Upsizing production

Ferretti Group has acquired a production site of over 70,000 square metres including a dry dock in San Vitale (province of Ravenna).

The acquisition involved an initial investment of about EUR40 million and will be followed by a further 40 million over the coming three-year period to create new production areas and an R&D centre.

The operation forms part of Ferretti Group’s growth strategy and the new facility, when fully operational, will increase production capacity by about 20 percent.

The acquisition of the new Ravenna shipyard has been financed entirely with equity raised by the recent listing on the Hong Kong stock exchange. The new production site in the province of Ravenna is strategically located, close to the company’s Forlì headquarters and its Cattolica shipyard.

This operation consolidates the Group’s investment strategy, which over the last five years has resulted in the expansion and improvement of all production facilities, and the La Spezia yard and the Ancona Superyacht Yard in particular.