilä New LNG Powered PSV Order
Wärtsilä has received an order for Liquefied Natural Gas (LNG) Platform Supply Vessels (PSVs). Norwegian operator Eidesvik Offshore has placed an order for its fifth gas PSV. All Eidesvik's gas PSVs, including this latest order, are designed by Wärtsilä and utilize Wärtsilä's unique dual-fuel technology. In addition to the complete design of the vessel, Wärtsilä's scope of supply for the new PSV includes the dual-fuel main engines and generating sets…
Wärtsilä Joins Sustainable Shipping Initiative
Wärtsilä has joined the Sustainable Shipping Initiative (SSI), a program initiated by Forum for the Future. The initiative brings together the industry's leading…
Wärtsilä to Power Advanced UK Research Vessel
Wärtsilä has been awarded the contract to supply the propulsion equipment for a new, state-of-the-art, research vessel. The vessel will be operated by the UK's Natural Environment Research Council (NERC), and is to be built at the C.N.P. Freire S.A. shipyard in Spain. The NERC is the UK's main agency for funding and managing world-class research, training and knowledge exchange in the environmental sciences.
Wärtsilä Dual-Fuel Technology for River Towboats
The Mississippi River and other inland rivers of the United States are home to several thousand towboats. They are vital carriers of goods and materials, and an…
Wärtsilä Corp. Interim Report
Ole Johansson, President and CEO said, "The third quarter was strong for Wärtsilä at all levels, as net sales developed according to plan, profitability was strong…
Wärtsilä and Ecospec Co-operate on Clean Power Solutions
Wärtsilä and Ecospec Global Technology, owner of the CSNOx emissions abatement technology, recently signed a Memorandum of Understanding (MOU) to work together towards the common goal of improving the environment by providing the world with clean power solutions. By combining the joint expertise of Wärtsilä and Ecospec, the carbon footprint of both marine and onshore heavy industries can be significantly reduced through the development of clean power solutions.
Wärtsilä to Manufacture Propellers at Zhenjiang CME, China
Wärtsilä has signed an agreement with Zhenjiang CME Ltd, a subsidiary of China State Shipbuilding Corporation (CSSC), to begin the manufacture of controllable pitch…
Wärtsilä Propulsion Condition Monitoring Service
Wärtsilä announced the launch of a unique Propulsion Condition Monitoring Service (PCMS), designed to provide customers with real-time data and advanced analytics…
The Wärtsilä 3C Integrate All Ship Controls
Wärtsilä launched its Wärtsilä Communication and Control Centre (Wärtsilä 3C) solution at the SMM exhibition in Hamburg, Germany on 7 September. Wärtsilä 3C is the first system to integrate the entire vessel's control into one solution, the company said. With the introduction of Wärtsilä 3C, Wärtsilä's expertise in integrating its own products and systems, such as automation, propulsion and engines…
Wärtsilä Service Agreement with Eidesvik
Wärtsilä, the marine industry's leading ship power solution provider, has signed a long term service agreement with Eidesvik Offshore, Norway, for the supply of…
Schoolenberg Appointed VP, Wärtsilä Global R&D
Trudy Schoolenberg, PhD (Tech), has been appointed Vice President, Global R&D in Wärtsilä Industrial Operations as of August 15, 2010. Schoolenberg will be responsible for global Research and Development of the Wärtsilä products. Schoolenberg has a successful career in Shell in several leading positions with strategic, operational and technology experience since 1989. Most recently she held the position of General Manager…
Wärtsilä Expands in Panama
Wärtsilä, a provider of power plant and ship power solutions and services, opened new offices and a workshop in Panama. Located in the International Business Park of Panama Pacifico…
Wärtsilä Supplies Chinese Semi-Submersible
Wärtsilä has signed a contract to deliver a ship power system for a 38,000 tonnage semi-submersible heavy-lift vessel for Chinese customer Zhejiang Share-ever Business Co., Ltd.
Wärtsilä & Robert Allan Cooperation Agreement
Wärtsilä, the marine industry's leading ship power systems integrator, has signed a Letter of Intent with Canadian ship design company Robert Allan Ltd. to develop a Strategic Cooperation Agreement.
Wärtsilä Repeat Orders from Russia
Wärtsilä has received several orders for propulsion systems from Russian organizations recently. The most recent contracts include repeat orders for integrated electro-propulsion packages for new state-owned Multipurpose Salvage Vessels, which are part of a national program to develop Russia's transportation system over the next five years. Last year, Wärtsilä was contracted to deliver an integrated…
Raytheon Anschütz, Wärtsilä Supply Agreement
The German navigation system supplier Raytheon Anschütz has signed a new agreement with Wärtsilä Corporation, Finland. According to the new agreement, Raytheon Anschütz…
Wärtsilä Selected Best Supplier by CNOOC
Wärtsilä received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After internal evaluation by project management teams…
