1834 Wärtsilä is established when the governor
of the county of Karelia approves the construction of a sawmill by a
rapids in the municipality of Tohmajärvi on 12th April. Some years later
the sawmill becomes the property of N. L. Arppe.
1851 The Wärtsilä iron mill is built in place of the sawmill.
1898 The sawmill changes hands and consequently the
sawmill and iron works company is renamed Wärtsilä Ab, which becomes a
new company called Ab Wärtsilä Oy in 1907.
1908 The power station by Saario rapids starts
operating. Wärtsilä has become a modern smelting plant and steel mill
running on electricity generated by the rapids it owns.
1926 Wilhelm Wahlforss becomes President of Wärtsilä.
1930 Wärtsilä’s galvanization factory manufacturing magnetically galvanized wire is completed.
1931 Wärtsilä is on the brink of bankruptcy. Workers agree to a 25% cut in wages.
But already in next year Wärtsilä pays a dividend to its shareholders for the first time in a decade.
1935 Wärtsilä acquires a majority holding in Kone-
ja Siltarakennus Oy (Machine and Bridge Construction Ltd), gaining also
control of the Hietalahti shipyard (est’d 1865) in Helsinki and the
Crichton-Vulcan shipyard (est’d 1741) in Turku. Kone- ja Siltarakennus
Oy manufactures for example paper machines and Abloy locks. Soon
Wärtsilä's headquarters move from Karelia to Helsinki.
1936 Wärtsilä acquires the Onkilahti engineering
workshop in Vaasa and the next year the Pietarsaari workshop in the town
of Pietarsaari.
1938 Kone ja Silta (Machine and Bridge) group is
merged with Wärtsilä, along with the iron mill Taalintehdas (est’d 1686)
just acquired, and the Turku, Pietarsaari and Vaasa subsidiaries.
After that Wärtsilä-Yhtymä O/Y (Wärtsilä Group Ltd) is established under chief executive Wilhelm Wahlforss.
1938 The diesel engine era begins when Wärtsilä
signs a licence agreement with Friedrich Krupp Germania Werft AG in
Germany. The first diesel engine sees the light of day in Turku in
November 1942.
1947 Wärtsilä acquires most of the ceramics factory Arabia Ab’s share capital and later the entire company.
1950 Wärtsilä acquires the Nuutajärvi glass factory.
1961 Inauguration of the Wärtsilä Technical College in Joensuu, donated by Wärtsilä.
1961 Bertel Långhjelm is appointed CEO of the group after Wilhelm Wahlforss.
1965 The company is renamed Oy Wärtsilä Ab. The next
year the Crichton-Vulcan shipyard is renamed the Turku Shipyard and the
Hietalahti shipyard becomes Helsinki Shipyard.
1968 Joensuun Lukkotehdas (The Joensuu Lock Factory)
is completed and the manufacturing of Abloy locks is transferred there
from Helsinki Factory (former Kone ja Silta Oy).
1970 Tankmar Horn becomes chief executive officer.
1970 Wärtsilä's new Järvenpää factory is completed where e.g. paper machine production moves there from the Helsinki factory.
1971 Sanitary ware production of Arabia is moved to the new factory in Tammisaari.
1974 Wärtsilä begins to build a new shipyard to Perno, Turku, where the whole Turku Shipyard will move by 1983.
1978 Wärtsilä’s head office is moved to
Pitkänsillanranta 1 in Helsinki, a property gained by the company when
it acquired the John Stenberg engineering workshop in 1975.
1978 Tor Stolpe becomes chief executive officer.
1978 Acquisition of 51% of the NOHAB diesel business
from Bofors in Sweden, marking the beginning of Wärtsilä’s
international manufacturing operations. The remaining shares are
acquired in 1984.
1978 Wärtsilä acquires Björkboda lock factory.
1979 As a result of structural rationalization Taalintehdas is merged with Ovako Oy of which Wärtsilä has the biggest hold.
