Mission
We provide lifecycle power solutions to enhance the business of our customers, whilst creating better technologies that benefit both the customer and the environment.
Vision
We will be the most valued business partner of all our customers.
Strategy
We enhance the business of our customers in the marine and energy markets by providing them with complete power solutions. We offer innovative products, services and solutions, based on constantly better and environmentally compatible technologies. Our vision is to be the most valuedbusiness partner of all our customers.
Our strategic aim is to strengthen the leading position we enjoy in our markets, and to ensure continued growth. We rely on our capability to integrate and deliver solutions from our broad equipment and service portfolio which meet the specific needs of our customer segments globally. Our priority is to offer the best efficiency, reliability and value available.
Ship Power
Wärtsilä Ship Power is the leading provider of engine room, propulsion, and automation and electrical solutions with a strong position in all the main marine segments.
Our vision is to be a trusted partner of shipyards and shipowners and operators of all types of marine and offshore vessels through their life cycle, from design to services. With the broadest product and service portfolio in the industry, the ability to combine equipment and services into larger systems and solutions, and a truly global sales and service network, we are in a unique competitive position.
We understand that an attractive value proposition to our customers requires a deep knowledge of both our customers and their businesses. We know the importance of product prices, delivery precision, ease of installation and project management to our shipyard customers. We understand the priority our shipowner customers place on performance parameters like reliability, efficiency, support and cost. We are committed to develop and deliver solutions that help them achieve their business goals.
We are organised along five customer segments, each focused on meeting the specific needs of its customers. Our ship design capabilities allow us to tackle this task with the whole vessel in mind. We are capable of providing the optimal solution for our customer, from the very first, crucial specification decisions to the final operation phases.
We will continue to broaden our offering and capabilities through own development, partnerships and focused acquisitions. We will also continue to strengthen our geographic presence in our key markets, especially in Asia, but also in Brazil and Russia.
Services
Wärtsilä Services supports its customers’ business by providing the best services globally, 7 days a week, 24 hours a day. Our wide and innovative service range optimises the operating efficiency and value of the serviced ship equipment, offshore installations and power plants.
We are the leader in the industry with our unique offering of the widest scope of services from the most extensive whollyowned service network in the world. We offer engine services, electrical and automation services, propulsion services, boiler services, operations & management and training services. Our offering comprises services beyond our own brands. We also go beyond standard products and always seek out the best technologies and customised solutions for our customers. These can include fuel conversions, retrofitted performance propulsor packages, environmental retrofits, or condition-based maintenance.
During recent years, our Services business has experienced strong growth and growth will continue through organic expansion, through acquisitions and via partnerships. We continue to develop both our global geographical presence and to broaden our services. Our position in the market provides a solid platform for further growth and a stable contribution to the Wärtsilä Group.
Power Plants
Wärtsilä Power Plants is a leading supplier of power plants for decentralised power generation. We provide superior value to our customers with our distributed, flexible, efficient and environmentally advanced energy solutions, which enable a global transition to a more sustainable and modern energy infrastructure.
We focus on products and services, businesses and projects that provide unquestionable environmental benefits, and make economic sense. We are an active enabler of renewable energy sources and other sustainable and modern energy solutions, for instance as an operationally flexible part of the grid or as backup to wind power.
We aim to be the market leader in our target segments: flexible baseload power, industrial self-generation, grid stability and peaking, and power solutions for the oil and gas industry. We have the ability to fulfil their specific needs through a strong local sales and service organisation, superior turnkey project execution, full operations support, and a distinctive product offering.
Our products are based on tried and tested concepts and deliver competitive costs, high efficiency, operational flexibility, low environmental impact, and exceptional, continuously expanding fuel flexibility. In a world where fuel availability and security are major concerns, this opens strong growth opportunities, especially in gas and liquid biofuel applications. Whatever the fuel and wherever the market, Wärtsilä’s solutions maximise the efficiency of the total power plant.
Research & Development
Wärtsilä develops, designs and manufactures competitive engine, propulsions, emission cleaning and automation products, along with solutions based on these. In our Research & Development activities, the objective is to achieve a leading position in product technology, and specifically in the areas of environmental technology, reliability, efficiency and operational costs and automation, and to be proactive in creating innovations. The product portfolio derives from our own key competences in engineering, as well as from long-term co-operation with the strategic partners. Wärtsilä continues to develop total solutions for Ship Power and Power Plants based on customer needs and requests to offer highly efficient performance. For the after market, we develop after market solutions including upgrades to prolong the life cycle of customer installations and to meet future environmental regulations.
Manufacturing
Wärtsilä maintains an effective and flexible manufacturing structure designed to cope with varying market demand by deploying internal and external capacity accordingly. Our manufacturing is process oriented and managed by our Delivery Centre structure that is accountable from order intake, product engineering, operational purchasing and assembly, to dispatch of the products. We work in close collaboration with partners and suppliers to ensure excellent supply chain performance. A top priority in this context is to secure component availability, quality, and delivery accuracy. Our low-speed engines are manufactured at selected licensees located in key shipbuilding countries in Asia, Europe and South America based on long-term technical co-operation and assistance agreements.
Environmental targets
Wärtsilä’s overriding promise is to supply power solutions that offer high efficiency with low environmental load. Our objective is to continuously improve the environmental performance of our products and services, and to maintain technological leadership by utilising new technologies and collaborating with both our customers and other stakeholder groups. By doing this we enable the tightening of global environmental regulations and guidelines.
Social responsibility
Wärtsilä acts as a good corporate citizen wherever we are active. Our business operations and relations with our stakeholders are governed by our Code of Conduct. We seek to offer our employees an interesting and exciting workplace where openness, respect, trust, equal opportunity and scope for personal development prevail. A further aim is to offer a hazardfree working environment to our employees and contractors, and to minimise the health and safety risks associated with the use of our products and services. Supply chain management and development are integral elements of our operations.
Related information
Acquisitions and divestments
