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Fincantieri Marine Group

Fincantieri [Cantieri = yards], founded in December 1959 as Società Finanziaria Cantieri Navali - Fincantieri S.p.A., carries forward the great tradition of Italian shipbuilding. Founded as a State financial holding company, in 1984 Fincantieri became an operational company, as a result of the merger of eight of its subsidiaries, operating in the field of ship construction and repairs and manufacturing of mechanical components and diesel engines.

Fincantieri took majority control over the French shipyard STX under an agreement 28 September 2017 between Paris and Rome to end a diplomatic row. Fincantieri bought 50 per cent of the shipyard in the western French port of Saint Nazaire, while the French state would "loan" another one percent stake for 12 years which can be retracted if it failed to keep promises made to the government. French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni signed the agreement in the eastern French city of Lyon. The deal gave Fincantieri a controlling stake in the facility in return for which the Italian company gave job guarantees.

France had said it was ready to seek other buyers for its biggest shipyard should Italy refuse a 50-50 ownership split. The French government sparked the row in July 2017 by temporarily nationalising the STX shipyard after backsliding on a deal with Fincantieri agreed by then French president Francois Hollande in April 2017.

Naval Vessels are built at Riva Trigoso (Genoa), Muggiano (La Spezia), and Marinette Marine (Marinette, WI, USA). The history of Fincantieri in the field of naval vessels counts over 2,000 vessels built for the Italian Navy and many foreign navies.

Fincantieri is able to design and build a wide range of surface ships, aircraft carriers, frigates, corvettes, patrol vessels, in addition to support ships and submarines. Ships are assisted throughout the course of their whole life with the provision of logistical support and post sales services as the company is able to guarantee both planning of maintenance and the execution of work of an ordinary or extraordinary nature and refitting at Fincantieri facilities or at a site chosen by the customer.

The company is the reference partner of the Italian Navy for the design, construction and logistical support of the surface fleet and submarines in addition to boasting a consolidated relationship with other State bodies. Fincantieri has well-proven products, which provide high operating standards alongside optimised costs thanks to the use of design and construction solutions tried and tested in the merchant field. The company can work as Warship Design Authority and Prime Contractor. In the naval field Fincantieri provides its customers with a dedicated structure made up of a design centre in Genoa and a flexible, integrated production system of two shipyards at Muggiano and Riva Trigoso. Fincantieri is partner to some of the main companies in the defence sector within the framework of supranational programmes. The more recent co-operations have included one with the German Submarine Consortium for the construction of submarines for the German and Italian Navies, one with the French company DCN in the Orizzonte and FREMM programmes, and one with the team of Lockheed Martin Corp in the programme of Littoral Combat Ships for the US Navy.

The company is the world leader in cruise shipbuilding, with a market share that since 1995 has never been below 25%, reaching peaks of over 60%. Since 1990 the company has delivered 47 cruise ships and its current 15-units order book will guarantee to its shipyards a busy schedule up to 2012. The company production value is around 3 billion Euros, over 60% in export, and confirms Fincantieri position at international level.

The company was successful in using its inheritance of resources - people, skills and ships. It has built numerous merchant and naval vessels, over 7,000 in 200 years of shipbuilding, several of which have made their mark in history. This is a dynamic company, attentive and ready to change, able to bring together in synergy tradition, experience and innovation. Fincantieri has developed over the years and became an operating company in 1984 when it was already one of the largest and most diversified shipbuilding groups in the world. Today, the history of Fincantieri remains the history of its ships, a fleet of cruise ships and ferries, merchant ships of all types and naval vessel. Floating showcases of made in Italy and of the commitment of a united team made up of the workforce of Fincantieri and the many subcontractors in the supply chain who contribute to building unique ships.

During the 1960's FINCANTIERI, a holding of the IRI Group, undertook a complete review and overhaul of Italian shipbuilding, with the objective of producing a new efficient and competitive organization. As a result of a series of studies which took place at that time, the decision was made to create a single shipbuilding company, with a size and structure capable of allowing the development of products of a uniformily high standard, which were to be competitive within the market place; wide use of centralized research and development facilities during design phase; specialization within each shipyard in production of particular kinds of ships; use of advanced production technologies and automation of production itself.

The final result of FINCANTIERI's review was the creation on 22 October 1966 of ITALCANTIERI, through the merging of three old Italian Shipyards, at Monfalcone, Genova Sestri, and Castellammare di Stabia. These three yards remained the primary production centers of ITALCANTIERI. At the time of its foundation, ITALCANTIERI faced a number of managerial problems. The number of staff at each of the three shipyards, related to the respective peak production workload, was too high for the new organization. And the design and workshop documentation standards, organizational approach to the job, departments dealing with external entities (such as classification societies, ship-owners, and suppliers) were so different that mutual co-operation was virtually impossible.

ITALCANTIERI decided that the solutions to the problems deriving from the merging could be achieved through the application of three general principles within the new organization. These were: centralization of technical and administrative functions; establishment of Methods Offices in each major department; recognition of the critical role of DP, and the decision to invest resources in its exploitation.