1979 A new organization is introduced based on six
business groups: shipyard, diesel, mechanical engineering, technical
porcelain, locks, and consumer goods.
1983 Wärtsilä floats a share series on the Stockholm stock exchange.
1984 Wärtsilä floats its second share issue for
international investors and is the first Finnish company to be quoted on
the London stock exchange.
1986 A crisis in the global marine industry that had
lasted several years leads Wärtsilä to pool its marine resources with
Valmet, resulting in the establishment of Wärtsilä Marine Oy. Valmet’s
shipbuilding activities are joined with Wärtsilä’s while Wärtsilä’s
paper machines are transferred to Valmet.
1986 Wärtsilä Cimtec is formed when Wärtsilä
acquires two factory automation companies: GCA Corporation's Industrial
Systems division in USA and Oy W. Rosenlew Ab's Automation division in
Finland.
1988 A company is set up in India and floated on the Bombay stock exchange. The diesel engine assembly plant in Khopoli is built.
1989 Pekka Laine is named President and CEO in June.
1989 Wärtsilä Marine Oy is filed for bankruptcy in October.
1989 Wärtsilä Diesel acquires the French SACM, a manufacturer of high-speed engines.
Wärtsilä acquires a majority holding in the Dutch company Stork
Werkspoor B.V., which makes medium-speed engines. This company is
renamed Stork-Wärtsilä Diesel B.V.
1989 Klaus Grönbärj appointed President of Wärtsilä.
1989 Wärtsilä and Lohja sign a merger agreement. Lohja becomes a major shareholder in Wärtsilä after a privileged share issue.
1990 Wärtsilä extraordinary shareholders’ meeting
approves the merger plan according to which Wärtsilä will be merged into
Lohja, and Wärtsilä shareholders receive as a merger consideration cash
and shares of the company formed as a result of the merger.
1990 Wärtsilä sells the majority of Oy Arabia Ab and Rörstrand-Gustavsberg AB to Oy Hackman Ab.
2001
Wärtsilä sells its 46.7% holding in Sanitec to Pool Acquisition Helsinki.
Wärtsilä takes ownership of Swedish service company Ciserv Ab.
Wärtsilä sells 20 million shares in Assa Abloy
Wärtsilä expands into biopower and acquires Finnish company Sermet Oy, which specialises in small and medium-sized boiler plants running on biofuels, oil and gas.
2002
Ciserv group expands with offices in Singapore, Denmark and Canada.
Wärtsilä acquires a leading global supplier of marine propulsion systems, John Crane Lips, which will operate within Wärtsilä under the name Wärtsilä Propulsion.
Wärtsilä increases its holding of Wärtsilä India Ltd. to 88.3%.
Wärtsilä sells 10 million shares in Assa Abloy.
2003
Wärtsilä increases its holding of Wärtsilä India Ltd. to 89.69%.
Wärtsilä acquires Dutch marine service company Caltax Marine Diesel BV. Caltax will become part of the Ciserv group and will be named Ciserv Netherlands BV.
Styria Group to buy Imatra Steel's Spring Works
Wärtsilä sells its holding in Polar
Wärtsilä to start propeller manufacture in China, Joint Venture with CME - Part of shipbuilding group CSSC
2004
Wärtsilä announces to discontinue the production in Turku
Lars Hellberg, BSc (Eng.) appointed new Group Vice President and Head of Engine division
Cooperation agreement with maritime training academy AB Utbildning Sydväst Maritime in Turku, Finland
Wärtsilä's Chinese propeller company starts production
Group Vice President, CTO Matti Kleimola elected President of CIMAC
Wärtsilä signs global IT service agreements with Accenture and HP
Wärtsilä launches a new engine, the Wärtsilä 46F, at the SMM marine fair in Hamburg
Auxpac generating sets enter the market. These take care of electricity supply on a vessel.
