BY APB Staff on 18 Jun 2024

When fully operational, the site will allow the launch of another 30 boats a year of up to 40 metres in length.

Ferretti Group has officially opened its Riva shipyard in La Spezia in a ceremony attended by Chairman Tan Xuguang and CEO Alberto Galassi, as well as by local authorities and a delegation from Weichai, the group’s longstanding shareholder.

The La Spezia production site now employs over 750 workers daily, including 200 direct employees. It represents a strategic centre for the Ferretti Group in the area of the Ligurian and Tyrrhenian Seas in Italy.

The refurbishment covered both the production and management sections of the shipyard in La Spezia – where Riva yachts are produced – as well as the lounge area that offers hospitality to owners, captains and crew.

The total surface area of 64,000 square metres, with 33 berths on over 400 linear metres of docks, is made up of four industrial sheds with 21 production stations, plus another two sheds totalling 1,000 square metres dedicated to the painting process.

Ferretti Group opens Riva shipyard in La Spezia

Work at the production centre, which now has photovoltaic plants and exclusive purpose-designed spaces like the Riva Lounge, is focused on seven Riva models from 76 feet to 130 feet.

When fully operational, the site will allow the launch of another 30 boats a year of up to 40 metres in length. Located in an area of regional interest, the site aims to protect and respect the natural environment, as certified by Rina according to standards ISO 14001:20151 and ISO 9001:2015.

READ: Ferretti Group Opens New Superyacht Yard

The shipyard forms part of the Miglio Blu (Blue Mile) project to promote the local area and its excellence in yachting while respecting the surrounding environment.

After the strong quarterly report recently announced, the opening ceremony was an opportunity to see firsthand the shipyard’s new look with an audience of local and national authorities.

Group chairman Tan reconfirmed his appreciation for the work of Ferretti Group management and renewed his confidence in the team of managers led by Alberto Galassi.

Ferretti Group launched a US$993m IPO in Hong Kong in 2022, and launched on the Milan Stock Exchange in 2023.

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