Italian Company Fincantieri Forms New Company in U.S.: Fincantieri Marine Systems North America, Inc.title
FDGM, Inc. to Be Absorbed in New Venture
CHESAPEAKE, Va., Nov. 17 /PRNewswire/ -- Italian shipbuilding powerhouse
Fincantieri has formed a new company, Fincantieri Marine Systems North
America, Inc. FDGM, Inc., the U.S.-based subsidiary of Fincantieri, will be
absorbed by this new company.
The establishment of this new company is part of the vision of the
Fincantieri CEO Giuseppe Bono to enlarge its presence in the global maritime
market. Drawing on the vast resources of the parent company and forming
strategic partnerships with other U.S. companies, Fincantieri Marine Systems
North America, Inc. is uniquely qualified to provide fully engineered and
integrated propulsion systems and machinery plant solutions to the U.S.
shipbuilding industry for naval and commercial vessels. Service to the U.S.
Navys mine warfare force will be enhanced to an even greater level as
additional parent company resources are brought to bear.
Fincantieri Marine Systems North America, Inc.s parent Fincantieri,
headquartered in Trieste, Italy, is the worlds premier cruise ship builder
with more than 50% of the market, a market leader in design and building of
fast ferries, holding also approximately 40% of the Mediterranean and North
Sea market share in cruise ferries greater than 150 meters in length, naval
vessel building and design, state-of-the-art mechanical products, and high
speed diesel engines. Fincantieri Marine Systems North America, Inc. will
provide in-service support for the Isotta Fraschini non-magnetic diesel
engines for the U.S. Navys mine warfare fleet and for supply Isotta Fraschini
diesel generators and the Ride Control System for the Lockheed Martin Design
LCS.
Fincantieri Marine Systems North America, Inc. will retain its corporate
headquarters in Chesapeake, VA, and will continue to support the U.S. Navys
forward deployed mine ships through its locations in Ingleside, TX, Bahrain
and Sasebo, Japan.
"The establishment of Fincantieri Marine Systems North America, Inc. sends
a clear message that Fincantieri is a serious contender in the United States
for offering products and services to the Department of Defense, for use in
homeland security, and for commercial business alike," said Upinder Kamal,
Fincantieri Marine Systems Chief Executive Officer. "We bring experience and
expertise in marrying propulsion and machinery systems to a ships hull form
and can offer the highest quality, best value to our clients. Fincantieri
Marine Systems North America, Inc. is poised to become the true maritime
machinery integrator of choice," Kamal continued.
"We will continue to offer the highest level of support and commitment to
our current customers, most importantly the U.S. Navy, in a seamless and
transparent fashion. The new resources now available to us will further
strengthen our capabilities to serve customers even better than ever before,"
Kamal said.
