MSC To Take Over Wärtsilä Plant In Trieste

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  • Gianluigi Aponte, the owner of the Mediterranean Shipping Company (MSC), has stepped in to salvage the Wärtsilä plant in Trieste, Italy.
  • The Finnish multinational had previously announced its intention to close the factory, but Aponte’s intervention promises a new lease of life for the facility.

Cash-rich Gianluigi Aponte has come to the rescue of a factory plant in Trieste faced with closure, reports Italy 24 News.

Gianluigi Aponte to rescue Wärtsilä’s Trieste plant

Finnish marine technology firm Wärtsilä announced 18 months ago it was scaling down its manufacturing in Trieste, a city where it has had a presence since 1997, buying into and then taking over the 1972-founded Grandi Motori Trieste (GMT). The 300,000 sq m plant (pictured) had been focusing on medium-speed marine engines

Coming in to save the factory, Aponte, the owner of Mediterranean Shipping Company (MSC), has announced plans to take it over and convert it to develop train carriages.

In an interview with Il Secolo XIX, Aponte revealed that MSC had reached an agreement to acquire the Wärtsilä plant.

MSC, the world’s largest containerline as well as being one of the largest names in cruise shipping, has been building a strong European rail network.

In November it formed a new company with Italy’s state-run Ferrovie dello Stato Italiane to expand the freight transport logistics network between ports in Italy and the rest of Europe.

Also last year, MSC struck a deal with New York-headquartered Global Infrastructure Partners to buy a 50% stake in Italian passenger rail operator Italo as well as being selected as the winning partner to help revive Spain’s national rail freight operator Renfe Mercanias.

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Source: Italy 24 News

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