Martin Strand, CEO of Citec

The times they are a-changin’

The Finnish engineering industry is becoming increasingly internationalised.

For certain companies – such as Citec – internationalisation is a planned strategic step. Other companies, however, are forced to internationalise to counter the protracted recession in their home market.

As Finnish engineering firms today more often compete for large European projects, we need to further improve our competitiveness, for example through digitalisation. Globalisation also affects the careers of young engineers. At Citec, we are happy that increasing numbers of our younger engineers are willing to move abroad and work on assignments for longer periods. Since we are steadily investing in global growth, the experience these young engineers gain will be of great benefit both to the company and to themselves.

Our main industry area – the global energy sector – is currently characterised by changes, too. Structural shifts in China’s economy mean that less energy is required to generate growth. Meanwhile in India, an expanding middle class of 600 million new electricity consumers means a large rise in the energy required to fuel the country’s development.

The 21st United Nations Framework Convention on Climate Change (COP21/CMP11) was recently hosted in France. To loud acclamation by virtually all the 195 nations involved, the conference succeeded in reaching its objective; to keep a global temperature rise well below 2 degrees Celsius during this century, and to drive efforts to limit the temperature increase even further to 1.5 degrees above pre-industrial levels.

Although the phase of energy transition had already started earlier, a clear signal was needed from Paris to ensure that the transition continues. Now that a universal commitment towards renewable energy solutions has been made, investors and future generations can focus on a clearly painted picture of the future energy market. This will help energy projects to start faster than earlier.

Happy reading with Attitude!


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