Giovanni Costantino

Giovanni Costantino

The Italian Sea Group will invest 14 million on production capacity


05/11/2021 - 12:50

Marina di Carrara, November 4th, 2021. The Board of Directors of Italian Sea Group S.p.A. (“TISG” or the “Company”), global operator in the luxury yachting industry, has approved today another investment plan, called “TISG 4.1”, for a value of 14 million Euros, which will develop throughout the years 2021-2022.

In detail, the investment consists in the expansion of the shed on the original dock, as well as a series of facilites and service plants. This will allow to expand by 4 units the contemporaneity of vessels in build, shifting the shipyard’s construction limitations from 100 to 140 metres.

The “TISG 4.1” investments are added to the first investment plan TISG 4.0, started in 2020 for a value of around 40 million Euros: around two thirds of the activities of this plan have been completed, respecting the original schedule. The new dock has a length of 147 metres and a width of 48 metres and is equipped of an entrance door of about 30 metres, developing an important surface of over 6.500 sqm with a maximum capacity of 5 yachts between 60 and 70 metres and vessels up to a maximum dimension of 140 metres.

It is also equipped with a closing “boat door” with electronic controls which allows for its filling and emptying in a record time of 5 hours.

“I am satisfied with the punctual completion of this infrastructure. The last dock built in Italy dates back to 50 years ago and was, incidentally, built inside our very shipyard. Therefore, I am certain that this construction will bring benefits not only to our business, but will also be a driver for boosting the territory’s growth.” – commented Giovanni Costantino, The Italian Sea Group Founder & CEO. – “The strengthening strategy of our production capacity, through the TISG 4.0 and TISG 4.1 investments, will allow for more contemporaneity despite the important  dimensional growth, both for new builds and for the refit. We will continue to work at a rapid pace to respect the schedule with the objective of a healthy and continuous growth”.

The first activity in the new dock will take place on November 16th, with the launch of a new and futuristic 75-metre yacht. Subsequently, there will be the entrance of another 75 metre yacht that will start outfitting activities; afterwards, an innovative 46-metre catamaran will enter, also for outfitting, to then conclude the first phase of activities with the entrance of a 140- metre vessel for a long refit. 

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