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 and V.Ships to Form Partnership
Wärtsilä and V.Ships agreed to cooperate on the provision of a broad spectrum of marine technical services to third parties in the marine market. Wärtsilä and V.Ships…
Wärtsilä Wins Vietnam Order
Wärtsilä received an order for a propulsion package from Vietnam in September 2007. The contract was awarded by the Ben Kien Shipyard in Haiphong and involves the…
Wärtsilä Introduces Upgraded RT-flex50 Engines
Wärtsilä has introduced a new, "-D" version of its RT-flex50 low-speed marine engine type with a higher power rating and lower fuel consumption compared with the existing "-B" version.
Wärtsilä Restructures Ship Power Unit
Wärtsilä's Ship Power is in the process of reorganizing into five Ship Power Business Segments: Merchant, Offshore, Cruise & Ferry, Navy, and Special Vessels. The…
Wärtsilä Inaugurates New Facility
Ole Johansson, President and CEO of Wärtsilä Corporation, Tage Blomberg, Group Vice President of Wärtsilä Services, Sergio Razeto, President of Wärtsilä in Italy and Lars Hellberg, Group Vice President of Wärtsilä Industrial Operations were all present at the inauguration of the new modern facilities for the Wärtsilä Delivery Centre Trieste, Italy. The Wärtsilä investment project, which started last year at the Delivery Centre Trieste in Italy, is now complete.
Wärtsilä Acquires Electrical Power Engineering
Wärtsilä has acquired a Scottish company Electrical Power Engineering (Scotland) Ltd. The company specializes in electrical power engineering solutions for marine…
Wärtsilä Joint Diesel Research Project Completed
Multinational team led by Wärtsilä and MAN Diesel completed the major Hercules cooperative research project into the technology necessary for higher-efficiency engines…
First Orders for Wärtsilä 82-cm
Wärtsilä’s licensed engine builders have in recent months booked orders for 52 of Wärtsilä’s new series of 82-cm bore low-speed marine engines with an aggregate power of 1726 MW.
Wärtsilä Completes Power, Automation and Propulsion System for FPSO
Wärtsilä was awarded a contract in May 2007 by the Brazilian offshore company Dynamic Producer Inc. to supply the entire power, automation and propulsion system…
Wärtsilä Acquires Railko
Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology. The…
Wärtsilä Opens New Training Center in Korea
Wärtsilä Land & Sea Academy (WLSA) opened a new training center in Jisa, near Pusan in South Korea. The new training center supports the growing use of Wärtsilä…
Wärtsilä Opens Office in Hanoi
Wärtsilä Corporation is expanding its representation in Vietnam by opening a branch office in Hanoi. Vietnam is a growing market for Wärtsilä's products and services to the shipping…
Wärtsilä Acquires Propeller Repair Business in the U.K.
Wärtsilä has acquired the UK-based propeller repair company McCall Propellers Ltd. The company's net sales are $12.7m with 33 employees. McCall Propellers is the…
Wärtsilä Orders Propulsion Systems
Wärtsilä Corporation is gaining an increasing volume of business from Vietnam for ship propulsion systems. The latest contract to be awarded in April by Vietnam…
Donnelly Appointed President, Wärtsilä North America
Frank W. Donnelly has been appointed President, Wärtsilä North America, Inc. He is also continuing as Vice President, Power Plants in Wärtsilä North America. After graduating from Rice University…
Donnelly Appointed President, Wärtsilä North America
Frank W. Donnelly has been appointed President, Wärtsilä North America, Inc. as of March 27th, 2007. He is also continuing as Vice President, Power Plants in Wärtsilä North America. After graduating from Rice University, Houston, Texas, Mr. Donnelly began his career with the French engine manufacturer, SACM, as its head of North American operations. During this period, he focused primarily on offshore generation for semi-submersibles and standby power for nuclear plants.
Wärtsilä Opens a Workshop in Shanghai
Wärtsilä Corporation began the first phase of a new reconditioning workshop in Shanghai, China. It will provide high-quality reconditioning services to owners and operators of marine engines, gearboxes, controllable-pitch propellers, thrusters and other ship equipment. This first phase represents an investment of EUR 2.3 million. • In-situ machining of many sorts, including crankshaft main journals…
Wärtsilä Opens New Office in Denmark
Wärtsilä celebrates the inauguration of new office and workshop premises in Hirtshals, Denmark. Over the past year Wärtsilä has invested almost $2.6m in the new building.
Wärtsilä and BW Gas Sign Training Contract
Wärtsilä Corporation and the Norwegian gas transportation company BW Gas ASA of Oslo signed a contract in January 2007 for the training of BW Gas personnel. The contract is for two years.
Wärtsilä Extends License Agreement to Yichang Marine Diesel
Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing license…