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 Extends Licence Agreement in China
Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing licence…
Wärtsilä Acquires Swedish Environmental Tech Company
Wärtsilä has signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology…
Wärtsilä Acquires Senitec
Wärtsilä signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology products…
Wärtsilä Wins FP Propeller Order for Bulk Carriers
Wärtsilä has won a Vinashin Shipbuilding Industry Corporation contract to supply fixed pitch (FP) propellers for a series of five bulk carriers under construction for UK-based shipowner Graig Group.
Wärtsilä and HHI to Set Up Joint Venture
Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) have signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (liquefied natural gas) carriers.
Wärtsilä Seals and Bearings cover 90% of SWS Newbuilds
Wärtsilä is supplying air/oil lubricated sterntube seals and bearings to Chinese shipyard Shanghai Waigaoqiao Shipbuilding (SWS) for a series of new tankers under…
Wärtsilä Acquires Propeller Repair Business
Wärtsilä has signed an agreement to acquire the entire business of the South African company Marine Propeller (Pty) Ltd in Cape Town, South Africa. Marine Propeller…
Wärtsilä Acquisition of Schiffko Completed
Wärtsilä Corporation announced an agreement to acquire the German ship design company group Schiffko on December 7. The transaction has now been completed. Schiffko…
Wärtsilä Expands to Brazil
Wärtsilä will invest $1.5m in its Services workshop in Manaus, Brazil. The investment covers the construction of a new workshop and the purchase of new equipment to meet regional demand.
Wärtsilä and Becker to Develop Propulsion Systems
Wärtsilä and the German company Becker Marine Systems have entered into an agreement on the optimization of ship propulsion systems. Becker Marine Systems has annual…
Wärtsilä Acquires Ship Design Company
Wärtsilä Corporation has signed an agreement to acquire the German ship design company group Schiffko. Sshiffko is privately-owned and has annual net sales totalling…
Wärtsilä Land & Sea Academy Training Center Opens in India
Wärtsilä opened a Wärtsilä Land & Sea Academy (WLSA) training center at its existing technology school in Khopoli, India. This is the fourth WLSA regional centre…
Wärtsilä Invests in the Steerable Thrusters
Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is $11m. In China, Wärtsilä will invest…
Wärtsilä Acquires Swedish Ship Repair Business
Wärtsilä has signed an agreement to acquire the entire business of the Swedish company Stockholms Fartygsreparationer AB. The agreement $1m ($.8 million Euros).
Wärtsilä acquires Swedish Ship Repair Business
Wärtsilä has signed an agreement to acquire the entire business of the Swedish company Stockholms Fartygsreparationer AB. The agreement is worth 7.5 million Swedish krona (EUR 0.8 million).
Wärtsilä and MAN Diesel Propose Cooperative Research Project
MAN Diesel and Wärtsilä Corporation have agreed to propose a large scale Cooperative Research Project - Hercules-B. The target is to maximize fuel efficiency in parallel to emissions reduction.
Wärtsilä to Power Project Genesis
Wärtsilä Corporation received a contract from Aker Yards Oy, Finland, in July 2006 for the delivery of the main engines and the transverse tunnel thrusters for the 220,000 grt Project Genesis cruise ship contracted by Royal Caribbean Cruise Ltd (RCL) for operation by Royal Caribbean International. Due for delivery in autumn 2009, this cruise ship will be powered by six Wärtsilä 46 common rail diesel engines.
Wärtsilä Receives Order for 50 Propellers in China
At the beginning of September the joint-venture company Wärtsilä CME Zhenjiang Propeller Co. Ltd. in China received an order for 50 fixed pitch propellers (FPP) to be delivered to two shipyards…
Wärtsilä Engines for Royal Caribbean
Wärtsilä Corporation won an order in August to power a new cruise ship contracted by Royal Caribbean Cruises Ltd (RCL) at Meyer Werft in Germany. With this order…
Wärtsilä Debuts World’s Most Powerful Engine
The first 14-cylinder Wärtsilä RT-flex96C marine engine has a maximum continuous power output of 80,080 kW (108,920 bhp) at 102 rpm. Measuring 27.3 m long and 13.5 m high, it has an overall weight of 2300 tons. The world's first 14-cylinder low-speed engine entered service on September 1 in a large, fast container vessel. Developed by Wärtsilä Corporation, the 14-cylinder Wärtsilä RT-flex96C engine is also the world's most powerful engine with an output of 80,080 kW (108,920 bhp) at 102 rpm.