Wärtsilä

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Wärtsilä Oyj Abp

logo
legal form Joint stock company (Finland)
ISIN FI0009003727
founding 1834
Seat Helsinki , FinlandFinlandFinland 
management Jaakko Eskola (President and CEO )
Mikael Lilius ( Chairman )
Number of employees 19,294
sales 5.147 billion euros
Branch Machine and engine construction
Website www.wartsila.com
As of December 31, 2018

The Wärtsilä Corporation ( Finnish Wärtsilä Oyj Abp ) is a listed group with its headquarters in Helsinki , Finland . The company is one of the leading manufacturers of power plants and marine engines and has three main business areas:

  • the energy solutions with focus on the energy market
  • the marine industry solutions ( Marine Solutions ) with a focus on the marine industry
  • the services to support the installations of both markets; this includes more than 200 branches in almost 70 countries worldwide.

history

The Wärtsilä Group goes back to a sawmill founded in 1834 in the North Karelian industrial town of Värtsilä (today Wjartsilja , Russia). The industrialist Nils Ludvig Arppe took over the sawmill in 1836 and founded an ironworks in 1851 . The Wärtsilä Group emerged from the Arppes estate in 1898 and was renamed Oy Wärtsilä Ab in 1907 . The first bankruptcy occurred in 1932, with workers foregoing 25% of their wages. Just one year later, dividends could be paid to the shareholders again. In 1935 the company headquarters was relocated from Värtsilä to Helsinki. After signing a license agreement with Friedrich Krupp Germaniawerft AG , the construction of diesel engines began. The first engine was completed in 1942.

With the takeover of the Finnish company Koneja Siltarakennus , ships were built in the Wärtsilä Group from 1938 . 1974 began the construction of a new shipyard near Turku ; operations began in 1983. In 1979 the expanding international business activities were organized into six corporate divisions: shipyard, diesel engines, mechanical engineering, technical porcelain, metal processing (locking systems) and consumer goods. In 1982 a German branch was founded in Hamburg . After the second international IPO in 1984, Wärtsilä was the first Finnish company to have its shares listed on the London Stock Exchange. A specialty of the shipyard was the construction of ice breakers (e.g. Sampo or Kontio ) and ferries (e.g. Ilmatar (1964)).

The shipyard crisis in the mid-1980s led to consolidations . The Finnish company Valmet took over the manufacture of paper processing machines, for which the shipbuilding activities of both companies were merged at the beginning of 1987 as Wärtsilä Marine . But on October 23, 1989, Wärtsilä Marine had to file for bankruptcy.

As a result of the lower demand for ships, smaller engine manufacturers also got into financial difficulties, which led to a series of acquisitions within the diesel division. In 1986 Wärtsilä Diesel took over a majority in the Norwegian manufacturer Wichmann and from then on operated the factory in Rubbestadneset under the name Wartsila-Wichmann Diesel . In 1998 Wärtsilä Diesel acquired the rights to the engines of the Dutch Bolnes Motorenfabriek , but stopped production and focused on the maintenance of the existing engines. In 1989 Wärtsilä Diesel took over the French engine manufacturer SACM and a majority stake in the Dutch engine manufacturer Stork Werkspoor ; the company was now run under the name Stork-Wärtsilä Diesel .

Metra was created in 1990 with the merger of Wärtsilä and Lohja. Cooperation between Wärtsilä and the American engine manufacturer Cummins began in 1995 as part of extensive reorganization measures . A year later, Metra and the Italian shipbuilding group Fincantieri decided to merge Wärtsilä Diesel , New Sulzer Diesel and Diesel Ricerche to form the Wärtsilä NSD Corporation . This gave Fincantieri a 15% stake in the largest department at Metra. The merger also included a 40% stake in Grandi Motori Trieste (GMT); the remaining 60% remained with Fincantieri until the complete takeover in 1999. The Italian company sold its 15.4% stake in Wärtsilä NSD to Metra in 2000. At an extraordinary meeting of Metra's shareholders on September 13, 2000, it was decided to rename Metra to Wärtsilä. The new company started work on September 22, 2000 with the entry in the Finnish Commercial Register .

In the same year the Italian branch ( Wärtsilä Italia SpA ) was founded in Trieste . By 2007, production of the ZA40 (from Sulzer ), 38, 26 (previously built in Zwolle ), 46, 46F and 50DF (previously built in Turku ) engine series was relocated to Trieste.

On April 1, 2005, the German branch took over the activities of Deutz MWM Marine Service . As Wärtsilä Deutschland GmbH , it carries out repair and service activities for German shipping companies.

