THE ITALIAN SEA GROUP S.P.A. (Alliance News) - The Italian Sea Group Spa announced Thursday that it has completed its TISG 4.0, TISG 4.1 and TISG 4.2 investment plans.
The total investment, amounting to a total of EUR68 million over the three years, has been fully allocated to increasing the production capacity of the Marina di Carrara facility.
The TISG 4.0 investment plan, developed at the Marina di Carrara Headquarters, included a new shed for yachts up to 90 meters, a new dry dock, and an additional shed covering the original dry dock.
The TISG 4.1 investment plan, on the other hand, called for expansion on the Church dock by increasing the space dedicated to Refit activities, an additional new shed for yachts up to 90 meters, and the 'expansion of all spaces and workshops serving production.
As of February 2022, the company points out, production capacity has further increased thanks to the acquisition of the Perini Navi shipyards and, with the investments planned in TISG 4.2, the entire production chain of the Tecnomar for Lamborghini 63 project has been moved to La Spezia to further expand the spaces serving the countless orders that can be produced at the Carrara headquarters.
"Our investment plan will continue with new and challenging projects to enable increasingly optimal management of new orders," commented Giovanni Costantino, founder & CEO of The Italian Sea Group.
TISG's sustainability journey, which includes the energy efficiency of its facilities with significant cost savings, has seen, among other initiatives, the installation of about 4,000 square meters of photovoltaic panels on the La Spezia shipyard warehouses and 22,000 square meters in the Marina di Carrara shipyard, reducing CO2 emissions by 1,208 equivalent tons on an annual basis.
The current production capacity of the plant is 2,571 MWh/year.
In addition, 100% of the residual electricity consumed by the Marina di Carrara facilities has been purchased from certified renewable sources.
Last July, The Italian Sea Group took a further step toward decarbonization and neutralized Scope 1 and Scope 2 - market based CO2 emissions generated in FY 2022.
Finally, the energy transition project includes the installation of 22kW electric columns to power the company's fleet vehicles.
The Italian Sea Group is up 0.3 percent to EUR7.74 per share.
By Chiara Bruschi, Alliance News reporter
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