The creation of ITALCANTIERI from the three existing shipbuilding firms was accompanied by the decision to establish, at the headquarters in Trieste, centralized departments responsible for general scheduling, sales, finance and accounts, design and purchasing. This centralization inevitably brought about certain problems in communications. These were anticipated by ITALCANTIERI, but it was felt that the advantages conferred by centralization far outweighed any disadvantages that would arise. The main advantages were: the merging and consequent augmentation of experience of technicians coming from different yards; the ability to distribute the total workload evenly over the workforce available, avoiding peaks and troughs at a particular yard; more efficient and effective co-ordination and control of thefunctions of the whole organization; creating of a structure more amenable and receptive to improvements and innovations in working methods and technology.

By 1980, a further two yards, Muggiano at La Spezia and Orlando at Livorno - which also belonged to the FINCANTIERI Group - were operationally and technically associated with ITALCANTIERI. The headquarters of ITALCANTIERI were located in Trieste, but the three shipyards are situated at considerable distances from the headquar-ters. Monfalcone was the nearest, being twenty miles away, Genova Sestri is about 400 miles, and Castellammare di Stabia, near Naples,is 750 miles away. By 1980 the production capacity of the three shipyards was over 1.5 million dead-waight-tons (d.w.t.) per year. This comprised all types of ships, both merchant and naval: tankers up to 350.000 t.w.t., bulk andore/oil carriers, cargo ships, container ships, passenger, ferry, refrigerator, Liquid Natural Gas vessels, etc. At that time, ITALCANTIERI employed about 11,000 people.

Italcantieri in 1984 was fully incorporated into the Fincantieri group. In fact the 30 June 1984 (but with effect from 1 January 1984) the holding company Fincantieri Cantieri Navali, assumed in its operational activity, whereas previously served only by financial holding company, incorporating eight segments:

  1. Italcantieri of Trieste
  2. Shipyards of the Tyrrhenian Sea Riuniti
  3. Grandi Motori Trieste
  4. Arsenale Triestino San Marco in Trieste
  5. Shipyard in Marghera (Venezia)
  6. Shipyards and Officine Meccaniche of Venice
  7. Ansaldo Shipyard in Livorno
  8. Company l’Esercizio Southern Basins of Naples

The company's headquarters and corporate offices, which are located in Trieste, provide support, planning and coordination services for the business units and the subsidiaries. The main design centers are located in Trieste and Genoa; the headquarters of CETENA, the subsidiary company engaged in research and technical consultancy in the naval and maritime field, are also in Genoa. Fincantieri organization, based on 5 Business Units, is tailored according to the specificities of the markets. The business units rely upon an integrated production network of 10 shipyards and two manufacturing sites units dedicated to the production of mechanical components and systems.

By 2010 Fincantieri Group comprised a number of associated and subsidiary companies, including Orizzonte Sistemi Navali S.p.A headquartered in Genoa, Isotta Fraschini Motori headquartered in Bari, Fincantieri Marine Systems North America headquartered in the United States, Fincantieri Marine Group headquartered in the United States and CETENA, the Research and Development centre whose main office is in Genoa.

Orizzonti Sistemi Navali S.p.A. is a naval engineering company, set up by Fincantieri and Finmeccanica, working in the design, construction and sale of naval vessels of high technological content. Orizzonti Sistemi Navali S.p.A. mission is to design and supply integrated naval solutions, carry out upgrading of existing ships and provide Integrated Logistical Support for the whole life cycle of the ship.

Isotta Fraschini Motori S.p.A. whose headquarters and production site are in Bari, produces two types of high performance diesel engines, which range from 200 to 2,500 kW, suitable both for marine and industrial applications. One of its leading edge applications is that of engines and amagnetic generators for military purposes, which have attained considerable success on the American market. Fincantieri Marine Systems North America sells marine systems and components (Industrial Turbines) to the North American market, as well as Isotta Fraschini engines; it also provides post sales services.

Fincantieri Marine Group (FMG) is one of the leading mid-sized shipbuilders in the United States for commercial and governmental customers, including the U.S. Navy and U.S. Coast Guard. FMG is headquartered in Wisconsin and controls the following shipyards: Marinette Marine: shipyard located in Marinette (WI), focused in the design and production of naval ships; Bay Shipbuilding: shipyard located in Sturgeon Bay (WI), specialized in newbuilding of commercial ships and in shiprepair services; ACE Marine: production plant specialized in aluminium constructions located in Green Bay (WI); Cleveland Ship Repair: shipyard focused in small repair services in the neighborhood of Cleveland (Ohio).

CETENA is a company of research and technical consultancy in the naval and maritime field. National research activities are carried out with the support of the Ministry for Transport and Navigation and of the Ministry for Scientific Research and Technological Innovation, of which CETENA is an authorised laboratory.

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Page last modified: 30-06-2021 12:06:12 ZULU