The Russia-Ukraine war will make Fincantieri’s accounts gloat
Folgiero (Fincantieri): "New cycle started for the Defense sector". In the meantime, the preliminary hearing was held on 24 November for Fincantieri in the trial for exploitation: Fiom Veneto and Venice and Cgil Venice and civil parties filed
Fincantieri ready to set sail in the defense business.
“We are facing a long, new industrial cycle, emerging not only from Covid but from the war that will create a demand for military ships”. This is what Pierroberto Folgiero, Fincantieri's managing director, argued when he spoke yesterday in Genoa at the event to celebrate the 30th anniversary of the Ligurian edition of Repubblica .
“There are regions like Southeast Asia that will grow, there are many Navies that want to strengthen themselves. Investment in ships gives the opportunity to defend trade, energy infrastructure and cable ducts. There is a long industrial cycle and a deep market for Fincantieri in the defense sector”, adds the number one of the Trieste naval group.
Precisely in this direction, Fincantieri is preparing for the launch of the multi-purpose offshore patrol vessel "Marcantonio Colonna" built in the Riva Trigoso (Genoa) factory which will take place tomorrow morning, as reported by Ansa . A new unit for the Italian Navy, the fifth of seven commissioned. Two of these have already been delivered, the “ Morosini ” and the “ Paolo Thon Ravel ”.
And in this route the Italian naval giant will be joined by Leonardo, the defense and aerospace group. "We work a lot with Fincantieri, we are further increasing our cooperation on the international trade front, on the naval ship front and we are also trying to understand if we can rationalize some of the presences we have in overlapping sectors by avoiding overlapping and cooperating better" he declared Leonardo's CEO Alessandro Profumo, who spoke on the same occasion.
In the meantime, also yesterday, November 24, the preliminary hearing of the proceeding against Fincantieri for exploitation of workers was held in Venice: Fiom Veneto and Venice and CGIL Venice filed as civil parties.
All the details.
THE ROUTE OF FINCANTIERI ON MILITARY SHIPS
"A new and long industrial cycle will open, because the war in Ukraine will create a demand for military ships in the Mediterranean and throughout the world", adds Folgiero.
Already at the beginning of the month, the CEO of Fincantieri had anticipated this route by observing that "the military and offshore vessel sector shows a very interesting trend both in the short and medium-long term" on the sidelines of the board meeting to communicate the results of the first nine months of the year for Fincantieri. The company ended the reporting period with revenues of €5.32 billion, up 17% from the €4.54 billion achieved in the first three quarters of last year , in line with growth expectations for backlog development .
COLLABORATION WITH LEONARDO
“These are the premises for a highly innovative project that will call the two publicly controlled companies to collaborate, through an increasingly marked partnership” underlines Repubblica .
“Since May, we have launched a program to strengthen collaboration, first of all regarding joint commercial efforts, such as when appraising a home. It is very nice to go together and put commercial platforms together. A second area is certainly that of interweaving skills on the entire architectural and logical part of the ship, which is a way to distinguish itself from competing offers. Surely that of looking at some domains, such as diving where there is a lot of expertise in Italy and we can be stronger” Pierroberto Folgiero highlighted again.
"We have to understand which technologies to put on the hulls to continue to be strong together with Leonardo", explained the CEO of Fincantieri, quoted by Repubblica .
THE LOCATION OF PERFUME
"The collaboration with Fincantieri is growing" echoes Alessandro Profumo, Leonardo's number one.
“Now we think about a new ship. We are increasing cooperation with Fincantieri on the international trade front and also trying to figure out how to rationalize some of the presences we have in overlapping sectors. The goal is to cooperate better and better on the safety front, both as regards surface vessels and underwater vessels. Leonardo's round-the-clock capabilities in collaboration with Fincantieri will be increasingly important” underlined Profumo.
STARTING FROM HORIZON NAVAL SYSTEMS
"Fincantieri and Leonardo agree on the need to take a step forward in their collaboration, continuing to leverage the joint venture Orizzonte Sistemi Navali (51% Fincantieri, 49 Leonardo)" specifies Repubblica, which will act as "prime contractor" for the construction of a new ship. Together, the two partners have already obtained the maxi order for the Fremm frigates, ten units for the Italian Navy which represent a sort of prototype to be fielded in international tenders announced by foreign navies, modeling it on the basis of the needs of the individual country.
UNIONS AS CIVIL PARTIES IN THE TRIAL OF FINCANTIERI FOR EXPLOITATION OF LABOR
Finally, just yesterday the naval group found itself on the stand of the defendants in the court of Venice, together with 15 subcontractors.
The trial sees twelve Fincantieri executives accused together with the owners of some of the companies that operate under contract at the Marghera shipyards; the charges are the exploitation of workers, illegal hiring (article 603 bis of the penal code) and corruption between private parties which took place between the contractors and the top management of Fincantieri, explains the Fiom note. In fact, Fiom CGIL had the role of promoter in this proceeding. The proceeding stems from a complaint presented by the union in 2018.
“There are CGIL and Fiom , which just two days earlier had shown the group's papers and balance sheets in preparation for this hearing, but also the CISL and, together with the trade unions, even several subcontract workers, determined to turn themselves in personally against the so-called «Fincantieri method»” reports the Corriere Veneto .
“Yesterday, in the preliminary hearing for labor exploitation and corruption between private individuals within the Porto Marghera plant, there were many more civil parties than expected, so much so that there were moments of confusion in court. On the other hand, there are also numerous defendants: 32 in all, in various capacities, including fifteen employees or managers of Fincantieri itself the architect Massimiliano Lo Re of Costa Cruises. "With the opening of this process – commented Antonio Silvestri, Fiom regional secretary – it would be good for the healthy part of Fincantieri to distance itself once and for all from these systems". "Instead – insisted Ugo Agiollo, number one of the CGIL Chamber of Labor – in the past, when distortions of this type emerged, the company had no qualms about trying to intimidate the union, the reporters of Report who investigated on the matter, even the Labor Inspectorate»” concluded Corriere Veneto .
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/la-guerra-russia-ucraina-fara-gongolare-i-conti-di-fincantieri/ on Fri, 25 Nov 2022 11:37:23 +0000.