Wärtsilä extraordinary shareholders' meeting approves extra dividend and bonus issue. Wärtsilä's order intake continues to grow in October - November.
Mr Raimo Lind and Mr Mikael Mäkinen appointed Executive Vice Presidents of Wärtsilä from 1 January 2005. Mr Lind also acts as deputy to the President and CEO.
2005
Order book reached all-time high
Acquisition of DEUTZ marine service
Acquisition of automation company Gerhardt Holding Co. Inc, USA
First global operations and maintenance contract in maritime industry with Reederei Blue Star GmbH, Germany
Wärtsilä’s subsidiary Imatra Steel became a part of the new Ovako company, Wärtsilä’s ownership 26.5%
Heerlen unit in the Netherlands sold to Smelt Heerlen Beheer B.V.
Wärtsilä Land and Sea Academy opened a new training centre in Subic Bay in the Philippines
Jaakko Eskola, Vice President, Sales and Marketing, Power Plants, appointed Chairman of the Board of Directors of WADE, World Alliance for Decentralized Energy
Wärtsilä’s first wholly-owned production venture in China inaugurated in Wuxi
2006
License agreement with Brazilian company Nuclebras Equipamentos Pesados SA
Acquisition of Kvaerner Power and Automation Systems AS (AKPAS)
Acquisition of business of Singaporean Total Automation Ltd
Changes in Board of Management: Jaakko Eskola Group Vice President, Ship Power and Christoph Vitzthum Group Vice President, Power Plants
Alliance between Wärtsilä Automation Norway and Emerson Process Management for the floating oil production market in automation
Assembly and testing capacity to be increased in Vaasa and Trieste
Wärtsilä Qiyao generating set factory inaugurated in China
Wärtsilä, SKF and Rautaruukki sold Ovako
Wärtsilä, China Shipbuilding Industry Corporation and Mitsubishi Heavy Industries in joint manufacturing of low-speed engines in China
Investments in the Steerable Thrusters manufacturing in China and the Netherlands
Acquisition of German ship design company Schiffko
2007
Wärtsilä India Ltd was de-listed from the Bombay Stock Exchange on 18 June 2007
Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (liquefied natural gas) carriers
Acquisition of the Swedish company Senitec AB. The company specializes in environmental technology products for separating waste, such as oily water and sludge, in power plants, harbours and ships
Acquisition of the entire business of Marine Propeller (Pty) Ltd in Cape Town, South Africa. Marine Propeller (Pty) Ltd focuses mainly on repairing propellers
Aquisition of UK-based propeller repair company McCall Propellers Ltd
Aquisition of the marine business of Railko Ltd. in the UK, a company specializing in stern tube bearing technology
Acquisition of the Scottish company, Electrical Power Engineering (Scotland) Ltd. The company specializes in electrical power engineering solutions for the marine, offshore, industrial and utilities segments
Opening of a service workshop and an office in Vietnam to serve the growing Vietnamese shipping, shipbuilding and power industries
Opening of a new training centre in South Korea, the world’s largest shipbuilding country, to provide training for customers’ engineers
Wärtsilä and Vietnam Shipbuilding Industry Corporation (Vinashin) signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine engines in Vietnam
Wärtsilä and Bryansk Engineering Works (BMZ), signed a licence agreement for the manufacture of Wärtsilä low-speed marine diesel engines in Russia
Wärtsilä and V.Ships, a company specialising in ship management, agreed to cooperate on the provision of a broad spectrum of marine technical services in the marine market
Wärtsilä Ship Power was reorganised into five Ship Power customer segments: Merchant, Offshore, Cruise&Ferry, Navy and Special vessels. The aim is to better respond to market requirements and technology development, as well as to be prepared for market fluctuations
2008
Atte Palomäki appointed Group Vice President, Corporate Communications and a member of Board of Management
Acquisition of the Norwegian company Maritime Service AS specialising in ship service and mechanical and reconditioning services.
