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 Opens Manufacturing Technology Center
Wärtsilä has officially opens its Manufacturing Technology Centre (MTC) in Vaasa, Finland. The MTC is a new concept for Wärtsilä, and is aimed at securing and further…
Wärtsilä New Services for Ship Lay-Ups
Wärtsilä introduces a new, comprehensive package of services, designed to cost efficiently manage hot and cold vessel lay-ups. Reduced transportation demand, over-capacity…
Wärtsilä Expands in Mexico
Wärtsilä opened its new office and workshop facilities in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home…
Wärtsilä Combines Ship Design Units
– In a move to solidify its course as a complete ship system supplier, Wärtsilä at Norshipping in announced that it will combine all its ship design units into a single entity…
Wärtsilä Ship Power Business Makes Cuts
On May 14 the Ship Power business of Wärtsilä Corporation initiated formal process to realign its organization and resources to adjust to the substantially weakened global marine market situation.
Wärtsilä Owns 100% of Wärtsilä Navim Diesel
Wärtsilä has acquired the remaining 60 percent of the shares of Wärtsilä Navim Diesel of Italy, increasing its ownership of the company to 100 percent. Wärtsilä…
Wärtsilä 32, 6000 Engines Delivered
The Wärtsilä 32 engine reached an important milestone in March as the 6000th engine rolled out of the Wärtsilä factory in Vaasa, Finland. This engine is efficient, has low emissions, and is able to run on various liquid fuels. The engine still attracts new customers worldwide both in the marine and energy industries. Moreover, most of the engines built 30 years ago are still in use. In March, the 6000th…
Netherlands, Wärtsilä Expands Services
Wärtsilä expands its services capacity in the Netherlands with new, larger premises and a modern training centre. On April 9, Wärtsilä inaugurates a new Wärtsilä…
Wärtsilä Receives 1st CWA Design Order
Wärtsilä, power system integrator, has signed a design and propulsion system order with Taiwan's Jong Shyn Shipbuilding for a product chemical tanker. The 6500 dwt vessel, due for delivery in 2011, is for CPC Corporation (CPC), a Taiwanese state-owned oil company. This is the first order through the Wärtsilä network for a design developed by Conan Wu Associates (CWA), a Wärtsilä Ship Design company, since it was acquired in September 2008.
Wärtsilä Receives Order for FSV Design
Wärtsilä, ship power system integrator for the marine industry, has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSV design vessels that will be built at the Wison Heavy Industry shipyard in China. Wärtsilä scope of supply also includes two main engines, gear boxes and propellers. Sartor Shipping has options for further newbuildings at the yard. The vessels are due for delivery in 2010 and 2011.
Wärtsilä Opens Workshop in Taranto
Wärtsilä has increased its range of engineering services available in Italy with the opening of a new workshop in Taranto, a commercial and military hub in the Puglia region of Southern Italy. Relocation to the new, larger facility provides a more suitable base from which to develop its offering in the region. The new workshop is equipped to perform overhauling services for diesel and gas engines. It is implemented in full compliance with the latest Wärtsilä workshops standards.
New Wärtsilä Office in South Korea
Wärtsilä's added to its presence in South Korea with the inauguration of its new service center and office in Eomgung, Busan, on Dec. By opening these premises, Wärtsilä will be able to centralize its business units in Korea, as Services, Ship Power, Power Plants and Industrial Operations, together with finance and administration, will eventually relocate to the new office. The new facility, located close to the new port in Busan…
Wärtsilä Acquires Vik-Sandvik
Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $169.9m, with an additional maximum sum of $48.9m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik’s turnover was $70.8 millions and the profitability is on a very good level. The number of employees is 410.
Wärtsilä Powers 5 Aker Yards Vessels
Wärtsilä has signed major contracts with Aker Yards AS Søviknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the supply of a total of 15 Wärtsilä engines, as well as power generation, automation, and other ancillary equipment.
Wärtsilä Powers Largest Dry Bulk Carriers
The RT-flex common-rail technology brings benefits to ship owners in terms of great flexibility in engine setting for lower fuel consumption, lower minimum running speeds…
Zhu Named President Wärtsilä China
John Zhu has been appointed President of Wärtsilä China, Ltd. as of January 1, 2009. Zhu’s most recent appointment was as Country Manager for Eaton Truck & Bus Components in , a position he has held since 2005. Eaton Corporation is a diversified industrial manufacturer headquartered in the . Zhu has also held other managerial positions in the automotive industry and in the consultancy business, both in and in the . Mr.
Wärtsilä Low Loss Concept Installed in PV
The Low Loss Concept was developed by Wärtsilä to save both fuel and installation costs, as well as reducing emissions and the amount of space required for component installation.
Wärtsilä Propulsion Packages for Wilson Vessels
This order follows a supply agreement from last year with for the provision of complete propulsion systems for a series of eight 8000-dwt bulk carriers currently…
MHI and Wärtsilä to Jointly Develop Small-Size Engines
Mitsubishi Heavy Industries, Ltd. (MHI) and Wärtsilä Corporation of will jointly develop new small, low-speed marine diesel engines with cylinder bores of 350 and 400 millimeters (mm). The two companies agreed on joint design and development of engines of less than 450 mm cylinder bore in May 2008, based on a previously signed strategic alliance agreement. The new engines, to have a power range of 3…
Wärtsilä Acquires Vik-Sandvik
Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide.
