CMC Marine reveals €10m expansion plan and new production site
Electric stabilisation specialist CMC Marine has presented a three-year business development plan during its press conference at METSTRADE 2023, including €10m of investments to expand the product range, increase production capacity and utilise the new partnership with Gyro Marine.
Also part of CMC Marine’s three-year growth plan is a new Salerno production site, which is scheduled to open in December 2023. Occupying an area of 10,000 square metres and including three industrial sheds, the plant will allow mechanical component production to be ramped up and make it possible to bring in-house the production of GRP elements, and therefore the entire STAB line.
CMC Marine, founded in Italy in 2005 by Alessandro Cappiello (pictured above), develops stabiliser, thruster, steering and intruder systems. The firm has achieved over 2,500 installations on yachts and superyachts, a turnover that has more than doubled in the last three years. The firm has technical assistance centres distributed around the world.
During METSTRADE, the company premiered its new LR 180 and LR 250 models, the latter being the largest electrically actuated fin system the company has ever produced. The two new units are designed for boats from 50 to 100 feet in length, expanding the range of products offered by CMC Marine to superyachts and megayachts.
The firm’s new series of electric stabilisation systems, Stabilis 5.0, is arriving in spring 2024. CMC says the algorithm on the Stabilis 5.0 improves on-board performance and exploits all the benefits of CMC Marine’s Stabilis Electra system, including immediate feedback on roll motion reduction and performance optimisation based on sea conditions.
In July 2023, the company announced the opening of a new 600sqm site in Poole (UK), which will be joined by a major development plan for the US market carried forward by Raffaele Invrea, recently appointed managing director of CMC Marine USA.
The third step in the growth plan announced by CMC Marine is its investment to expand the company’s offering of electric products. To achieve this, CMC Marine has partnered with Gyro Marine, including gyroscopes in the product range and further extending the brand’s offer.
Earlier this year, CMC opened a new UK office on the south coast of England, to support its growth in north Europe and the UK.