
LOOKING FORWARD
NEXT CHAPTER
ANNUAL REPORT 2022

LOOKING FORWARD
NEXT CHAPTER
ANNUAL REPORT 2022
MESSAGE FROM THE CEO
MESSAGE FROM THE CEO

The positive trend of Company order intake in 2022, exceeding 115Ml€, represents the clear evidence of this development journey in particular in the new sectors of Offshore Wind & Floating Wind, Cranes and Gas Turbine’s hot gas path components.
Remazel has proven indeed to be able to emerge rapidly gaining an outstanding track record of high-level projects, while rising at the same time Company know-how and customers portfolio.
Once again, the major credit for Remazel achievements and my most heartfelt thanks goes to our people all, for their professionality and openness in facing and react to different situations coming both from market contingencies and new challenges.
Only a strong determination in supporting the Energy Transition, allowed us to deal with pioneering projects by delivering innovative engineering solutions.
BOARD OF DIRECTORS
BOARD OF DIRECTORS
AUDITING COMPANY
Deloitte & Touche S.p.A.
SUPERVISORY BOARD
Attorney Delia Rielli
OUR GROUP
As a leading engineering and manufacturing Company in the Offshore and Energy sectors,
we strive to support our Customers in Energy Transition.
OUR GROUP
As a leading engineering and manufacturing Company in the Offshore and Energy sectors,
we strive to support our Customers in Energy Transition.
REMAZEL ENGINEERING S.p.A.
HEADQUARTERS
The winning mix of engineering, project management, assembly & testing capabilities has now become our trademark. Our business history brings us to the offshore Oil&Gas and Gas Turbine sectors to reach even more extraordinary achievements in Offshore wind, Floating Wind and Offshore Heavy Lifting. However, our greatest value is still enclosed in our People, who work with passion and determination alongside our Customers towards a common goal.
REMAZEL ASIA Co., LTD
SOTTOTITOLO
Remazel’s main point of connection with Asia market for new business development, local supply chain management and quality control on manufacturing.
A keeping growing organization.
REMAZEL DO BRAZIL
Serviços de sistema Óleo & Gás LTDA
Service and after sales are the main business of this local branch. The increasing network of qualified Technicians and partners is the result of many years of training activities and local development.
TRIESTE AREA
A strategic sea-front hub.
TRIESTE AREA
A strategic sea-front hub.
REMAZEL ENGINEERING (TRIESTE)
CRANES BUSINESS LINES
Cranes and lifting systems design and construction for Cruise, Floating Wind and Industry applications, which acts as Remazel CRANES Business Unit.
(Formerly Concrane S.r.l)
REMAZEL SHIPYARD
quayside SITE
A sea-front strategic area for assembly, testing and delivery integration.
REMAC S.r.l.
MANUFACTURING
Remazel Engineering and Cartubi Shipyard Joint Venture focused on manufacturing, welding and assembly activities. A 2.500 sqm area with direct access to the quayside.
CORPORATE VALUES
Customer centricity, teamwork, continuous improvement.
This is our values winning mix.
CORPORATE VALUES
Customer centricity, teamwork, continuous improvement.
This is our values winning mix.
OUR MODEL
TEAM
ASSEMBLY
& TESTING
AFTER SALES
INDUSTRIALIZATION
MANAGEMENT
OUR PRIORITIES
& SAFETY
DEVELOPMENT
INTERNAL PROCESS
& DEVELOPMENT
OUR GUIDELINES
ZATION
TRANSITION
2022 RECAP
Getting ready for a new chapter of Energy history.
2022 RECAP
Getting ready for a new chapter of Energy history.
HUMAN RESOURCES
Our People. Our Growth.
HUMAN RESOURCES
Our People. Our Growth.
Organization
In mid 2022 the intense work done with the students of SDM (School of Higer Education) of the University of Bergamo has led us to a renewed organization structure who wants to enhance each Company Business Units and promote a new workgroup-based model:
- WIT (Work Improvement Team): composed by Engineering Managers, Project Managers and Quality Assurance Manager working together on internal process improvements and Junior Engineers training;
- CHAMPIONS: a group of people who have the role of supporting the Work Improvement Team in improvement diffusion within each department.
Training:
With respect to 2021, the training attention in 2022 has more than doubled. Within the most relevant training initiatives we would point out the ones dedicated to ESG topics, which took shape in 2022 through the first Sustainability Raising Awareness Workshop hosted and supported by the Innovation District Kilometro Rosso and ENEA, the Italian National Agency for New Technologies, Energy and Sustainable Economic Development.

