The Ferretti Group has announced a strategic development programme for CRN to strengthen its competitiveness and further consolidate its presence in the sectors concerning megayachts and maxiyachts in steel and composite materials. The programme forecasts concentrating on the production and sale of three-deck yachts in composite materials and steel, which measure 128ft (39m) and above. The company has made considerable investments in its Ancona production site, which features 80,000m2 and is currently working on 27 orders. The development programme will see CRN increasing its ability to compete in the mega- and maxi yacht sectors by producing yachts up to 80m (263ft). As a result Ferretti Yachts, the Group's top brand that accounts for over a third of its total production, will become responsible for the production and sale of semi-customised, two-deck yachts in composite materials. The emphasis will be on the Custom Line 97, 112, and Navetta 30 models. "Given the opportunities which stem from the expansion of the megayacht segment, we believe this choice to be a huge opportunity for the Ferretti Group," said Gabriele Del Torchio, Ferretti Group chief executive officer. "This reorganisation will enable CRN to concentrate on achieving increasingly more important aims, and Ferretti Yachts and its network of dealers to enjoy new and indeed greater market satisfaction."