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€91 million investment for Sanlorenzo

Sanlorenzo and its subsidiary Bluegame are to invest more than €91 million after signing a development agreement with the Minister of Business and Made in Italy.

The investment will be at the company’s four main shipyards in Tuscany and Liguria.

It will focus on sustainability and technological innovations including the design and production of boats aimed at having a lower environmental impact and development materials for product development.

This will involve reducing energy consumption, lowering exhaust gas emissions with the adoption of green fuels, waste management and marine habitat protection and biodiversity.

There will also be investment in the digitalisation of services and processes, coupled with a significant increase in production capacity with the reconversion of abandoned industrial areas and a revisiting of the factory spaces implementing modern production best practices.

Under the agreement, Sanlorenzo Group will also increase employment, hiring more than 200 direct workers by 2026, with a more than proportional employment impact throughout the entire supply chain in the region.

The agreement marks an important milestone in our vision for the sustainable development of luxury yachting and the broader ecosystem in which we operate.

Massimo Perotti

Additionally, the investment initiatives will encompass the redevelopment of vacant industrial areas and the modernisation of facility spaces in accordance with leading production practices.

“The agreement marks an important milestone in our vision for the sustainable development of luxury yachting and the broader ecosystem in which we operate,” said Massimo Perotti, chairman and CEO of Sanlorenzo.

“We are pleased to collaborate with governmental institutions to bolster Sanlorenzo’s role as ambassador of Made in Italy excellence and competitiveness in the world.”

The agreement is for a total investment of €91.5 million for which the Ministry of Business and Made in Italy will make available more than 11.3 million euros in benefits.

The Tuscany Region will co-finance projects relating to the territory for a total amount of €500,000.

The agreement will be managed by Invitalia which, on behalf of the Ministry of Business and Made in Italy.

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