ESG – Inspired Meetings
Within this landscape, dedicated training sessions was held in Cyber Security and Continuous Improvement with the support of Kaizen Institute; the main objective for the near future is to raise awareness of these topics, for a more in-depth insight into Company processes and sustainable path.
TRAINING AND PROFESSIONAL GROWTH HIGHLIGHTS:
“Skill matrix” trainig methos: a real tool for technical and soft skills assessment for Engineers and Project Managers.
Relations with Local institutions
University of Brescia
University of Bergamo
Technical and Professional Institutes (Bergamo)
The importance of fostering the cooperation with local Universities and Technical Institutes has grown significantly, until becoming one of the main topics of our HR strategy and approach.
As in previous years, in 2022 we took part of University of Brescia Career Day, where we met lot of brilliant new-graduates and one of them currently joins our team working on his graduation Thesis.
Then, the Agreement signed with the “Lombardy Higher Technical Institute for new mechanical and mechatronic technologies” for the activation of curricular training, is aimed at introducing young students in the mechanical field to the professional world.
People & Sustainability
In 2022, we have started on a voluntary basis a formal path towards Sustainable Reporting and in end 2022 we have been able to release our first Sustainability Report.
This represents a concrete achievement in the measurement and contribution to a much aware and fair business and we have identified our priorities in Social landscape which includes alongside Health, safety and security of employees and external workers, the development of people and attractiomn of talents, equal opportunities and non-discrimination, employees well-being and human rights, as well as the relationship with the local areas.
Within this framework, we still continue to promote small but impactful actions aimed at the enhancement of an inclusive working environment as well as the promotion of dialogue, culture and healnty habits.
HEALTH AND SAFETY
Health and Safety must be a priority at all levels of the organization.
HEALTH AND SAFETY
Health and Safety must be a priority at all levels of the organization.
During 2022, Remazel’s major efforts on HSE have been concentrated in Remazel Shipyard Area, with the aim to enhance the both the organization and the activities. Actually, the local team as well as the project workload have increased significantly, and a close attention to workers health and safety was needed.
Alongside with these operative provisions, the HSE team has worked on the alignment of the informatic management systems and on periodical training sessions. At this regard, a new method of training has been successfully tested and consolidated; this 30-minutes training break on-field have been useful for a better attention and diffusion of HSE best practices.
In 2022, the Company recorded no. 1 injury of low degree of severity.
Starting from 2022, in accordance with the Sustainability Path that Remazel has decided to pursue, the Health, safety and security of workers represents one of the priority material topic of the ESG landscape.
In this context, we are committed in strengthening our attention also on the Environmental aspects such as Energy consumption, Atmospheric emissions reduction, Waste management and Sustainable innovation and product design. A major attention to these topics is, today, mainly managed through Employees consciousness-raising with the aim to increase the engagement of Remazel supply chain and stakeholders all.
A deeper representation of Remazel HSE culture and activities are outlined in detail in our Sustainability Report 2022.
SOCIAL RESPONSIBILITY
SOCIAL RESPONSIBILITY
Develop and promote the relationship with our Territory is one of the pillars of Remazel Corporate culture. The pragmatic approach we aim to encourage within this landscape, deep its roots in the awareness that the Companies all can play an important role in the support and enhancement of local Institutions and facilities.
In early 2022, the tragic situation of the Ukrainian population caused by the Russia-Ukraine conflict, could not be ignored; the very first actions have been taken in Trieste (TS, Italy) area, where every day hundreds of people were crossing the border to find refuge and help. A collection point for basic necessities were promptly activated and thanks to the support of Remazel employees and cooperators we were able to contribute even if in small way to Fondazione Caritas Trieste call-for-action.
