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Wartsila Oyj Abp

Company Profile Analysis

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Wartsila Oyj Abp - Energy & Power showcase

Year Founded & Workforce

1834

17,300 Employees

Industry

Energy & Power

Services

Marine Hybrid Propulsion System Market
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Wartsila Oyj Abp Overview

Company Headquarters: Helsinki, Finland

Founded: 1834

Workforce: ~17,300

Company Working: Wartsila Oyj Abp provides solutions for power generation and marine propulsion. It delivers customized power plant solutions including gas and oil-fired power plants. It offers a range of products including engines, reduction gears, propulsion equipment, thrusters, seals, bearings, and water Solutions. Wartsila serves marine and energy markets worldwide.

Strategy

Wartsila Oyj Abp is focused on the development of new products driven by innovation. The company aims at winning contracts from the ship builders; and collaboration, mergers & acquisitions of emerging players in the global marine hybrid propulsion system market to expand its market presence in new regions

Company Snapshot

17,300

Employees

1834

Founded

Helsinki, Finland

Headquarters

SWOT Analysis

Strengths

  • Skilled workforce
  • Strong product portfolio and customer-oriented approach
  • Extensive industry experience

Weaknesses

  • Decreasing revenue from last few years

Opportunities

  • Collaborations with key players operating in the market
  • Scope for expansion in emerging markets

Threats

  • Strong global market competition
  • Fluctuations in the global economy

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Product Offering

  • Wartsila Oyj Abp
    • Marine Hybrid Propulsion System Market

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