In 2006 Wärtsilä took over the Hamburg company Schiffko, which specializes in the planning and design of container , research and polar ships . A new, lavish research ship is currently being processed: For more than 500 million euros, the Aurora Borealis will be launched in 2014 as an icebreaker , drilling and multi-purpose research ship.

In July 2013, the company announced that the fastest ferry in the world (powered by two Wärtsilä LJX1720SR waterjet propulsion systems ) is now ready for commercial operation after testing.

On January 19, 2015, Wärtsilä sold its two-stroke engine division with around 350 employees to the joint venture Winterthur Gas & Diesel , which was founded together with the China State Shipbuilding Corporation (CSSC) , with CSSC taking 70% and Wärtsilä 30% of the shares.

On June 1, 2015, Wärtsilä bought the Marine Systems International group of US arms company L-3 Communications for 295 million euros . The approximately 1700 employees in the companies SAM Electronics, Valmarine, Lyngsø Marine, Dynamic Positioning & Control Systems, Jovyatlas Euroatlas, ELAC Nautik, FUNA, GA International and APSS expanded the existing electrical and automation business.

Business activity

The company's core products are diesel engines , which are used both as main or auxiliary engines on ships and for generating energy in power plants. Engine construction takes place in factories in Vaasa, Finland, and Trieste, Italy.

shipping

The company's specialty was originally medium-speed four-stroke engines with up to 18 cylinders and an output of 18,900  kW (25,700 hp). Since the takeover of the activities of the Swiss company New Sulzer Diesel from Fincantieri , which was mainly active in the two-stroke marine propulsion sector, Wärtsilä has competed with the world's leading manufacturer MAN Diesel . With the product takeover from Sulzer (now also under the name Wärtsilä since the beginning of 2006 ), Wärtsilä also has the largest and most economical two-stroke internal combustion engines for tanker and container shipping in its portfolio . The most powerful Wärtsilä -Zweitaktmotor (Type 14RT-flex96C ) with 14 cylinders and a piston diameter of 96 cm designed with four ABB - turbochargers a capacity of more than 80,000  kW (108,800 hp). It is the main propulsion system in the Emma Mærsk class container ships . The product range extends from low power classes with four-stroke drives and engines from around 2,000 kW (2720 hp) to over 130,000 kW.

In order to meet the trend towards slow-moving and more energy-efficient ships (see Slow steaming and Green shipping ), Wärtsilä introduced the new generation X engine range in 2011. This is characterized by lower fuel consumption, higher power density and higher efficiency.

Power generation

In the field of power plant technology, plants up to 500 MW are built that use diesel, crude oil , natural gas , heating oil , biodiesel and / or liquefied natural gas (LNG) as fuel (s) . In 2010 Africa's largest gas power plant was planned in Cameroon. Wärtsilä 18V50DF dual-fuel diesel engines are used to drive the generators. The power plant is to be built in Kribi, a port on the Cameroon coast.

Wärtsilä also offers products and services for grid stability in energy supply such as B. pump and compression drives, as well as financial services and project management services in the field of power generation.

In East Timor , Wärtsilä has been operating the Hera , Central Eléctrica de Betano and Inur-Sacato power plants for several years . The operating contract with Electricidade de Timor-Leste (EDTL) runs until 2022.

gallery

  • Headquarters in Helsinki

  • Hamburg branch

  • Hamburg branch

  • Hamburg branch

  • Winterthur branch

Web links

Commons : Wärtsilä  - collection of images

Individual evidence

  1. ↑ a b c Wärtsilä: Financial Statements Bulletin 2018. (PDF) January 30, 2019, accessed on February 6, 2019 (English).
  2. ^ Board of Directors
  3. ↑ Wartsila Becomes Major Shareholder In Wichmann - New Company Formed , accessed on January 13, 2019
  4. ↑ Wartsila Acquires Bolnes Motorenfabriek After-Sales Operations , accessed on January 13, 2019
  5. ↑ The History of Wärtsilä 1834-1990 , accessed on January 13, 2019
  6. ^ The History of Metra , accessed January 15, 2013
  7. ↑ Background to Wärtsilä in Italy ( Memento of the original from March 16, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed January 15, 2013 @1@ 2Template: Webachiv / IABot / www.wartsila.com
  8. ↑ The world's fastest high speed ferry is powered by Wärtsilä Axial Waterjets ( Memento of the original from July 26, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.wartsila.com
  9. ^ Wärtsilä: Sold and renamed . Der Landbote, January 20, 2015
  10. ↑ Wärtsilä completes acquisition of L-3 Marine Systems International . May 29, 2015
  11. ↑ Timor-Leste thermal power stations managed and maintained by the Finnish group . October 12, 2017, accessed January 15, 2018