Baglietto is to invest €12m in operating facilities, human resources, and research and development in the coming years up to 2020. The Italian shipyard says a new line of yachts ranging from 41m to 50m is in the drawing board as part of its expansion plan.

The investment follows on from the €20m the company has already spent over the last four years for the construction of two new industrial sheds and the upgrading of the entire production facility to the highest construction standards.

Further works at the shipyard will involve the immediate construction of an over 3,600sq m dock. The new infrastructure could be covered at a later stage. The addition of an industrial shed for vessels up to 65m is being considered.

The Italian shipyard has also revealed that it’s working on a new line of yachts to join its current product range. Models in the drawing board are yachts in 41m, 44m and 50m.

Baglietto’s current product line comprises planing yachts built in light aluminium and a displacement line of yachts built in steel and aluminium between 35m and 65m.

Initially, a semi-displacement aluminium hull will be introduced, but Baglietto says a steel and aluminium displacement version is already being developed.

Baglietto general manager Michele Gavino explains: “This new series is part of a far-reaching renovation process, which started off with the 46m Fast and aims at bringing the ‘seagull brand’ closer to market demands, while also preserving its strong personality and Baglietto’s unique style.

“We have asked two great designers to give shape to Baglietto’s future while never losing sight of the unbreakable bond with its history and its identity.”

Baglietto has teamed up with Francesco Paszkowski Design and Hot Lab for developing the new models. Hull engineering on these projects has been carried out by Baglietto engineering department.