This prompt response could not be managed without the help and activity of our people and for this reason we deeply thank the goodness of Remazel team all.
Alongside these valuable and contingent actions, Remazel still continues to support and share new experiences with the social cooperative L’Impronta, a local Association based few kilometres far from Remazel HQ In Chiuduno (Bg), which is engaged in promoting social inclusion among youngsters affected by disabilities and fragilities.
“Through the active involvement of the local community, the intention is to offer also to people with fragilities, in particular young people, the opportunity to live as active citizens and, on the other hand, contribute to the growth of a more sensitive, attentive and responsible community towards all its members.”
L’Impronta team
Through this Project Remazel wants to reduce the gap between Company itself and the local community, by promoting the importance of cooperation and inclusivity. This principle has been the starting point of the “ESG-Inspired” workshop dedicated to Remazel employees and called “D&I – Company and Community, meet us halfway”, that will be held in May 2023 with the support of University of Bergamo, the social cooperative L’Impronta and the Botanic Garder of Chiuduno (BG).
At the end of the meeting, Remazel team will have the chance to experience the planting of pumpkins together with L’Impronta group.
RISK MANAGEMENT
RISK MANAGEMENT
Remazel is strongly committed to safeguard corporate assets and financial reporting reliability while improving internal processes and maintaining compliance with regulations and Group companies’ procedures.
Remazel believes that an adequate risk assessment and management can positively affect the achievement of the objectives and the value of the Group.
The Group’s organizational and management model involves, with different roles, the administrative bodies, the supervisory bodies, the control bodies, the management and all the staff, inspired by the principles contained in the Code of Ethics and national and international best practices.
Currently, risk analysis and management does not include an integrated assessment of ESG risks, but for the future Remazel is committed to their inclusion and monitoring.
However, ESG criteria and risks were substantially considered during the transition to the global offshore business.
The assessment of the different risks summarized below is constantly being reviewed and updated by Remazel:
- Risk associated with extraordinary events outside Remazel’s control and company purposes.
Such as, during 2022, risk associated with the impact of Covid-19 on Remazel’s activities, in particular the activities related to the production site in China, and the huge market disruption arising from the conflict in Ukraine (lately evolved on a world-wide scale). General and Special Terms and Conditions have been put on rediscussion in order to avoid application of liquidated damages and to review contractual prices, while COVID 19 remain timely and fully monitored considering eventual new needs arising from the evolution of the pandemic itself; - Risk associated with financial and market criticalities.
Such as risk related to oil price trends, risk associated with fluctuation in working capital, risk associated with the volatility of economic and financial results. With specific reference to oil price, preparing estimates and settings prices are the result of an accurate, articulated and punctual exercise which the Group, within every department, continue to develop constantly; - Risk associated with the supply chain.
Having considered the huge relevance and consistency of all main suppliers involved within Remazel’s projects, the risk of an uncompliant performance could become significatively negative. To avoid and/or reduce at the lowest possible level this kind of risk, Remazel has an organized qualification and selection system, improved new tools, settled various audits and training programs, shared Model 231 in full (accepted by suppliers), including the Code of Ethics.
ENERGY SOLUTIONS
ENERGY SOLUTIONS
OFFSHORE WIND
& FLOATING WIND
OFFSHORE HEAVY LIFTING
& SPECIAL HANDLING
SUBSEA &
RESEARCH
CRANES
SERVICE
& DIGITALS
GAS
TURBINES
OFFSHORE WIND
& FLOATING WIND
OFFSHORE HEAVY LIFTING
& SPECIAL HANDLING

