MUGGIANO (La Spezia), Italy, Aug. 27 /PRNewswire/ -- The Secretary of the Navy (SECNAV) arrived today in Liguria for a two-day visit of Fincantieri's shipyards in Muggiano (La Spezia) and Riva Trigoso (Genoa). Hon. Winter wanted this opportunity with a view to visiting the production facilities of the Naval Vessels Business Unit and becoming familiar with the general organization of the Company, its production strategies and its market. The details and prospects of the recently agreed purchase by Fincantieri of the U.S. shipyards in Manitowoc Marine Group were also discussed.
As Secretary of the Navy, Hon. Winter is responsible for conducting all the affairs of the Department of the Navy related to the U.S. Navy and the Marine Corp. He oversees recruiting, organizing, supplying, equipping, training, mobilizing, and demobilizing in addition to the construction, outfitting and repair of naval vessels, equipment and facilities.
Besides visiting the production facilities in Muggiano shipyard Hon. Winter also went on board the aircraft carrier, the Cavour, the forthcoming flagship of the Italian fleet, and the destroyer, the Caio Duilio, built within the framework of the Italian-French programme of cooperation "Orizzonte". Hon. Winter was received on board the vessels by the Chief of Staff of the Italian Navy, Admiral Paolo La Rosa, and the General Director of Naval Arms, Admiral Dino Nascetti.
Tomorrow the American delegation is scheduled to visit Riva Trigoso shipyard where its specific features will be illustrated.
About Fincantieri - Cantieri Navali Italiani S.p.A.
Fincantieri is one of the largest shipbuilders in the world, designing, building and marketing many types of vessels, including cruise ships, ferries, naval vessels, offshore units and mega yachts. The company, with a production network of 9 shipyards, 8 of which are in Italy, has approximately 10,000 employees. 2007 revenues were more than euro 2.7 billion (in excess of USD 4 billion) with an EBITDA of 7.1%. The company's order book at year end stood at a record level of euro 12 billion, comprising a total of 49 ships, 23 for its Cruise, Ferry and Refitting Business Unit, 24 for its Naval Business Unit (including offshore supply vessels) and 2 Mega Yachts.
Fincantieri has extensive experience in the naval sector, acting as prime contractor for the design, construction and logistics support for almost all types of non-nuclear naval surface vessels and submarines, including the aircraft carrier "Cavour," the flagship of the Italian Navy, completely designed and built by Fincantieri. With 39 naval vessels delivered since 1990 and 17 on order, Fincantieri has specialized over the years in mid-sized ships, characterized by the highest quality construction standards and state of the art technical solutions achieved through the sharing of best practices and technologies between its different businesses. Fincantieri has participated in some of the most important recent international naval programs (for example the Italian-French FREMM project and the U212-A submarine program between Italy and Germany).
Furthermore, Fincantieri is the worldwide leader in building cruise ships and ferries, with an impressive track record of 82 cruise ships and ferries delivered over the last 18 years and 19 vessels on order.
Recently Fincantieri strengthened its position in the ship repair and conversion sector and entered the mega yacht segment with the first two orders for ships over 70 meters.
SOURCE Fincantieri - Cantieri Navali Italiani S.p.A.
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