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 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…
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…
