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
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.
Wärtsilä Engines in Production in Korea
Korea. (Chipolbrok). 16,520 kW (22,470 bhp) at 114 rev/min. The first of these engines passed its official shop test in the Ulsan works on January 27. The second…
Wärtsilä Posts 1Q Loss, But Outlook For Year Good
Wärtsilä posted a first-quarter loss, hit by restructuring charges, but said it expected full-year results at its key power divisions to reach last year's level.
Wärtsilä Acquires Reconditioning Business from Metalock
Wärtsilä will acquire the engine reconditioning business from Metalock (Singapore) Ltd. The acquisition will consist of the marine engine repair and recondition business and the workshop.
Repeat Orders for Wärtsilä 6L64 Engines
Wärtsilä Corporation has received repeat orders for the Wärtsilä 64, the company’s powerful medium-speed diesel engine. Four Wärtsilä 6L64 engines were ordered at…
Carnival, Wärtsilä Clearing The Air
As the world's cruise lines grow exponentially larger and are increasingly falling under the gaze of environmental and regulatory bodies, the push to ensure that ships are run safely…
Industrial Espionage Suspected At Wärtsilä
Wärtsilä's unit in Vaasa, Finland, has been hit by a case of serious industrial espionage, a regional paper Pohjalainen reported. "The police are investigating the case…
Wärtsilä Wins Environmental Award
Det Norske Veritas granted Wärtsilä's Finnish companies, Wärtsilä Finland Oy and Wärtsilä Technology Oy, ISO 14001 environmental certification in recognition of…
Wärtsilä Increases Shareholding In Wärtsilä India
Wärtsilä Corporation, holding at present 51% of the shares in Wärtsilä India Ltd., has made a public offer to the minority shareholders to acquire up to 49% of the shares in the Company.
Wärtsilä Powers New Bay-class Landing Ships
Wärtsilä Corporation has received the contract to supply the diesel generating sets for two new Bay-class Alternative Landing Ships Logistic (ALSL) building for the UK RFA.
Wärtsilä To Power Grimaldi Ferries
Contracted by Nuovi Cantieri Apuania SpA in Marina Di Carrara, Italy, another pair of luxury cruise ferries for the Italian-based Grimaldi group is to be powered by Wärtsilä NSD Corp.
