Latest news from Heavy Lift & Project Forwarding International Magazine

Italian banks support Fagioli

October 29 - Fagioli has secured new credit facilities from the group's existing pool of main Italian banks to support a three-year international growth plan and investments in new equipment.

After finalising the sale of its sister company, Interporto di Rivalta Scrivia, in October 2012, Fagioli has undertaken a significant reorganisation over the last 18 months.

The group is now focusing on three core businesses and targeting growth in specific geographical areas of the world. The significant increase in revolving credit and bonding facilities will support the accelerating growth if the business, including further investments in assets, says Fagioli.

Fagioli, which took part in the parbuckling operation of the Costa Concordia (pictured below) and will be involved in its re-floating next year, is developing an advanced skidding and lifting system, with a capacity of 64,000 tonnes, which will be used in the installation of the 42-tonne Hebron Platform in offshore Newfoundland, Canada.

Various other projects in Mexico, Suriname, Canada and the USA are set to be handled by the company and its 2013 turnover is expected to be higher than previously expected.

"The fact that the banks are standing by Fagioli's strategy in this particular moment of difficulty of the national economy, confirms their trust in the company and in its management," says Fabio Belli, ceo of the Fagioli group.

 

 

www.fagioli.it

Heavy Lift | News

Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 84
Dsouza joins Virgin Atlantic  thumbnail image

Dsouza joins Virgin Atlantic 

May 20 - Virgin Atlantic Cargo has named Bosco Dsouza as its account manager in Melbourne as the airline looks to continue its expansion in Australia. 
Views: 109
Demag duo for Cosmo thumbnail image

Demag duo for Cosmo

May 20 - Australia’s Cosmo Cranes has added two Demag all-terrain cranes to its fleet.
Views: 99

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.