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 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…
Wärtsilä Awarded Contract
plant for a 133,000 tdw FPSO (floating oil production, storage and offloading) vessel being built for Husky Oil Operations Ltd of Canada. a Wärtsilä gearbox. The…
Cummins, Wärtsilä Join to Provide Full Service Distributed Energy Solutions
Cummins Power Generation Americas and Wärtsilä NSD North America, Inc. have formed a joint venture, Combined Energy Systems, to provide natural gas and light fuel…
Wärtsilä Orders Surge Ahead
A dramatic increase in orders was experienced by Wärtsilä NSD Corp. for marine diesel engines in China during the first part of this year totaling more than $36.5 million.
Wärtsilä Announces Management Changes
Professor Matti Kleimola, 54, Lic.Tech. has been appointed Group Vice President, Technology and a member of Wärtsilä NSD´s Board of Management effective July 15.
Wärtsilä To Outfit Costa Classica
Wärtsilä NSD has received a contract for additional diesel engines from Italian cruise ship owner Costa Crociere to outfit its ship Costa Classica with six more…
Myriad Of Orders For Wärtsilä 200 Engines
Transocean SedcoForex of Houston, Texas, has ordered four Wärtsilä 12V200-generating sets for repowering their Transocean 135D semi-submersible offshore platform.
Wärtsilä NSD Is Back On Track, Engine Orders Up 41%
Metra's - parent company of Wärtsilä NSD - reported that its 2Q net sales were $663.6 million, comparable growth 19%. comparable growth was $19.5 million. A driving force has been Wärtsilä NSD…
Wärtsilä NSD Address Sulzer RTA84T Bedplate Fears
Citing overzealous trade reporting and seeking to set the record straight and ensure that accurate information is being disseminated, Wärtsilä NSD has issued a formal…
Wärtsilä Unveils Plans For The Future
Earlier this year, the company announced that, as The Ship Power Supplier, it offered complete marine power systems for all types of vessels, together with all associated services.
Wärtsilä Enjoys Good Success With Sulzer RTA84T's On Large Tankers
For the year 2000, Wärtsilä Corporation reports that 24 Sulzer RTA84T low-speed diesel engines with an aggregate power output of 713.4 MW (970,800 bhp) have been…