Italian superyacht builder Perini Navi has completed a €15m capital increase to support the group’s business plan that was set up in 2014.

Perini Navi will use the funds to reinforce its production facilities, strengthen its Service & Refit department, improve commercial relations, and support activities in research and innovation.

The company has also reinforced its team with the appointment of a new technical and purchasing director, Giorgio Ferlito.

“We have implemented a new, more flexible organisational structure to be more efficient and efficacious within our value chain,” says Perini Navi chairman Fabio Boschi.

“The planned investments, which are already in the implementation phase, confirm our approach: to ensure that distinction and excellence, features that have always distinguished our organisation, continue to be one of our principal strengths for the future as well.”

The Perini Navi Group says it expects to close 2015 in line with the business plan’s objectives. Three new-build sailing yachts are currently under construction – a 38m and a 70m due for delivery in 2016, followed by a 60m due in 2017 – and further new designs are on their way. In 2015, some 44 yachts were in Perini yards for service and/or refit. The company says that 2016 has begun with a list of jobs already booked, which will triple the previous year’s results.

Perini Navi designs and builds large sailing yachts and motoryachts under the Picchiotti brand name. Its facilities include the Perini Navi shipyard in Viareggio, the Picchiotti shipyard in La Spezia, Perini Istanbul-Yildiz in Turkey and Perini Navi USA.