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 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.
Wärtsilä System Delivery for MPF
Wärtsilä was awarded a contract from MPF Corp. Ltd to deliver a total power system for a Multi-Purpose Floater. The MPF is planned to be completed and delivered from Dragados Offshore SA…
Wärtsilä Unveils New Waterjets
Wärtsilä Corporation introduces a new compact, high-performance waterjet that is optimized for fast vessels. The new Wärtsilä LJX waterjet offers, in comparison with other waterjets available today, a 25 percent reduction in mounting flange diameter, a 10 percent overall weight reduction and a 35 percent increase in cavitation margin. The LJX waterjet allows further innovation in fast vessel design.
Wärtsilä Acquires a German Service Company
Wärtsilä has acquired the German service company INTEC Injectortechnic GmbH. The Hamburg-based company is specialized in fuel injection equipment, providing installation…
Wärtsilä Records High Demand in LNG Sector
Demand for Wärtsilä's ship power solutions for LNG carriers and offshore applications continued to be exceptionally high during May and June. In the offshore market…
Ciserv Organization to be Integrated within Wärtsilä
Ciserv, the group of service companies owned by Wärtsilä, will be integrated within Wärtsilä's service organization with effect from May 1. Operating under the new name Wärtsilä Services…
Wärtsilä Engines to Power Viking Line Ferry
The new high-speed RoPax ferry by Viking Line will be equipped with Wärtsilä main engines and generating sets. Wärtsilä Corporation was awarded a contract in March 2006 to deliver the power plant for the new ferry contracted by the Mariehamn, Finland, based shipping company Viking Line Abp at the Helsinki shipyard of Aker Yards. The ferry will be delivered in January 2008. For this ferry, Wärtsilä will deliver four eight-cylinder Wärtsilä 46F main engines…
Wärtsilä to Supply for New Viking Ferry
The new high-speed RoPax ferry by Viking Line will be equipped with Wärtsilä main engines and generating sets for low operating costs and increased payload capacity. The new Viking Line cargo and passenger ferry will have main and auxiliary engines supplied by Wärtsilä. The order, which was received in March, comprises four Wärtsilä 46F main engines and three Wärtsilä Auxpac 20 auxiliary engine generating sets. The vessel will be built at the Helsinki shipyard of Aker Yards.
Wärtsilä Wins 16 LNG Engine Orders
In the first two months of 2006, Wärtsilä Corporation won orders for a further 16 Wärtsilä 50DF dual-fuel engines to power four LNG (liquefied natural gas) carriers contracted in Korea.
Wärtsilä to Power New Tallink Cruise Ferry
Wärtsilä Corporation was awarded a repeat order in February 2006 for main and auxiliary engines for the fourth new cruise ferry for the Estonian ferry company Tallink Grupp AS. The ferry will be built at the Helsinki shipyard of Aker Finnyards ASA in Finland with delivery in summer 2008. The Wärtsilä engines give the newbuilding a compact, low weight machinery plant with excellent fuel consumption.
New Celebrity Cruise Ship to Get Wärtsilä Engines
Wärtsilä Corporation has booked an order in February to supply environmentally-sound diesel engines to Meyer Werft in Papenburg, Germany, for the new post-Panamax…
