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 Sells first Nitrogen Oxides Reducers
The Wärtsilä NOR units are selective catalytic reduction (SCR) converters that will meet the stringent requirements of IMO Tier III emissions control regulations with regard to NOX reduction. Wärtsilä has received an order from Edda Accomodation, which is part of the Østensjø Group in Norway, to supply six Wärtsilä Nitrogen Oxides Reducer (NOR) units for an accommodation vessel. They will be installed on the six nine-cylinder Wärtsilä 26 generating sets…
Wärtsilä Books Orders for 820 mm-Bore Low-Speed Engines
The new 820 mm-bore low-speed marine engines developed by Wärtsilä Corporation are proving to be successful in the market. With the second engine passing its factory acceptance test…
Wärtsilä Expands Boiler Services
Wärtsilä continues to expand its boiler services with the acquisition of the boiler services business of International Combustion Engineering's (I.C.E.) former subsidiary in .
Wärtsilä Completes Senitec Acquisition
Senitec, the Swedish oil and water treatment solutions supplier, has now been fully integrated into Wärtsilä Corporation, marking the final stage of the company's acquisition process.Wärtsilä acquired Senitec in February 2007 and the company has operated as a separate legal entity under the name Wärtsilä As of June 1, Wärtsilä Senitec has merged with Wärtsilä and now forms part of Wärtsilä Sweden AB.
Wärtsilä Inaugurates Research Engine in Switzerland
Wärtsilä Corporation inaugurated its new RTX-4 full-scale, low-speed research engine in its Diesel Technology Centre in . This large, RTX-4 research engine is employed in furthering the development of Wärtsilä low-speed marine engines to meet market needs such as further improved reliability, longer times between overhauls, greater fuel efficiency and lower exhaust gas emissions, especially NOX and CO2.
Wärtsilä to Centralize Warehousing and Logistics of Spare Parts
Wärtsilä is centralizing the spare parts logistics and by building a new spare parts distribution centre in the . A large and modern central warehouse is planned…
MHI, Wärtsilä Agree on Engine Development
Mitsubishi Heavy Industries, Ltd. (MHI) and Wärtsilä Corporation of Finland have signed a joint development agreement on May 15, 2008 to design and develop new small…
Hitachi Completes Wärtsilä RT-flex CR Engine
Hitachi is the eleventh engine builder in the Wärtsilä family of engine licensees to manufacture Wärtsilä RT-flex electronically-controlled common-rail marine engines.
Wärtsilä Expands in Norway
Wärtsilä in Norway has experienced strong growth in recent years, particularly in the offshore segment, a target area on which Wärtsilä's Oslo team will be heavily focused.
Wärtsilä and Emerson Announce Expansion
Wärtsilä and Emerson Process Management at the Offshore Technology Conference in Houston announced yesterday an expansion of their global offshore alliance. Under this expansion, they can now deliver integrated energy and automation systems for Floating Production Storage and Offloading vessels and semi submersible oil and gas drilling rigs. The companies' expanded relationship combines the process…
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
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
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
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.
