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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 Gensets for Sovcomflot tankers
Wärtsilä Corporation was awarded a contract by Admiralty Shipyards in St Petersburg to supply 12 generating sets based on Wärtsilä 20 diesel engines for tanker newbuildings…
Wärtsilä Generating Sets for Sovcomflot Tankers
Wärtsilä Corporation has recently been awarded a contract by Admiralty Shipyards in St Petersburg to supply 12 generating sets based on Wärtsilä 20 diesel engines…
Wärtsilä Issues Statement on Investigation
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The state prosecutor of Finland has announced that a pretrial investigation will be started into the so-called broker agreement signed by Wärtsilä in connection with marine engine sales in 1999 and 2000, and into the allegation of bribery related to this agreement. Wärtsilä will itself thoroughly investigate the matter and help the authorities in their work. The individual employed by Wärtsilä and…
Wärtsilä Reports Market Success for Engines
common-rail marine engines. million bhp). sector. Sulzer RT-flex96C type for large container liners. built under licence in Korea and Japan. containership newbuilding orders.
Wärtsilä Updates CBM
In the ever cost conscious energy markets of today, improving profitability and ensuring high levels of availability are both vital targets for every power and marine application.
Wärtsilä gensets for RFA support ship
Wärtsilä Corporation has been awarded a contract by the UK Ministry of Defence to supply four diesel generating sets for the Royal Fleet Auxiliary (RFA) vessel "Fort Austin".
EIB Grants Wärtsilä R&D Loan
The European Investment Bank (EIB) has granted Wärtsilä a research and development loan of EUR 100 million. Wärtsilä will use the loan to develop the competiveness…
Wärtsilä Dual-Fuel Engines for 153,000 m3 LNG Carrier
Wärtsilä Corporation has been awarded a contract by the French shipbuilder Chantiers de l'Atlantique to supply dual-fuel main engines for a new 153,000m3 LNG carrier.
Wärtsilä Appoints Chairman of Chinese Operations
Jukka Murtoaro, currently President of Wärtsilä Singapore, has been appointed Chairman of Wärtsilä's Chinese operations starting from January 1, 2004. Murtoaro will relocate in Shanghai.
Wärtsilä to Start Propeller Manufacture in China
Wärtsilä will begin manufacturing propellers in China. Wärtsilä's wholly owned company Wärtsilä Propulsion and Zhenjiang CME Co. Ltd (CME), wholly owned by the China…
Wärtsilä to start propeller manufacture in China
Wärtsilä will begin manufacturing propellers in China. and Zhenjiang CME Co. signed a contract to establish a joint venture company. 45%-owned by CME and its name…
Wärtsilä to Discontinue Production in Turku
The second part of Wärtsilä's business analysis, started last autumn, has now been finalized. In addition to reductions in capacity already decided, the company…
Princess Specs Wärtsilä Enviro Engines
6100 at the said shipyard will be equipped with Wärtsilä Common Rail engines. two 8-cylinder engines, all of the Wärtsilä 46 type in diesel-electric configuration…
Wärtsilä to Power Australian FPSO
Wärtsilä Corporation won a contract to supply a 31.5 MW diesel power plant for a floating production, storage and offloading (FPSO) vessel for the Mutineer-Exeter…
Wärtsilä Engines for Russian Icebreaker
Wärtsilä won an order for four engines for installation on the first Sakhalin ice breaker to be built by the Kvaerner Masa-Yards shipyard in Finland. The vessel…
Wärtsilä to Power New DE Tanker
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Wärtsilä Corporation received a contract to supply main diesel generating sets for a 19,500 dwt product/chemical tanker being built at Shanghai Edward Shipbuilding in the People's Republic of China. Delivery of the ship is scheduled in August 2005. Ordered by Sweden’s Rederi AB Donsötank, the newbuilding is a double-acting tanker (DAT) which is optimized for efficient ice-breaking when going astern and for efficient sailing in open water when going ahead.
Wärtsilä Common-Rail Engine Completes Shop Test
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engine during its official shop test in the works of HSD Engine Co Ltd in Korea. The engine develops 45,760 kW at 102 rpm, and measures about 15.8 m long and 13.5 m high. The first Sulzer RT-flex96C low-speed marine engine has completed its official shop test at HSD Engine Co Ltd in Korea. With an output of 45,760 kW, this is the largest engine to employ common-rail systems for fuel injection and valve actuation.
Hellberg Takes Post at Wärtsilä
B.Sc. (Eng.) Lars Hellberg (45) has been appointed Group Vice President, Head of Engine division and member of the Board of Management as of June 1, 2004. He joins…
Wärtsilä Power for Long-distance Towage
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Wärtsilä won a contract to provide propulsion plants for a pair of deep-sea tugs being built by Niigata Shipbuilding & Repair, Inc in Japan for the Rotterdam-based towage contractor Fairmount Marine BV. The 75-m long tugs will each be powered by a complete Wärtsilä propulsion system, comprising Wärtsilä engines, Wärtsilä gearboxes, Lips controllable pitch propellers, Lips high efficiency nozzles and a Lipstronic integrated control and manoeuvring system.
Wärtsilä Power for Long-distance Towage
Wärtsilä won a contract to provide propulsion plants for a pair of deep-sea tugs being built by Niigata Shipbuilding & Repair, Inc in Japan for the Rotterdam-based…