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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 Logs More Orders For Innovative Sulzer Engine
Wärtsilä Corporation has received the second order for Sulzer RT-flex diesel engines, which are powerplants that apply common-rail fuel injection with full electronic…
Wärtsilä Puts More 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…
SpecTec, Wärtsilä join forces
SpecTec Group has signed an agreement with diesel engine company Wärtsilä whereby Wärtsilä will become a value-added distributor of SpecTec's AMOS software product range.
Finnish Patrol Class Will Boast Wärtsilä Power
Wärtsilä Corporation has received the contract to deliver four Wärtsilä 12V200 diesel engines for two patrol vessels of a new class for the Finnish Frontier Guard.
Wärtsilä Sells High Speed Engine Rights to Dresser
Wärtsilä has sold the product rights of the high-speed Wärtsilä 200 and 220 product family to Dresser Inc. Waukesha business unit in the USA. Wärtsilä will continue…
Q&A with Wärtsilä CTO Matti Kleimola
Prof. Matti Kleimola, Chief Technology Officer (CTO) for Wärtsilä Corporation, was recently elected as President of CIMAC. He is a member of Wärtsilä Board of Management…
Wärtsilä Releases New Medium-Speed Standard for the Future
The Wärtsilä 46F is the latest in the highly successful marine engine series launched in 1987 with the Vasa 46, as it was then called. Though visually similar to the original Wärtsilä 46…
Wärtsilä Launches Auxpac Standard Gen Sets
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Wärtsilä has launched Wärtsilä Auxpac, a new range of medium- and high-speed standard marine generating sets. Wärtsilä Auxpac generating sets ensure the availability of electrical power onboard marine vessels. Thanks to their modular design they can be supplied fast and at a competitive price. They are easy to install and operate and they provide low operating costs. The medium-speed generating sets are based on the Wärtsilä 20 and 26 engines and run on heavy fuel oil.
Wärtsilä to Supply Dual-Fuel Engines for Korean LNG Carriers
Wärtsilä has received an order from Hyundai Heavy Industries Co. Ltd. of Korea to supply four sets of Wärtsilä 50DF dual-fuel engines to power a series of 155,000 m3 dual-fuel-electric LNG carriers…
Lind, Mäkinen Appointed at Wärtsilä
Raimo Lind, MSc (Econ.), Group Vice President, CFO, and Mikael Mäkinen, MSc (Eng.), Naval Architect, Group Vice President, Ship Power, have been appointed Executive…
Investment in Design: Wärtsilä Italian Style
Corporation's production network. As the one-time Grandi Motori Trieste(GMT) works, a symbol of Italian industrialization in the 1970s, the factory has been the…
Wärtsilä to Acquire DEUTZ Marine Engine Service
Wärtsilä will acquire the assets of the German DEUTZ AG's medium and large marine engine service business. The acquisition price is EUR 115 million. The deal is…
Wärtsilä Extends Range of Marine Reduction Gears
Wärtsilä will extend its range of marine reduction gears and begin manufacturing these products in Khopoli, India. Production will start on the same site as Wärtsilä's existing factory.
Wärtsilä Signs Seafarer Training Contract with Odfjell
The Norwegian shipping company Odfjell ASA has extended its existing crew training contract with Wärtsilä by five years. Wärtsilä Land & Sea Academy (WLSA) will…
Wärtsilä Expands in China
Wärtsilä has signed a letter of intent with China Shipbuilding Industry Corporation (CSIC) to set up a 50/50 joint venture to manufacture marine auxiliary engines in China.
Wärtsilä Propulsion for New Ulstein AHTS
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The new Anchor Handling Tug Supply vessel of Ulstein AX104 design will be equipped with generating sets, tunnel thruster, steerable thrusters, control system and seals from Wärtsilä. In March the company received a major contract from Ulstein Verft AS in Norway for a package of generating sets, thrusters, control system and seals for an anchor-handling towing supply (AHTS) vessel ordered by Bourbon Offshore Norway AS, a subsidiary of the French marine service company Groupe Bourbon.
Wärtsilä Auxpac Generating Sets to China
Wärtsilä supplied the first of its new Wärtsilä Auxpac 20 generating sets in April. The customer is Shanghai Zhenhua Port Machinery Co. Ltd in China and the generating…
Wagenborg Shipping Orders Wärtsilä 46F Engines
The Dutch shipowner Wagenborg Shipping ordered two Wärtsilä 46F engines in April for a new feeder containership being built by IHC Holland Dredger BV at the Kinderdijk shipyard in the Netherlands.
Wärtsilä Engines for Wagenborg Containership
Wärtsilä Corporation won a contract to supply two Wärtsilä 46F engines to power an Ice class 1A, 1700 TEU open-top container feeder vessel ordered by the Dutch shipowner Wagenborg Shipping…
Wärtsilä Net Sales Estimated to Increase by 25%
The management of Wärtsilä will announce the growth estimate for 2008 and will specify the long term profitability target. Wärtsilä's net sales are estimated to increase by about 25 percent in 2008.