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
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…
Wärtsilä Buys Engine Reconditioning Business
Wärtsilä announced it has furthered its capabilities with the acquisition of the engine reconditioning business from Metalock (Singapore) Ltd. for about $5.4 million.
Wärtsilä to Power Japanese Ferries
Wärtsilä Corporation won a contract by Mitsubishi Heavy Industries to supply eight Wärtsilä 12V46 medium-speed diesel engines for two new ferries ordered by Shin-Nihonkai Ferry of Osaka in Japan.
Wärtsilä Finalizes JMC Marine Acquisition
company JMC Marine A/S has been finalized. on propulsion system maintenance based on laser measuring technology. The turnover of the company is $3.61 M with 28 employees.
Wärtsilä Receives Repeat Order
injection. They will be installed in two 30,000 tdw multipurpose carriers contracted at Shanghai Shipyard in China by Chinese-Polish Joint Stock Shipping Co (Chipolbrok). contracted in October 2001.
Wärtsilä Power for New Zealand Project Protector
The offshore patrol vessels to be built by Tenix Defence Pty Ltd for the New Zealand Navy will be equipped with Wärtsilä propulsion systems. Wärtsilä won contracts for propulsion systems for the seven-vessel Project Protector of the Royal New Zealand Navy. The main contractor for the project is the Australian defense supplier Tenix Defence Pty Ltd, on behalf of the New Zealand Ministry of Defense.
Wärtsilä Power for Keppel FELS Rigs
The semi-submersible drilling platforms for Keppel FELS will be equipped with generating sets and steerable thrusters from Wärtsilä. Wärtsilä Corporation has been awarded contracts with a total value of above 50 million EUR, by Keppel FELS Ltd in Singapore for 32 diesel generating sets to power four jack-up rigs and two semi-submersible drilling platforms. The combined output of these orders is about 115 MW. Wärtsilä will also supply steerable thrusters for the semi-submersible platforms.
Wärtsilä and MHI to Form Alliance
Wärtsilä Corporation and Mitsubishi Heavy Industries Ltd (MHI) have signed an agreement for an alliance in the field of two-stroke diesel engines. The two companies…
Wärtsilä Engines for Bulk Carriers
Wärtsilä Corporation was awarded contracts to supply RT-flex50 common-rail low-speed engines, propellers and Auxpac generating sets to Goodearth Maritime Ltd of Chennai…
