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
Our course is profitable growth
We enhance the business of our customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, we focus on the marine and energy markets. We provide ship power solutions and flexible power plants with related services to our customers. Through innovative products and services, we set out to be the most valued business partner of all our customers. Our strategic aim is to strengthen our leading position in our markets and to ensure continued growth by offering our customers best lifecycle efficiency and reliability available. This is made possible by an integrated equipment and service portfolio that matches customers’ needs globally.
Ship Power
Wärtsilä Ship Power supplies marine products for all types of vessels and offshore applications. As a supplier of highly rated ship power solutions, we hold a strong position in all the main marine segments.
Our strategy is to be the preferred choice of our customers by providing value adding solutions for their specific needs. This implies further strengthening of our leading position and to seek further growth by broadening our product and services offering that help customers use their power systems more efficiently, safely and in an environmentally friendly way. Our target is to further enhance our Ship Power Supplier concept by integrating components and subsystems into complete solutions and we are further deepening our expertise in areas that support our goals, such as automation and electronics, environmental offering and ship design. The continuous strengthening of our position is done through organic growth, partnerships and acquisitions.
Asia continues to be the hub of the shipbuilding industry. We will continue to reinforce our presence in Asia through partnerships, by boosting production capacity and by reinforcing our lifecycle customer support.
Services
Wärtsilä supports its customers throughout the lifecycle of their installations. We provide services and support for both ship machinery and power plants. We have the most extensive service network in the industry covering engine services, automation services, propulsion services, operations & management, reconditioning services, training services and ship services. Our service network is unique in both the breadth of its scope, and its geographical coverage. We are seeking growth through global geographical presence and through broadening our services portfolio. The services portfolio has undergone consistent development, largely through innovations and acquisitions. During recent years, our services business has experienced strong growth, and this will continue organically, through acquisitions and via partnerships. Our Services business provides a stable platform for growth.
Power Plants
Wärtsilä is a leading supplier of power plants for decentralized power generation. We aim to be the market leader in our defined segments which are flexible baseload power, industrial self-generation, grid stability and peaking, as well as power solutions for the oil and gas industry.
Our goal is to further strengthen and expand our position in the target segments globally. We see strong growth potential for our fuel flexible power plants as these provide a fl exible and efficient solution for a world where fuel availability and security are key issues. Wärtsilä is continuously expanding its fuel capabilities. Significant growth can be seen in the gas and liquid bio fuel markets. In the market for heavy fuel oil power plants, growth is more stable and Wärtsilä is focusing on carefully defined market segments where growth is higher than average. Whatever the fuel and wherever the market, Wärtsilä’s solutions maximize the efficiency of the total power plant.
Research & Development
Wärtsilä develops, designs and manufactures competitive engine and propulsion products, along with solutions based on these. In our Research & Development activities, the objective is to achieve a leading position in engine technology, and specifically in the areas of environmental technology, reliability, operational lifecycle costs and automation. The product portfolio derives from our own engineering as well as from co-operation with the strategic partners. Wärtsilä continues to develop total solutions for Ship Power and Power Plant based on customer needs and requests to offer highly efficient lifecycle performances. For the after market, we develop after market solutions including upgrades to prolong the lifecycle for customer installations and to meet future environmental regulations.
Manufacturing
Wärtsilä maintains an effective and flexible manufacturing structure designed to cope with variable market demand by deploying internal and external capacity accordingly. Our manufacturing is process oriented and managed by our Delivery Centre structure 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 performances. A top priority in this context is to ensure component availability, quality and delivery accuracy.
Environmental goals
Wärtsilä’s overriding promise is to supply power solutions offering 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 utilizing new technologies and collaborating with both our customers and other stakeholder groups. By doing this we enable the tightening of the relevant international environmental regulations of e.g. IMO and World Bank, which we consider a basis for our R&D.
Related information
Acquisitions and divestments
