The energy landscape is undergoing a profound transformation, shifting towards renewable energy sources such as wind and solar to reduce emissions and enhance energy security.
Poland, much like other nations, is grappling with the challenge of lowering carbon emissions and transitioning to sustainable energy sources. For Poland’s coal dominated power system and district heating (DH) networks, this transition poses both challenges and immense opportunities.
Wärtsilä understands these challenges and is dedicated to finding sustainable solutions. We recognise the need to adapt existing systems for greater efficiency. By leveraging our expertise and cutting-edge solutions, we can support the transition to a low-carbon future and contribute to a cleaner and more sustainable Poland.
Our flexible solutions and expert guidance can help local authorities and district heating providers in Poland to enhance energy security and efficiencies while reducing emissions in a cost-optimal way. With flexible district heating technologies balancing intermittent renewables, the country can maximise its utilisation of cheap, zero-carbon energy.
Co-optimisation isn't just a buzzword – it's the key to unlocking unparalleled efficiency. Harmonising Poland’s power system and heat generation in this way reduces both costs and emissions, laying the foundation for a 100% renewable-energy future while advancing energy security and affordability.
Swift, decisive action is needed to secure Poland's energy transition.
Igor Petryk, Market Development Director
Igor Petryk, Market Development Director, Wärtsilä Energy
Email: igor.petryk@wartsila.com
Contact: +358 10 7095676
Sergey Zoubarev, Business Development Manager, Wärtsilä Energy
Email: sergey.zoubarev@wartsila.com
Contact: +358 10 7094525
Wärtsilä plans to further optimise its European engine manufacturing footprint
Wärtsilä plans to ramp down manufacturing in Trieste, Italy and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. Ending the manufacturing in Trieste is expected to impact approximately 450 employees with potential redundancy. The estimated full annual cost savings are approximately 35 MEUR by 2025 and the associated transformation costs are expected to be approximately 130 MEUR, out of which the cash flow impact is approximately 75 MEUR. The discussions between Wärtsilä, employee representatives as well as Italian authorities and institutions will start in line with Italian legislation.
“It is a part of our strategy to continuously monitor our manufacturing capacity and footprint to ensure that our operational efficiency remains competitive. Over the years we have continuously consolidated our manufacturing footprint in Europe. With our new European manufacturing footprint, we are taking the next step in strengthening our competitiveness and creating a structure enabled for future growth. Italy and Trieste will continue to be very important for Wärtsilä in many areas as we aim to be part of shaping the decarbonisation of marine and energy industries”, says Håkan Agnevall, President and CEO of Wärtsilä.
“Under the challenging circumstances of the past years, our employees in Trieste have done a commendable job. However, we need to centralise our manufacturing footprint in Europe to further improve our competitiveness. I would like to underline that Italy and Trieste will remain very important for Wärtsilä. Going forward our site in Trieste will focus on R&D, sales, project management, sourcing, service and training activities. A main part of our employees in Trieste are engaged in these activities today. In the development of the future sustainable solutions for marine and energy industries we are investigating possibilities for future investments in Trieste related to the development of technology for sustainable fuels”, says Roger Holm, President of Wärtsilä’s Marine Power business.
The changes now planned will not impact Wärtsilä’s engine portfolio and the service levels and commitment towards customers will remain intact. The supply chain will remain largely as-is today, including our Italian suppliers, ensuring that we maintain the competitiveness of our supply chain.
Wärtsilä will publish its Q2/2022 report on July 21.
For further information, please contact:
Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel. +358 10 709 1461
hanna-maria.heikkinen@wartsila.com
Roger Holm
EVP, President, Marine Power
Tel. +358 10 709 5623
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,000 professionals in more than 200 locations in 68 countries shape the decarbonisation transformation of our industries across the globe. In 2021, Wärtsilä’s net sales totalled EUR 4.8 billion. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com