Acquisition of the Danish company International Combustion Engineering A/S (I.C.E.) specialising in project engineering and the service and repair of steam boilers and ancillary burner systems.
Acquisition of the German company Claus D. Christophel Mess- und Regeltechnik GmbH (CDC), specialising in the design, delivery and service of automation systems for ship owners and yards.
Expansion of global offshore alliance with Emerson Process Management.
Acquisition of the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide.
Joint venture with Manara Consortium called Manara Wärtsilä Power Ltd (MWP), which aims to become the leading developer of decentralised independent power producer (IPP) projects in Islamic countries.
Acquisition of Navelec SAS, a French company specialising in marine navigation and communication systems, electrical marine services, and control and automation services.
Acquisition of Conan Wu & Associates Pte Ltd (CWA), a leading naval architecture and ship design company in Singapore. The deal also includes partnership agreements regarding CWA’s businesses in Malaysia and China.
Joint venture with Metso combining Metso’s Heat & Power business and Wärtsilä’s Biopower business. Metso owns 60% and Wärtsilä 40% of the joint venture.
Wärtsilä Services opened and expanded offices and workshops in Namibia, Chile, Brazil, Madagascar, Azerbaijan, China, Turkey and Dubai.
A decision was made to centralize spare parts logistics by building a new spare parts distribution centre in the Netherlands.
The senior management of Wärtsilä Ship Power relocated to Shanghai to be closer to the main shipbuilding markets.
2009
Wärtsilä among 100 most sustainable corporations in the world.
EU approval for HERCULES-Beta Project to Wärtsilä and MAN Diesel. The project is a major international cooperative effort to maximise fuel efficiency combined with ultra-low emissions and to develop future generations of optimally efficient and clean marine diesel engines.
Ownership of Italian company Wärtsilä Navim Diesel increased to 100 per cent.
Ship Power business adjusted to reflect global marine market situation. 400-450 jobs to be reduced globally.
Changes in Board of Management: Tage Blomberg, Group Vice President, Services, retired; Christoph Vitzthum appointed Group Vice President, Services and Vesa Riihimäki appointed Group Vice President, Power Plants.
Global Manufacturing Technology Centre opened in Vaasa, Finland, to develop and share manufacturing knowledge.
CEVA Logistics to manage and Swisslog to design and construct Wärtsilä's Central Distribution Centre in the Netherlands. Construction of the new centre begins.
Wärtsilä joins UN Global Compact, the world's largest corporate responsibility initiative, and thus further consolidates its commitment to sustainable business practices, and to the compact’s underlying principles in the areas of human rights, labour, environment and anti-corruption.
Service Centre opened in Murmansk, Russia and workshop in Stockholm, Sweden.
2010
Majority of the propeller production and auxiliary engine production was moved to China, close to the main marine markets. The propeller manufacturing in Drunen, and the component manufacturing DTS in Zwolle, both in the Netherlands, were closed. The Wärtsilä 20 generating set production in Vaasa Finland was moved to China.
Wärtsilä supports Baltic Sea Action Group (BSAG) mission and commits to three environmental promises
Annual report 2009 published in electronic format for the first time
Cooperation agreement to develop environmentally sound gas-fuelled ships signed with Samsung Heavy Industries
Africa’s largest gas engine power plant to be supplied to Cameroon. The power plant will be located in Kribi, a sea port lying on the Gulf of Guinea coast in the Republic of Cameroon.
Wärtsilä to deliver its largest power plant project ever - close to EUR 200 million order from Brazil. This project represents the largest power plant ever built by Wärtsilä anywhere in the world.
Fuel cell unit installed on a vessel - unique SOFC technology provides power to Wallenius' car-carrier 'Undine'. This unique power unit is the first of its kind in the world, and will during the test period provide auxiliary power to the vessel while producing close to zero emissions.
