Wärtsilä

The company services the merchant, offshore, cruise and ferry, naval, fishing, tugs, yachts and special vessel markets, and the offering includes ship design, main and auxiliary engines, auxiliary power systems, electrical and automation packages, propulsors (such as water jets, thrusters, propellers, and nozzles), seals, bearings, gears, rudders, scrubbers, boilers, and all related services, such as repair, configuration, upgrading, training, maintenance, and environmental services.

Customers comprise both shipyards and ship owners. The environmental products range from reduction of air emissions, such as NOx, SOx, CO, and volatile organic compounds (VOCs), to oily waste water treatment and other water systems such as ballast water management systems.

Wärtsilä Marine was an important Finnish shipbuilder from 1935 until 1989, building cruiseferries, cruise ships and a large share of the icebreakers of the world. The former Wärtsilä Marine Turku Shipyard is now owned by Meyer Werft under its Meyer Turku subsidiary and the Helsinki shipyard is operated by Arctech.

Wärtsilä is a provider of power plants in distributed and flexible power generation. The product portfolio consists of installations up to 600 MW, running on any gaseous or liquid fuels, such as Heavy fuel oil, natural gas, liquefied natural gas (LNG), different types and qualities of fuel oils, and renewable fuels like biogas and biofuel. In addition for the reliability of traditional base power generation, the engines have the capability to start and stop quickly and they maintain their efficiency in part load, which makes them well suited for peaking power production, smart grids, and emergency power systems. They can also utilize the combined cycle and cogeneration to produce steam or hot water for heating, and trigeneration for chilled water, which can be used for air conditioning.

Wärtsilä also provides products and services for grid stability management, utilization of gas flares, pumping applications (such as pump and compression drives), financial services, and project management services for projects concerning power generation.

In May 2017, Wärtsilä signed an agreement to acquire Greensmith Energy Management Systems Inc.[8]

In March 2018, the company announced that it had delivered the world's largest solar hybrid power plant], situated in Burkina Faso.[9]

Wärtsilä provides about 25 percent of Bangladesh's total grid capacity, with the company's total power supply to Bangladesh rising to more than 4200 MW when a 105MW power plant being built by Baraka Shikalbaha Power Ltd goes fully operational in spring 2019.[10]

Wärtsilä's wide energy products and systems footprint includes the US, Germany, the UK, China, Russia, Singapore, Bangladesh, India, Indonesia, Myanmar, Senegal, the Dominican Republic, Australia, Saudi Arabia, Tanzania, Morocco, Argentina, Sierra Leone, Brazil, Finland, Mauritius, Rwanda, Honduras, El Salvador, Kazakhstan, Mexico, Jordan and Oman.

The wholly owned service network consist of over 4,500 field services professionals in more than 160 locations in over 70 countries globally, with the installed base of over 180 000 MW. The focus lies on optimising operations and life cycle performance of land based power plants and ship installations.[11]

Wärtsilä provides services, spare parts, maintenance, upgrades, and fuel conversions products for medium and low-speed gas and diesel engines and other related systems, propulsion systems, electrical & automation systems, boilers including environmental solutions regarding particulates and NOx, covering scrubber, selective catalytic reduction (SCRs), oxidation catalysts,[12] ballast water treatment systems and oily-water systems, long-term service agreements, training, condition monitoring, and condition-based maintenance and advisory services.

In January 2017, Wärtsilä and Carnival Corporation announced a 12-year performance-based agreement worth 900 million euros.[13]

Acquisitions in the Services business include Eniram in 2016, Trident B.V in 2017, and Lock-N-Stich.

On October 1, 2018 Wärtsilä announced that it would reorganize into two business areas, incorporating the Services business into the existing Marine and Energy businesses.[14]

At the end of 2017, Wärtsilä's market share in marine medium-speed main engines was 47% and in auxiliary engines 10%. Wärtsilä's market share for gas and liquid fuel power plants was 19%.[15]

Wärtsilä's biggest competitors in the marine market are MAN Diesel & Turbo, Caterpillar Inc. and Rolls-Royce plc. and in the energy market the biggest competitors are mainly gas turbine manufacturers like General Electric and Siemens.

Emma Mærsk is powered by a single low-speed Wärtsilä-Sulzer RT-flex96C engine.

Wärtsilä produces a wide range of medium-speed diesel, gas and dual- and multi-fuel engines for marine propulsion, electricity generation on board ships and for land-based power stations.

A joint venture agreement between Wärtsilä and China State Shipbuilding Corporation (CSSC) for the take-over of Wärtsilä's 2-stroke engine business was announced in July 2014 and finalized in January 2015.[16]

The engine models are generally identified by the cylinder bore diameter in centimeters, which as of 2012 range from 20 to 64 centimetres (7.9 to 25.2 inches) for medium-speed and 35 to 96 centimetres (14 to 38 inches) for low-speed engines. The smallest engine series, four-stroke medium-speed Wärtsilä 20, produces a modest 200 kW (270 hp) per cylinder while the largest, two-stroke low-speed Wärtsilä RT-flex96C, has a maximum output of 5,720 kW (7,670 hp) per cylinder. In addition, Wärtsilä also produces the most powerful medium-speed engine series in the world, Wärtsilä 64, with an output of 2,150 kW (2,880 hp) per cylinder. Depending on the engine model, Wärtsilä offers medium-speed engines in both straight and V configurations with the number of cylinders ranging from four (4L20) to twenty (20V46F), and low-speed engines in inline configuration with five (5RT-flex35) to fourteen cylinders (14RT-flex96C). The most powerful low-speed engine ever produced by Wärtsilä, a 14-cylinder version of the RT-flex96C, produces 80,080 kW (107,390 hp) and is used to propel the Mærsk E-class container ships.

In 2015, the Wärtsilä 31 engine achieved a Guinness World Records title for the most efficient 4-stroke diesel engine.[17]

Wärtsilä revealed manipulation of fuel consumption tests after an internal audit in 2016, with a few hundred engines affected.[18][19] According to the company, the customer impact of the deviations was marginal.

Key figures of Jan-Dec 2018:[20]

• Order intake – EUR 6307 million (5644)
• Order book – EUR 6166 million (5100)
• Net sales – EUR 5174 million (4911)
• Operating result – EUR 577 million (576), 11.2% of net sales (11.7%)
• Earnings per share – 0.65 euro (0.63)
• Cash flow from operating activities EUR 470 million (430)

All numbers are shown excluding non-recurring items and selling profits.

• Finnish maritime cluster
• Värtsilä

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• Official financial reporting