Investment at Isotta Fraschini
04 March 2021
Over €26.5 million investment in R&D for Isotta Fraschini Motori
Final green light for the investment of over €26.5 million for Isotta Fraschini Motori, that was already announced last year.
The public funding comes from the region Apulia, where IFM’s headquarter and manufacturing plant is located, in Bari.
The investment is mainly dedicated to R&D projects within the IFuture initiative of Fincantieri group (IFM’s parent company) that aims at developing a new engine for industrial applications along with a version for the maritime market. It will include the addition of 32 new jobs bringing the total headcount to 163 people.
The IFuture initiative was presented last year when IFM also celebrated its 120-year company anniversary. Giuseppe Bono, CEO of Fincantieri, was quoted at the time saying: “We don’t have to be afraid of the future. Who is afraid of it, might end up not having a future.”
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.