Wärtsilä enters rail market through joint venture with Transmashholding to manufacture modern and multipurpose diesel engines in Russia. The engines, including a new and technically advanced version of the Wärtsilä 20 -engine, will be used in shunter locomotives and for various marine and power applications.
The World Bank -led Global Gas Flaring Reduction partnership (GGFR) welcomed Wärtsilä as the first associated partner to join the global effort to reduce the flaring or burning of natural gas associated to oil production.
New offices and a workshop opened in Panama
Shipping Scenarios 2030 were published. They describe what shipping could look like in twenty years. Scenarios help companies, governments and shipping linked organisations in long-term strategic thinking in a fast changing world. The Shipping Scenario work yielded three alternative futures, which are Rough Seas, Yellow River and Open Oceans.
Wärtsilä received an order to supply the world’s largest gas engine for Turkish power plant. The Aksa Samsun plant will be extended to incorporate the latest addition to Wärtsilä’s gas engine portfolio, the Wärtsilä 18V50SG engine.
Wärtsilä published a plan to reduce 400 jobs in its support functions globally.
Wärtsilä and MAN Diesel & Turbo to continue comprehensive HERCULES Research Project
Wärtsilä joins global Sustainable Shipping Initiative, a taskforce to shape the future of shipping
A new more powerful version of Wärtsilä 32 engine introduced
2011
Technical achievements:
- Wärtsilä's engine portfolio was extended with 62- and 72-bore electronically controlled low speed engines.
- New low-speed gas engine technology was successfully tested. The
tests demonstrated that the engine performance fully complies with the
upcoming IMO Tier III nitrogen oxide limits, setting a new benchmark for
low-speed engines running on gas. The new 2-stroke test engine is part
of Wärtsilä’s 2-stroke dual-fuel gas engine technology development
programme.
Acquisitions and joint ventures:
- Wärtsilä acquired Swedish company Cedervall, one of the leading
manufacturers of shaft seal and bearing systems for the marine industry.
- Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd.
agreed to establish a joint venture for manufacturing Wärtsilä 26 and
Wärtsilä 32 medium-speed marine engines in China.
- Wärtsilä announced recommended cash offer for Hamworthy plc, a UK
listed engineering company focussed on the marine and oil and gas
sectors.
Major Power Plants contracts:
- Elering AS, the Estonian transmission system operator, ordered two major dynamic grid reserve power plants from Wärtsilä.
- Wärtsilä was awarded two contracts to supply power plants to the
Dominican Republic. The plants have separate owners, but they will be
constructed on the same site as a single unit. This will be the largest
power plant in the world delivered by Wärtsilä with total output of 430
MW.
- Wärtsilä was contracted to supply five power plants to Bangladesh. The total overall output of these plants will be over 450 MW.
Major Ship Power contracts:
- A contract was signed with STX Finland Oy to supply the propulsion
machinery for a new passenger ferry to be built for Viking Line, a
Finnish ship owner. The vessel will be the largest passenger ferry to
operate on liquefied natural gas (LNG), making it the most
environmentally sound and energy efficient large passenger vessel in the
industry.
- A co-operative agreement was signed with Shell to promote use of LNG as a marine fuel.
Major Services contracts:
- Wärtsilä signed a major long-term maintenance support agreement with Royal Caribbean Cruises Ltd
- Wärtsilä was awarded a Dynamic Maintenance Planning contract with the Greek company Ceres LNG Services Ltd.
Corporate announcements:
- Björn Rosengren was appointed President and CEO as of 1 September 2011 when the former President and CEO Ole Johansson retired.
- Two appointments were made in the Board of Management: Kari Hietanen
was appointed Group Vice President, Corporate Relations and Legal and
Päivi Castrén Group Vice President Human Resources.
- Wärtsilä entered into cooperation with Crisis Management Initiative
as Lead Partner. CMI is an independent Finnish non-profit organisation
working to resolve conflicts and to build sustainable peace.
