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IVG Iveco Group NV

11.485
-0.175 (-1.50%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Iveco Group NV BIT:IVG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.175 -1.50% 11.485 11.37 11.59 11.685 11.26 11.685 2,466,372 17:00:00

FPT Industrial engines power the construction of the longest immersed tunnel in the world

30/01/2024 11:00am

GlobeNewswire Inc.


Iveco Group NV (BIT:IVG)
Historical Stock Chart


From Dec 2023 to Jun 2024

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Turin, 30th January 2024. FPT Industrial, the brand of Iveco Group (EXM: IVG) specialised in advanced propulsion technologies, is playing a pivotal role in the construction of the Fehmarnbelt tunnel, an 18-kilometre-long tunnel that will provide the fastest connection between Scandinavia and Central Europe and is set to be the world’s longest immersed tunnel.

FPT Industrial, through its distributor Bimotor S.p.A., has supplied its state-ot-the-art F36 Stage V engines for power generation to CGM, a leading producer of generation sets. These gensets are currently in operation at the massive Fehmarnbelt construction site, which includes the largest concrete factory in the world.

The Fehmarnbelt tunnel, co-financed by the European Commission and due for completion by 2029, is a monumental project consisting of 79 standard and 10 special elements. The construction of each element requires a significant amount of reliable, ready-to-use energy, and the project has entrusted this to the CGM gensets powered by FPT Industrial engines.

The construction of the Fehmarnbelt tunnel is an important addition to Europe’s sustainable transport network of the future. It will offer the quickest and most direct route between Denmark and Germany, while reducing CO2 emissions and alleviating congestion on existing roads and railways. Contributing to this transformative project is fully consistent with FPT Industrial’s commitment to sustainability and further validates the unique benefits of the brand’s power generation solutions.

Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 35,000 people around the world and has 20 industrial sites and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:Francesco Polsinelli, Tel: +39 335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail: mediarelations@ivecogroup.com

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