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 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…
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
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…
