Fincantieri to build cruiseships blocks in Australia as from 2018
The group strengthens its structure to potentially receive the Future Frigates maxi order and, provided they will seal the deal, announces they will be listed at Sydney Stock market
While waiting for final adjudication of a 35 billion dollars international tender called by Canberra Government, Fincantieri is strengthening its presence in Australia starting to build cruiseships blocks as from 2018.
Should Fincantieri's FREMM Frigate project beat the harsh competition of Spanish Navantia, British BAE System, and Australian Austal-ASC merger (which, according to local press is urging the Government to appoint a domestic company), thus being adjudicated the construction of military units within Future Frigates -SEA 5000 State project, Trieste-based corporation will not only establish new facilities on site.
As announced by Dario Deste, President of Fincantieri Australia (sister company purposely founded in late 2016, that will shortly inaugurate a new branch in Adelaide), the company will be listed at Sydeny Stock Market (ASX); third branch of the Italian group to be floated out besides Fincantieri Spa (in Milan) and Vard (in Singapore).
Major target – illustrated Deste – is to “give local investors the opportunity to foster Fincantieri's development in Australia, taking advantage from part of the profit, while simultaneously granting strategic decisions are taken directly in the Country”.
In order to be ready for the deal (construction will start in 2020), Fincantieri already announced further initiatives.
The group helmed by Giuseppe Bono shortlisted various suppliers, that will join the existing network of over 80.000 enterprises, to start testing local workforce.
As from 2018 Fincantieri will start manufacturing blocks for cruiseships already encompassed on the Italian orderbook in Adelaide.
“This initiative – Deste said – shows the strength of Fincantieri, which, although controlling 20 manufacturing plants in 4 countries, is still capable to launch a new local production to promote the development of Australian industry”.
Blocks will be built by domestic workforce, directly recruited by Fincantieri as well as local suppliers that, should the corporation win the tender, will be also engaged in the Future Frigates - SEA 5000 project.
The first cruiseship partially manufactured in Australia will be the one bordered by Coral Sea Expeditions to Vard yard.
Fincantieri's subsidiary will manufacture the ship in Vietnam, except for those blocks built in Australia.