Builders of the Costa Concordia

Fincantieri - Cantieri Navali Italiani S.p.A., is a shipbuilding company based in Trieste, Italy. It was formed in 1959 and is the largest shipbuilder in the Mediterranean, and one of the largest in Europe. The company has built both commercial and military vessels during its history.


It designs and builds merchant vessels, passenger ships, offshore, and naval vessels, and is also active in the conversion and ship repair sectors. The company also owned Grandi Motori Trieste, which constructed marine diesel engines, but this was sold to Wärtsilä in 1999.
Originally founded in 1959 as Società Finanziaria Cantieri Navali – Fincantieri S.p.A. as a State financial holding company, part of IRI, the company became a separate entity in 1984.
Today Fincantieri is one of Europe's largest shipbuilding groups and the largest in the Mediterranean.
In Italy, Fincantieri employs a staff of nearly 9,400 (rising to approximately 20,000 if the supply chain is included) working at eight shipyards, two design centres, one research centre and two production sites for mechanical components.
The shipyards of Monfalcone (Gorizia), Marghera (Venice), Sestri Ponente (Genoa), Ancona, Castellammare di Stabia (Naples) and Palermo report to the Merchant Ships Business Unit while the shipyards of Riva Trigoso (Genoa) and Muggiano (La Spezia) report to the Naval Vessel Business Unit.

Fincantieri successfully completed the acquisition of Manitowoc Marine Group from its parent company The Manitowoc Company, Inc. on Jan 1, 2009, which consisted of two shipyards in Wisconsin, including Marinette Marine, which built the first Freedom class littoral combat ship. Fincantieri also purchased from Manitowoc Marine Group a topside repair yard in Ohio and one production plant in Wisconsin making it one of the leading mid-sized shipbuilders in the United States for commercial and government customers, including the U.S. Navy and U.S. Coast Guard.


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