Piaggio breaks new ground for state of art manufacturing base

The new facility will be opened within two years and could play a vital part in the future of the company which is jointly owned by Mubadala, Tata and the Ferrari family.

Chairman Piero Ferrari, and chief executive Alberto Galassi, led the ceremony to start the construction which will eventually be focused on the manufacture of parts and subassemblies for the P.180 Avanti II aircraft and aero engine manufacturing, repair and overall cycles.  

All of these activities are currently located in Piaggio Aero Finale Ligure’s plant which will be transferred into the new high technological facility in Villanova d’Albenga while the P.180 Avanti II final assembly line will continue at the company’s other production plant in Genova Sestri Ponente.

Ferrari said: “We   have reached  a memorable milestone  in the development  of our company which   has been made possible thanks to the support of Piaggio Aero’s employees, shareholders and national and local institutions.” He declared  “I’m proud that Piaggio Aero  is able to continue its industrial expansion  in Italy  , and with the great support of our primary international shareholders Mubadala and Tata, will continue down the path of sustained future growth ”

The new production plant of  49.300 square meters  is located in  an area of total  127.000 square meters  in a  strategic  position behind Villanova d’Albenga  airport with  direct access to a 1500 meters runway. The investment required for this project is about 100 million Euros.