SUBSEA & RESEARCH
CRANES
SERVICE & DIGITALS
GAS TURBINES
MAIN ACHIEVEMENTS

LES ALIZÉS
FLOATING HEAVY LIFT VESSEL

WE FEEL EXTREMELY PROUD ABOUT THE RESULTS WE ARE ACHIEVING, THANKS ALSO TO THE GOOD RELATIONSHIP ESTABLISHED WITH JAN DE NUL TEAM, WHO ENHANCED EVEN MORE OUR INTERNATIONAL EXPERTISE.
Fully automated monopile installation system for XXL Monopiles handling and installation.
Remazel team main Challenges:
- Remarkable system dimensions for scaling-up and challenging lead-time
- Critical supply chain management considering also mobilization restrictions to China
Final load tests to be performed directly on-board

LES ALIZÉS
FLOATING HEAVY LIFT VESSEL

WE FEEL EXTREMELY PROUD ABOUT THE RESULTS WE ARE ACHIEVING, THANKS ALSO TO THE GOOD RELATIONSHIP ESTABLISHED WITH JAN DE NUL TEAM, WHO ENHANCED EVEN MORE OUR INTERNATIONAL EXPERTISE.
Fully automated monopile installation system for XXL Monopiles handling and installation.
Remazel team main Challenges:
- Remarkable system dimensions for scaling-up and challenging lead-time
- Critical supply chain management considering also mobilization restrictions to China
Final load tests to be performed directly on-board

PROVENCE GRAND LARGE
FLOATING WIND PROJECT

SBM Offshore has awarded to Remazel the design and construction of Davit Cranes for one of the first European Project in Floating Offshore Wind: Provence Grand Large.
SBM Offshore is the developer of the complete floating systems for the project’s three 8.4MW offshore wind turbines, that will be located close to Port-Saint-Louis-du-Rhone (in the Mediterranean Sea), at 17 km off the coast, on a 100m deep site.

PROVENCE GRAND LARGE
FLOATING WIND PROJECT

SBM Offshore has awarded to Remazel the design and construction of Davit Cranes for one of the first European Project in Floating Offshore Wind: Provence Grand Large.
SBM Offshore is the developer of the complete floating systems for the project’s three 8.4MW offshore wind turbines, that will be located close to Port-Saint-Louis-du-Rhone (in the Mediterranean Sea), at 17 km off the coast, on a 100m deep site.

COMPLETE RISER PULL IN SYSTEM
FOR ONE OF SBM OFFSHORE’S ONGOING FPSO PROJECTS

THIS PROJECT REPRESENTS ANOTHER IMPORTANT MILESTONE IN THE COLLABORATION PATH BETWEEN REMAZEL TEAM AND SBM OFFSHORE, WORKING TOGETHER SINCE 2012.
SCOPE OF WORK:
- Linear winch system,
- N°2 Auxiliary winches
- Auxiliary sheaves
TECHNICAL NOTES:
- Linear winch pull capacity: 663 Ton
- Auxiliary winch pull capacity: 300 Ton
- HPU power: 780kW
- Total RPS platform weight: ~525Ton

COMPLETE RISER PULL IN SYSTEM
FOR ONE OF SBM OFFSHORE’S ONGOING FPSO PROJECTS

THIS PROJECT REPRESENTS ANOTHER IMPORTANT MILESTONE IN THE COLLABORATION PATH BETWEEN REMAZEL TEAM AND SBM OFFSHORE, WORKING TOGETHER SINCE 2012.
SCOPE OF WORK:
- Linear winch system,
- N°2 Auxiliary winches
- Auxiliary sheaves
TECHNICAL NOTES:
- Linear winch pull capacity: 663 Ton
- Auxiliary winch pull capacity: 300 Ton
- HPU power: 780kW
- Total RPS platform weight: ~525Ton

