CMC Marine, a supplier of electric stabilizing systems for yachts, at Metstrade announced plans to invest $10.9 million in its company over the next three years.
In a statement, the company said it will make the investment over the next three years based on three pillars: product, production capacity and new offerings.
Part of CMC’s three-year plan is a new production location in Salerno, Italy, that is scheduled to come online in December. It occupies 107,639 square feet and includes three industrial warehouses that will allow the company to bring in-house the production of fiberglass elements and the entire STAB line of fin stabilizers.
Last July, the company announced the opening of a 6,458 square-foot site in Poole, England, that will be followed by a development plan for the U.S. market under the management of Raffaele Invrea, who was recently named managing director of CMC Marine USA.
The final step in the plan is to expand the company’s electric product offerings and CMC has formed a partnership with Gyro Marine that brings gyroscopes into the parent’s product offerings.
