Wärtsilä’s purpose is to enable sustainable societies with smart technology. The demand for clean and flexible energy and the need for efficient and safe transportation are increasingly affecting the way that customers operate. This forms the basis for Wärtsilä’s offering of smart solutions to the marine and energy markets. With an integrated portfolio of services, systems and products, the company is well positioned to respond to the demand for energy efficient and innovative solutions. The emphasis is placed on optimising installation performance throughout the lifecycle, using data analytics and artificial intelligence to support customers’ business decisions.
With its flexible production and supply chain management, Wärtsilä constantly seeks new ways to maintain high quality and cost efficiency – often in co-operation with customers and leading industrial partners. The investments in R&D and the focus on digitalisation create a strong foundation for securing and strengthening a position at the forefront of market innovation. This innovative culture, together with a constant emphasis on safety, diversity, and high ethical standards, attracts skilled and committed people and creates the basis for a high performing organisation.
In 2018, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä has a strong Marine presence in Europe, UK, Russia, China and East Asia, while its key Energy markets are South and South East Asia, Middle East, Africa, and Central and South America. The expansion of renewable energy is also evident with major contracts awarded to Wärtsilä from Australia and the USA in 2018. North America and Asia have a strong mix of both Marine and Energy. Geographically, the hub of shipbuilding industry today is in Asia, headed by Korea and China. European shipyards concentrate on special vessels, passenger and cruise ships.
Wartsila Corp provides advanced technologies and lifecycle solutions for the marine and energy markets. It consists of one business area, the power business, and primary products are gas and diesel engines. Energy solutions supply flexible power plants operating on primarily gas and liquid fuels. The main customer segments in the energy space are utilities, independent power producers, and other industrial players. Marine solutions help shipyards and ship owners conduct business and manage moving parts. In addition, Wartsila supports customers with services and maintenance throughout the lifecycle of installations. Approximately half of total revenue derives from Asia, with the remainder split between Europe, the Americas, and other nations.