Weichai, A Company from Shandong, China, Saved Ferretti Group in Italy

MILAN

Tan Xuguang chairs the board meeting of Ferretti

On May 16, 2024, Tan Xuguang, Chairman of Ferretti Group, presided over the on-site board meeting of Ferretti at the management headquarters in Milan, fully affirmed the sustained growth of the company's performance in the first quarter, and asked for a comprehensive construction of sustainable high-quality operation competitive advantage.

In 2012, Weichai Group strategically restructured Ferretti Group, which was on the verge of bankruptcy, saving the "crown pearl" of Italy and more than 2,000 Italian families. After 12 years of strategic integration, business integration and cultural integration, Ferretti has stepped onto the track of rapid development from the mire of bankruptcy and reorganization, becoming the world's first enterprise listed both in Hong Kong and Milan. Today, Ferretti has become a stage for more than 4,000 families to harvest happiness, and has made contributions to the stable development of Italy.

La Spezia, Ravenna and Forli

Tan Xuguang investigates Ferretti’s yacht manufacturing base

On May 17, 2024, Tan Xuguang led a team to investigate Italian Ferretti Group's La Spezia shipyards, Ravenna shipyards and Forli shipyards to learn about product research and development, production and manufacturing, order delivery and technical transformation projects.

On the basis of thorough research, Tan Xuguang had a face-to-face discussion with Ferretti's first-line technical, sales, production managers and employee representatives, and delivered an impromptu keynote speech on the spot.

Tan Xuguang said:

Weichai Group's strategic restructuring of Ferretti Group in Italy has achieved great success. The two sides have amazed the world with astonishing achievements and jointly created a model of win-win cooperation between Chinese and Italian enterprises!