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Tuesday, June 18, 2024

Ferretti’s Q1 shines with new shipyard in play

Ferretti Group Chairman Tan Xuguang recently hosted a meeting of the Italian Ferretti company’s board of directors in Milan, Italy, where he praised the company’s strong performance in the first quarter and emphasized the importance of sustainable and high-quality operations. Since Weichai Group’s strategic reorganization of the Ferretti Group in 2012, the company has experienced significant growth, going from the brink of bankruptcy to becoming the first company to be listed in Hong Kong, China, and Milan, Italy.

During a recent visit to the La Spezia, Ravenna Shipyard, and Forli Shipyard, Tan Xuguang personally inspected the company’s operations, including product development, manufacturing, order delivery, and technical transformation projects. He engaged in discussions with Ferretti’s technical, sales, and production teams, underscoring the success of the Sino-Italian business cooperation model.

The strategic reorganization led by Weichai Group has not only saved the iconic Italian Ferretti Group but has also positively impacted more than 4,000 families in Italy. Through a combination of business integration and cultural alignment, Ferretti has transitioned to a high-speed development trajectory, ensuring the stable development of the local community.

For those interested in learning more about Ferretti Group’s journey, a video showcasing the company’s achievements and successes is available for viewing. The video serves as a testament to the strong partnership between Weichai Group and the Italian Ferretti Group, showcasing the innovative approach and collaborative spirit that has propelled the company to new heights.

The commitment to operational excellence and sustainable practices highlighted by Tan Xuguang during the board meeting underscores Ferretti Group’s dedication to building a competitive advantage in the maritime industry. With a focus on quality, innovation, and customer satisfaction, Ferretti Group continues to set new standards for excellence in the global market.

In conclusion, Ferretti Group’s remarkable transformation from bankruptcy to success serves as a model for successful business reorganizations and international partnerships. As the company looks towards the future, its focus on sustainability and operational excellence will undoubtedly pave the way for continued growth and success in the maritime industry.

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