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2 clusters · 4 sources · 3 days · First seen · Last updated

Fincantieri shipbuilding industrial investments

Overview

Fincantieri is undertaking significant industrial investments to modernize its shipbuilding capabilities across different regions.

In the United States, Fincantieri Marine Group secured approximately $10 million in combined funding from the U.S. Navy and the Maritime Administration to upgrade its Wisconsin shipyards. This investment focuses on expanding advanced manufacturing capabilities, such as automation and welding, to support the Landing Ship Medium (LSM) program and strengthen the American maritime industrial base.

Concurrently, in Italy, Fincantieri announced an investment of approximately 194.8 million euros in the Friuli Venezia Giulia region. This plan, spanning 2024 to 2028, targets infrastructural upgrades at the Monfalcone shipyard and research and development in Monfalcone and Trieste to focus on large cruise ship production. The initiative includes over 24 million euros in public funding and aims to recruit at least 157 new employees.

Entities

Maritime Administration · George Moutafis · Fincantieri · Friuli Venezia Giulia · Monfalcone

Timeline

  1. [BUSINESS] 2 sources
    Fincantieri to invest 194.8 million euros in Monfalcone and Trieste

    Fincantieri will invest nearly 195 million euros in Monfalcone and Trieste for shipbuilding and R&D, creating at least 157 new jobs between 2024 and 2028.

  2. [BUSINESS] 2 sources
    Fincantieri Marine Group receives $10 million for Wisconsin shipyard upgrades

    Fincantieri Marine Group will receive $10 million from the U.S. Navy and MARAD to modernize its Wisconsin shipyards and enhance advanced manufacturing for programs like the Landing Ship Medium.

Sources

corrieredelleconomia.it · offshoresource.com · seapowermagazine.org · telefriuli.it