Avio Aero, over €22 million from MIMIT to support investments in Campania

Adolfo Urso, Minister of Enterprise and Made in Italy, has authorised the signing of a development agreement to support investments in favour of Avio Aero (GE Avio), a company of the General Electric group, active in the design, production, and maintenance of systems and components for civil and military aviation. The project includes production investments at the Pomigliano D’Arco site, near Naples, as well as a research and experimental development plan that will involve the Pomigliano and Brindisi sites. Overall, the cost of the planned investments amounts to EUR 55.9 million and the public subsidy from Mimit will amount to EUR 22.1 million. In detail, the programme sets the expansion of the production capacity of the Pomigliano site, through the construction of a new turbine repair line, and the innovation of some phases of the production cycle by introducing new technologies capable of generating positive effects on the environmental impact of processing, on the competitiveness of the site, and on product quality. The agreement, explains Mimit, ‘will have a positive impact on direct employment, with the expected hiring of 100 new workers, as well as on the local allied industries and supplier companies. The programme also aims to strengthen Avio Aero’s presence in foreign markets, where 94% of its turnover is already concentrated’. The Minister’s signature will now be followed by the preliminary investigation and the signing of a development contract with Invitalia.