Boating

Azimut-Benetti strengthens its position in Tuscany with a 100 million development plan

The 44-metre motor yacht Lumina, designed by Cassetta Yacht Designers, has been launched

Viareggio. Nel cantiere Benetti, il varo del motoryacht da 44 metri Lumina, firmato da Cassetta Yacht Designers

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Demand for superyachts – particularly those over 30 metres in length – continues to grow, and the Azimut Benetti Group, the world leader in this segment, is gearing up to respond to the buoyant market. This is the backdrop to the €100 million investment in production announced yesterday by Chairwoman Giovanna Vitelli at the Benetti shipyard in Viareggio, during the launch of the 44-metre motor yacht Lumina, designed by Cassetta Yacht Designers.

The launch took place using the ‘slipway’, one of the oldest nautical traditions, which Benetti keeps alive thanks to the inclined slipway in operation at its Viareggio shipyard.

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The 100 million investment will be self-financed over the three-year period 2026–2028 at the group’s production sites in Tuscany, including Viareggio, Massa and Livorno. After all, Tuscany, with 14 production sites, represents the operational heart of the Turin-based group, which employs 607 people directly in the region (160 more than in 2020) and has invested 77 million in the last three years alone.

The region alone accounts for 70% of the Azimut Benetti Group’s results – which, for the 26th consecutive year, has topped the global rankings of manufacturers of yachts over 24 metres – and which closed 2025 with 1.56 billion in turnover (+15%) and orders worth 2.5 billion euros, covering the period up to 2029.

“We want to respond to a structural shift in demand,” explains Vitelli to *Il Sole 24 Ore*, “which is seeing growing interest in the superyacht segment, and in particular in vessels over 30 metres. The investment plan is a further step in the group’s industrial consolidation.”

There are four key areas: boosting production capacity and engineering and technological expertise; upgrading infrastructure and equipment; developing renewable energy facilities; and launching new products.

The most substantial projects are concentrated in Viareggio (62 million), where the production facility in Via del Porto will be expanded, the one in Darsena Lucca will be upgraded, a new 62-tonne travel lift will be installed, and new equipment will be fitted at the Lusben shipyard dedicated to refits. The executive offices and customer reception areas, both in Viareggio and Livorno, will be redesigned by Michele De Lucchi and Amdl Circle.

In Livorno, production capacity on Via Edda Fagni will also be increased and the Lusben refit yard will be expanded. The Massa plant will be expanded, whilst solar panels will be installed at various production sites to drive forward the energy transition.

Azimut Benetti’s acceleration, driven precisely by the investment plan already underway, will subsequently focus on the vertical integration of the supply chain. “The in-house production of manufacturing processes is one of the cornerstones of the group’s strategic plan,” explains Vitelli. This process has already begun with the establishment of the production centres in Massa, dedicated to composite manufacturing, and in Pisa, specialising in steel fabrication.

“Now, thanks to the new investments, production processes will be brought even further in-house at Massa,” adds the chairwoman, “in particular the design and manufacture of models and moulds.” The supply chain, which currently comprises more than a thousand companies providing an average of 3,800 workers per day on construction sites across Tuscany, will remain crucial: “We reaffirm our synergistic relationship with the entire supply chain, a fundamental strategic asset,” says Vitelli.

In addition to structural investments, the group is working on skills development, thanks to the ITS Isyl in Viareggio, which specialises in nautical training and is run by the foundation of the same name, of which it is a member.

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