- European Investment Bank granted a loan of EUR 150 million to Wärtsilä for R&D activities.
- A new Central Distribution Centre was opened in the Netherlands.
- New workshops were opened in Gdansk, Poland and Helsinki, Finland.
- Wärtsilä CME Zhenjiang Propeller Co Ltd inaugurated its new state-of-the-art Controllable Pitch Propeller factory in China.
2012
Technical achievements:
- The new P-63 Floating Production Storage and Offloading (FPSO)
vessel featuring Wärtsilä 50DF dual-fuel engines successfully completed
all the required full 100% load tests.
- Wärtsilä's AQUARIUS®UV Ballast Water Management System received type
approval in accordance with requirements of the 2004 IMO Convention for
the control and management of ships ballast water and sediments.
- Wärtsilä's leadership in gas engine technology was enhanced with the
milestone of more than 2000 gas engines sold and 7 million running
hours accumulated in both land-based and marine applications.
- The offering in the low-speed X-generation engine series was
extended with the new Wärtsilä X92 engine, which will serve the market
for large and ultra-large container vessels.
Acquisitions and joint ventures:
- The British-headquartered, global engineering company Hamworthy plc. was acquired.
- Wärtsilä and Yuchai Marine Power signed an agreement to establish a
50/50 joint venture for manufacturing medium-speed marine engines in
China. The focus will be on the assembly and testing of Wärtsilä 20,
Wärtsilä 26 and Wärtsilä 32 engines.
- Wärtsilä acquired the assets and business of MMI Boiler Management
Pte Ltd., the Singapore-based company specialising in the service and
maintenance of boilers for marine and industrial applications.
- Wärtsilä sold its 40 per cent share in the joint venture MW Power Oy to the other joint venture party Metso.
Major Power Plant contracts:
- Wärtsilä-led consortium signed a contract to supply the world’s largest tri-fuel power plant to Jordan.
- A contract was signed to supply a major gas fuelled power plant to
Mozambique. It will be the biggest gas power plant ever installed in the
country and second largest power plant running exclusively on gas
engines to be installed on the African continent.
- A turnkey contract was signed to supply a major dual-fuel power plant to Mauritania in West Africa.
- A 384 MW gas power plant order was received from Azerbaijan.
Major Ship Power contracts:
- Harvey Gulf International Marine awarded Wärtsilä another contract
to supply an integrated gas propulsion system for a new offshore support
vessel. This is the fifth order for Wärtsilä from Harvey Gulf for gas
fuelled propulsion solutions.
- Wärtsilä was awarded the contract to supply main generating engines
and thrusters for six new deep water drill shipsto be built in Brazil.
- Algoma Central Corporation chose Wärtsilä to supply complete
propulsion systems with fresh water integrated scrubbers for six vessels
to transport bulk commodities in North America's Great Lakes and St.
Lawrence Seaway.
Major Services agreements:
- Long-term service agreements were signed for world’s largest
tri-fuel power plant to be delivered to Jordan by a Wärtsilä-led
consortium.
- Africa’s largest purely gas fuelled combustion engine power plant in
Sasolburg, South Africa will be serviced by Wärtsilä. The power plant
was handed over to the customer in December ahead of schedule.
- A three-year Operation & Maintenance agreement was signed with
Suape II power plant in Brazil. It covers seventeen Wärtsilä 46F
engines.
- The global cruise operator Princess Cruise Lines Ltd awarded a
long-term service contract to Wärtsilä. The contract covers seven
Princess Cruise Lines vessels powered by Wärtsilä 46 engines
representing 270 MW of power.
- A five-year service agreement was signed with the US-based Prestige
Cruise Holdings, the parent company of Oceania Cruises and Regent Seven
Seas Cruises. The agreement covers six vessels, a total of 27 Wärtsilä
engines.
Corporate announcements:
- Paolo Tonon was appointed Vice President, Research & Development in Wärtsilä