Monfalcone is a town and comune in the Regional decentralization entity of Gorizia in Friuli-Venezia Giulia, northern Italy, located on the Gulf …Monfalcone is a town and comune in the Regional decentralization entity of Gorizia in Friuli-Venezia Giulia, northern Italy, located on the Gulf of Trieste. Its name means 'falcon mountain'. It is a major industrial centre for manufacturing ships, airplanes, textiles, chemicals, and refined oil, and is home to one of Fincantieri's main shipyards. Monfalcone is the northernmost city on the Mediterranean Sea.