About Wärtsilä Oyj Abp
Wärtsilä Oyj Abp provides technologies and lifecycle solutions for the marine and energy markets. The company has operations in approximately 200 locations in 70 countries worldwide. Energy Solutions The company is a major supplier of flexible power plants of approximately 600 MW, capable of operating on most gas and liquid fuels. Its power plants are used for various purposes, including base load generation for national grids and industrial needs; load following, dynamic balancing services and peak power for power systems; and fast starting grid reserves. As of 2015, the company had installed 58 GW of power plant capacity in 175 countries worldwide. The portfolio of LNG solutions consists of small and medium scale terminals and distribution systems. The company is developing a range of modular products and services, and offering complete small to medium scale LNG terminals, distribution infrastructures, and liquefaction and regasification solutions. Its three primary customer segments include utilities, independent power producers and industrial customers. Competition: In larger gas-fired projects, the company competes with gas turbine manufacturers, such as GE and Siemens. In smaller gas power plant projects, and in the heavy fuel oil power plant market, the competitors are primarily other engine suppliers, such as MAN Diesel, GE Jenbacher, Caterpillar (MAK), and Rolls-Royce. Marine Solutions The company provides products and integrated solutions to improve the business of its marine, and oil and gas industry customers. The main vessel segments covered in the marine industry are traditional merchant vessels, gas carriers, cruise and ferry, navy, and special vessels. In the oil and gas industry, the company serves offshore installations and vessels, as well as land-based gas installations. The company’s product offering consists of medium-speed diesel and dual-fuel engines; low-speed engines sold through the Winterthur Gas & Diesel Ltd. joint venture; propulsion systems and gears; seals and bearings; navigation and automation systems; entertainment systems; communication and control systems; power distribution and management systems; electric power drives and motors; electrical design for complex vessels; environmental solutions, including exhaust gas cleaning, ballast water management, and fresh water systems; pumps and valves; gas systems, including LNG and LPG handling, inert gas systems, compressors, liquefaction, regasification, and equipment for small-to-medium scale onshore gas installations; and ship design. Its marine customers comprise both shipyards and ship owners. Competitors: The company’s competitors include engine companies, such as MAN D&T and Caterpillar; propeller makers, such as Schottel and Thrustmaster; and environmental and auxiliary equipment providers, including Alfa Laval. It also competes with electrical and automation houses, notably Siemens, GE, ABB, and Kongsberg; pump and gas system providers, such as Colfax and Cryostar; and companies with broad offerings, including Rolls-Royce and Hyundai Heavy Industries. Services The company supports customers in the marine, energy, and oil and gas industries throughout the lifecycle of their installations. Its service network delivers services in 160 locations. The portfolio of services – from spare parts to complete operational, maintenance, and optimization services. Engine Services: The company provides a range of services for medium- and low-speed diesel, gas, dual and multiple fuel engines, and other related systems. The offering ranges from standard engine overhauls to optimization retrofits that improve the performance of mature engine designs. Propulsion Services: The company offers a range of services throughout the lifecycle of propulsion systems. Parts, repairs, maintenance, modernization solutions, and efficiency upgrades are also provided in order to keep propulsion systems running. Seals and Bearings Services: The company provides a range of sealing, bearing, and sterntube solutions in the form of integrated systems, packages, and products. These services are provided to marine and industrial customers. Hydro and Industrial Services: The company offers seals, bearings, and associated equipment for hydro and industrial installations (in mining, paper, oil and gas), including hydropower, tidal power, and offshore wind installations. These are complemented with a range of services, ranging from repairs and fabrications to underwater services, retrofits, component reconditioning, and refurbishments. Environmental Services: The company offers a set of services aimed at improving efficiency and minimizing emissions for energy and marine installations. These solutions include fuel conversions, low NOx solutions, and propulsion efficiency services. Service Agreements: The company tailors service agreements to enable customers to choose from different levels of partnership. Technical management agreements include provisions for regular inspections, monthly reporting, and exchange programs for spare parts. Maintenance agreements provide fixed prices for inspections, technical support, spare parts, training, and maintenance work. Operations and maintenance agreements could cover complete operational, management and maintenance services, as well as installation performance guarantees. Service Projects: Project management capabilities enable the company to optimize the performance of customers' installations through upgrades, modernizations, fuel conversions, and safety solutions. Training Services: The training services offered cover all aspects of management, operational, maintenance, and safety issues, and range from traditional hands-on training to advanced remote training systems and e-learning opportunities. Research and Development The company’s research and development related expenditure totalled EUR 132 million for the year ended December 31, 2015.