MOORING SYSTEM
FOR P-78 FPSO VESSEL

THE MOST EXCITING PHASE OF THE PROJECT THEN WAS FOR SURE THE TESTING PHASE, WHICH INCLUDED A COMPLETE RANGE OF STATIC AND DYNAMIC TESTS OF ALL THE SYSTEMS, AS WELL AS THE FULL-CAPACITY LOAD TEST ON THE FAIRLEADS.
Remazel provided complete engineering and construction of the Mooring System for P-78 FPSO Vessel.
The floater will be customised for deployment at the deep-water Buzios field.

MOORING SYSTEM
FOR P-78 FPSO VESSEL

THE MOST EXCITING PHASE OF THE PROJECT THEN WAS FOR SURE THE TESTING PHASE, WHICH INCLUDED A COMPLETE RANGE OF STATIC AND DYNAMIC TESTS OF ALL THE SYSTEMS, AS WELL AS THE FULL-CAPACITY LOAD TEST ON THE FAIRLEADS.
Remazel provided complete engineering and construction of the Mooring System for P-78 FPSO Vessel.
The floater will be customised for deployment at the deep-water Buzios field.

COMBUSTION CHAMBERS
FOR GT-10B

THE MOST CHALLENGING PHASE OF THIS PROJECT HAS BEEN FOR SURE THE PRODUCTION PROCESS SINCE THE VERY FIRST STAGE WAS THE ONE TO ADJUST THE TOOLING WE RECEIVED FROM THE CUSTOMER AND TO DESIGN NEW ONES.
Remazel has been selected by EthosEnergy for the supply of a refurbished and complete tooling set and the initial batch of N. 3 Combustors for the Gt10B Gas Turbine. This is Remazel starting point with EthosEnergy, embedded in Ethos wider supporting program to end users in the Middle East region.

COMBUSTION CHAMBERS
FOR GT-10B

THE MOST CHALLENGING PHASE OF THIS PROJECT HAS BEEN FOR SURE THE PRODUCTION PROCESS SINCE THE VERY FIRST STAGE WAS THE ONE TO ADJUST THE TOOLING WE RECEIVED FROM THE CUSTOMER AND TO DESIGN NEW ONES.
Remazel has been selected by EthosEnergy for the supply of a refurbished and complete tooling set and the initial batch of N. 3 Combustors for the Gt10B Gas Turbine. This is Remazel starting point with EthosEnergy, embedded in Ethos wider supporting program to end users in the Middle East region.
SERVICE, WORLDWIDE
In 2022, the most remarkable step toward for Service & After Sales team
has been from the organizational point of view.
COUNTRIES
EXPLORED
MANDAYS
IN 2022
CHINA:
Installation & Commissioning
BRAZIL:
Service &
Assistance
SERVICE, WORLDWIDE
In 2022, the most remarkable step toward for Service & After Sales team has been from the organizational point of view.
COUNTRIES
EXPLORED
MANDAYS
IN 2022
CHINA:
Installation & Commissioning
BRAZIL:
Service &
Assistance
QUALITY CONTROL
& SUPPLY CHAIN
QUALITY CONTROL
& SUPPLY CHAIN
After the intense work done in 2022, if we have to think about our 2023, we would say that it will be “the year of change”; change in mentality and approach towards an increasingly global dimension, for a stronger development of our international organization and process.
Excellent results have been achieved together with REMAC Srl (Remazel Engineering and Cartubi JV) for the steel works of no. 2 important projects for Offshore Wind application. The main goal for 2023 is the one to enlarge the workshop area and consolidate the ongoing achievements.
TRAINING HIGHLIGHTS
AND PLANS FOR 2023
Digital Tools
implemented in 2022
SUPPLY CHAIN
HIGHLIGHTS
ITALY
SUPPLY CHAIN LOCALIZATION
ABROAD
CHINA