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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 and Zhenjiang Sign License Agreement
Wärtsilä and Zhenjiang CME Co Ltd (CME) have today jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by CME in .
Wärtsilä Wins Retrofit Order for Oily Water Separators
Wärtsilä has received a major order from Swedish shipowner Laurin The contract, signed in March 2008, calls for six Wärtsilä Senitec M1000 oily water separation…
Wärtsilä Acquires Maritime Service
Wärtsilä has acquired the Norwegian company Maritime Service AS, which specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Ålesund…
Wärtsilä Acquires Company
Wärtsilä has acquired the Norwegian company Maritime Service AS, which specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Ålesund…
Wärtsilä Lips Changes Name
Wärtsilä Lips, Inc., based in Chesapeake, Va., and a wholly-owned subsidiary of Wärtsilä Corporation (Helsinki, Finland), announced that effective February 6, 2008…
Wärtsilä Signs Ship Overhaul Contract
Wärtsilä signed in December a $13m contract with Norwegian ferry operator New Kystlink AS for an overhaul project of Kystlink's Pride of Telemark ferry. This contract…
Wärtsilä Appoints Group VP
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Mr Atte Palomäki (42) M.Sc. (pol.) has been appointed Group Vice President, Corporate Communications, as of March 1, 2008. In this new position Mr. Palomäki becomes a member of the Wärtsilä Board of Management and reports to Mr Ole Johansson, President and CEO. With this appointment Wärtsilä aims to integrate its global corporate communications, brand management, marketing communications and investor relations.
Wärtsilä Wins Bulk Orders for 72 FPPs
The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers…
Wärtsilä Wins UK Aircraft Carrier Contract
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Wärtsilä will supply main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers. Wärtsilä has been awarded the contract for approx EUR 30 million for the manufacture and supply of the main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers (CVF) by Thales Naval Division on behalf of the Aircraft Carrier Alliance.
Wärtsilä Opens Factory Extension
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Wärtsilä opened an extension to its state-of-the-art production plant in Wuxi, China. Wärtsilä's investment to the Wuxi factory, which manufactures thrusters as well as seals and bearing products for all kinds and sizes of marine vessels, totals 20.8 million euros during 2005-2007. The initial phase of the Wuxi factory represented an investment of 6.6 million euros, which was announced in June 2005. The new extension involves a further investment of 14.2 million euros this year.
Wärtsilä Opens Wokshop in South Africa
Wärtsilä Corporation opened a new engine and propeller workshop in Cape Town, South Africa. From this workshop, Wärtsilä provides the full range of services to the…
More Than 500 Wärtsilä RT-Flex Common-Rail Engines Sold
Orders for Wärtsilä RT-flex electronically-controlled common-rail marine engines have passed the 500-engine mark since the RT-flex common rail system was introduced in 1998.
Wärtsilä Engines To Power Queen Mary 2
Wärtsilä Corporation will deliver four Wärtsilä 46 EnviroEngines totaling 67.2 MW power output for Cunard Line's new luxury transatlantic liner, Queen Mary 2. These…
Wärtsilä Expands Into Biopower and Acquires an Established Company
Wärtsilä will expand its power plant range to include biomass fuelled plants. company Sermet Oy, which specializes in small and medium-sized boiler plants running on biofuels, oil and gas.
First Wärtsilä Deliveries of LNG-Fueled Engines For Offshore Vessels
Wärtsilä Corporation has received a contract to deliver eight dual-fuel engines to two offshore supply vessels. first offshore vessels using gas as a fuel. The vessels…
Orders For Low-Speed Engines For Wärtsilä
Wärtsilä reports orders for Sulzer RT-flex diesel engines for two multi-purpose carriers to be built at Shanghai Shipyard in China. The order consists of low-speed…
Wärtsilä and Volvo Penta Collaborate With Engine Sales
and later globally. vessels for both main engine and auxiliary engine duties. engines have outputs of 2,000 horsepower (1,470 kW). outputs of 108,920 horsepower (80,080 kW) . systems.
Wärtsilä and Volvo Penta to Collaborate
Wärtsilä will start servicing and selling large Volvo Penta engines for commercial shipping applications, initially in selected markets and later globally. Volvo…
Wärtsilä in Talks to Acquire John Crane-Lips
In a move aimed at extending its claim as a single source ship's propulsion supplier, Wärtsilä Corporation and Smiths Group are in exclusive discussions regarding…
Wärtsilä Bullish on Marine Business
Wärtsilä recently completed the first part of the business analysis launched at the end of July, a analysis which was launched to help refocus the corporation on…