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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 and Nuclep Sign License Agreement
Wärtsilä entered into license agreement with Brazilian company Nuclebras Equipamentos Pesados SA. The agreement grants Nuclep the right to manufacture certain types…
Wärtsilä Training Center Opens in the Philippines
Wärtsilä Land & Sea Academy has opened the doors of a new training center in Subic Bay in the Philippines on the 30 November 30. The new training center is one in…
Wärtsilä Service Acquisition in the Closed
Wärtsilä and Gerhardt Holding Co., Inc. have closed the transaction transferring the service business of Gerhardt to Wärtsilä. The business focuses on servicing…
Wärtsilä Land & Sea Academy, Subic Bay, Philippines Grand Opening
Wärtsilä Land & Sea Academy has taken a major leap in the development of its training services by opening the doors of a new training centre in Subic Bay in the Philippines on the 30 November 2005.
Wärtsilä Automation Norway and Emerson Process Management to Form Alliance
Wärtsilä's subsidiary Wärtsilä Automation Norway and Emerson Process Management, a business of the US company Emerson have decided to form an alliance to provide…
Wärtsilä Boosts Service with Gerhardt Acquisition
Wärtsilä signed an agreement to acquire the assets of Gerhardt Holding Co., Inc. The company specializes in the servicing of control and automation equipment for…
Wärtsilä Power for ORS Semi-Submersible Platform
Wärtsilä Corporation was awarded a contract in November 2005 by Yantai Raffles Shipyard in China to supply the main engines, thrusters and associated ancillary equipment…
Wärtsilä to Supply for Oil Drilling Ship
![](https://images.marinelink.com/images/maritime/w200h200c/-117.jpg)
Wärtsilä will supply six engines for reportedly, the world's largest oil drilling ship. The 46 MW order, received in October, also includes ancillary equipment in addition to the engines. The vessel is being built by Samsung Heavy Industriels Co. Ltd. in Korea. Ordered by Stena Drilling Ltd, part of the Swedish Stena group, the vessel will be used for oil and gas exploration in the Norwegian and Barents Seas. Its completion is scheduled for the end of 2007.
First Wärtsilä Marine DF Engines Ordered
Wärtsilä Corporation has received the first order for Wärtsilä 32DF marine engines. PGS Production in Norway has contracted for two Wärtsilä 18V32DF engines to be installed in the FPSO (floating…
Wärtsilä and Haldor Topsøe Team Up
program within the area of fuel cell technology. The development program aims to bring to the market highly efficient, clean and cost competitive fuel cell products…
Recent Wärtsilä Four-Stroke Engine Developments
Wärtsilä has focused its technological developments in this realm on three main areas: Common-rail fuel injection for heavy-fuel engines; Humidification methods for reduction of NOx…
Wärtsilä Negotiates Staff Reduction
production volume of the Turku Factory during the fall. Negotiations have been in progress with personnel since the beginning of August on various solutions to adjust…
Wärtsilä Acquires JMC Marine
Wärtsilä has signed a letter of intent to acquire a Danish propulsion system service company JMC Marine A/S. The company, which employs 28 people, specializes on…
Wärtsilä Confirms Layoffs at Turku
Negotiations with personnel representatives at Wärtsilä's Turku Factory have concluded. The factory will implement temporary layoffs in order to adjust the capacity to prevailing production volume.
Wärtsilä Acquires CGL
Wärtsilä has solidified a deal on September 30 to acquire the engine component reconditioning company, CGL Industries Ltd. in Canada. The acquisition consists of…
Wärtsilä Acquires CGL
Wärtsilä has acquired an engine component reconditioning company CGL Industries Ltd. in Canada. The deal was closed September 30th, 2002. The acquisition consists…
Wärtsilä to Supply IRISL Containerships
Wismar, Germany. rev/min. of 1020 kW at the same speed. in Finland. 2003 and February 2004. Kvaerner Yards. 2004. of 29.8 m. They have stowage for 2478 TEU with 200 reefer sockets.
Wärtsilä Manufactures 2000th 20 Diesel Engine
The Wärtsilä 20 engine type was introduced in 1992 as a heavy-duty diesel engine for economical, reliable operation on heavy fuel oil. In its ten years' production…
Wärtsilä Tests First Dual-Fuel Engine
dual-fuel engines for a 74,000 m3 LNG carrier. France. ship's propulsion and shipboard electrical requirements. 6L50DF engines each develop 5700 kW at 514 rev/min. plant. 2002.
Wärtsilä Aquires Caltax
Wärtsilä has acquired Dutch marine service company Caltax Marine Diesel BV, a subsidiary of the Traas van Houte Beheer BV. acquisition also consists of a workshop.