Baker Hughes, an energy technology company, announced at the Gastech Exhibition & Conference in Milan a plan to invest approximately 300 million euros in its existing facilities and plants in Italy over the next five years. The investment aims to meet the growing demand for Baker Hughes’ technology solutions that enable safe, reliable and sustainable energy production around the world.

The investment plan, which includes new highly specialized jobs in Italy, mainly in production and engineering, will involve nearly all of Baker Hughes' Italian facilities under the Industrial & Energy Technology (IET) business.

“We are very pleased to announce this important investment in our Italian facilities to ensure our global customers may continue addressing growing energy demand,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “With this increased capacity, we will be able to further accelerate the development and delivery of key technologies to help ensure energy is affordable, secure and sustainable for the long term.”

“This investment plan not only strengthens our production capacity and creates highly differentiated jobs but also reaffirms the strategic importance of our facilities and people in delivering the advanced technology solutions the world needs,” said Alessandro Bresciani, senior vice president of Energy Equipment at Baker Hughes.  “We are proud to continue investing and growing here in Italy, contributing to the country's development and addressing today's and tomorrow's global energy challenges.”

In Italy, Baker Hughes currently has over 6,600 employees across eight sites.