Wärtsilä Corporation Annual report 2013

The little things matter most

  • "Wärtsilä is well positioned to pursue growth even in today’s challenging market environment."

    Read President & CEO Björn Rosengren's message to the shareholders.

  • Expanding our manufacturing capacity in Brazil

    We began setting up a new manufacturing facility in Brazil to serve increasing local demand, particularly in the offshore market.

  • Investing in the next generation of solutions

    A strong emphasis on reasearch and development is necessary for maintaining our competitiveness. In 2013, R&D expenditure represented 4% of net sales.

  • Welcoming new faces to the Board of Management

    Pierpaolo Barbone (left) was appointed President of Services, while Marco Wirén (right) took the seat of Chief Financial Officer.

  • Combining Ship Power's 4-stroke organisation and PowerTech

    The new structure will enhance transparency, accountability and speed within our organisation. This will enable us to better support our customers in a more efficient way.

  • Introducing 2-stroke dual-fuel engine technology

    We added 2-stroke dual-fuel engine technology to our portfolio, and received the first order for this game-changing technology shortly thereafter.

Wärtsilä stories

In February, Wärtsilä received an order from Portland General Electric Company (PGE) to supply a 220 MW power plant being built near Clatskanie in the state of Oregon, USA with 12 Wärtsilä 50SG natural-gas-fuelled engines and related auxiliary equipment. Rick Tetzloff, Senior Project Manager at PGE, shares the business logic behind their selection of Wärtsilä technology.

We understand that there is too much information out there sometimes, and too little clarity. That’s why when it comes to our LNG service contracts, we want to explain things in a way that will make the most important points sing out.

In 2013, a number of coinciding developments signalled that the tipping point for liquefied natural gas (LNG) is approaching. Wärtsilä, as an early backer of LNG for both marine and land-based applications, is seizing the moment to expand its own offering into a new area: infrastructure.