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 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
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
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
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…
Wärtsilä Power for Ultra Voyager Cruise Ship
Wärtsilä Corporation has been awarded a contract by Kvaerner Masa-Yards Inc in Finland to supply six Wärtsilä 12V46 as prime movers for the main generating sets for the Ultra Voyager cruise ship recently ordered by Royal Caribbean Cruises Ltd (RCL). Due for delivery in May 2006, the Ultra Voyager is a development of the five Voyager-class cruise ships built by Kvaerner Masa-Yards for RCL. The 160,000 grt newbuilding will carry 3600 passengers with two persons in each cabin…
Wärtsilä and Meloni Reach an Agreement
Wärtsilä Italia S.p.A. and Meloni Heavy Industries S.p.A. have finalized an agreement concerning the manufacturing of welded parts. By signing this agreement Wärtsilä…
Wärtsilä Acquires John Crane-Lips
John Crane-Lips will become part of Wärtsilä following the signing of the sale and purchase agreement between Wärtsilä and John Crane-Lips´ UK-based parent Smiths Group.
Wärtsilä Negotiates Restructuring in the Netherlands
Wärtsilä will outsource manufacturing of engine components in Zwolle, the Netherlands, selling its production capacity to an outside supplier. At the same time…
Wärtsilä takes ownership of John Crane-Lips
Wärtsilä and the UK-based Smiths Group have on April 15, 2002 completed the agreement transferring John Crane-Lips, a leading global supplier of marine propulsion systems, to Wärtsilä.
Fortum Newbuildings Will Get Wärtsilä Engines
Wärtsilä Corporation has received a contract to supply the complete power systems for two 14,000 tdw product/chemical tankers under construction for the Finnish energy group Fortum.
LNG Breakthrough For Wärtsilä
Wärtsilä Corporation received an order to supply four Wärtsilä 6L50DF dual-fuel engines to power a 75,000 cu. m. LNG carrier contracted by the French gas holding…
Fortum Get Wärtsilä Engines
Wärtsilä Corporation has received a contract to supply the complete power systems for two 14,000 tdw product/chemical tankers under construction for the Finnish energy group Fortum.
Wärtsilä Reports 1Q Results
Wärtsilä's reported that net sales for the first quarter increased 17 percent to EUR 580.9 (497.4) million, despite a weakening of the global marine market and nearly…
Wärtsilä Acquires Engine Repair and Reconditioning Business
Wärtsilä entered into an agreement to acquire the engine repair and reconditioning business from Metalock Singapore Ltd., at the beginning of the year. This deal…