Latest Company News – Page 199
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NewsSwedish builder maintains production at full capacity
Similar to many other manufacturing businesses in Sweden, boatbuilder Hallberg-Rassy continues production activities despite the coronavirus outbreak. However, the restrictions on foreign travel are making it difficult for some of its customers to pick up their yachts, according to senior company representatives. Magnus Rassy, the chief executive of Hallberg-Rassy, told ...
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NewsSmoker Craft to resume boat production on April 27
Fibreglass, pontoon and aluminium boat builder Smoker Craft Inc has announced plans to return to full production at its Indiana, US manufacturing plant following a five-week shutdown in response to the Covid-19 pandemic.
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NewsBeneteau dealer network takes action in preparation for return to business
Although most Beneteau dealers worldwide are now closed to customers and suppliers, staff are working behind the scenes to prepare for a return to business. The scale of these actions varies, however, as restrictions differ from country to country.
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NewsBurgess CEO: “Our industry has changed forever, but our industry is here to stay”
Jonathan Beckett first joined Burgess Yachts at the age of 23 While companies large and small the world over are working to keep their businesses afloat and planning a return to operations, global organisations like Burgess Yachts face the additional challenges of planning for scale, a varied ...
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NewsSureShade relocates production to Florida
Move to existing Taylor Made facility to allow greater vertical integration and production capacity
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NewsDamen builds six patrol vessels with Hull Vanes
Damen Shipyards of the Netherlands is completing an order for six police patrol vessels, each equipped with a Hull Vane – a below-the-transom wing that cuts fuel use, renders a higher speed, dampens a ship’s motions and makes for a quieter ride.
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NewsBoero reports strong 2019, with Yachting division sales up 7%
Sales are being driven by the superyacht segment
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NewsWinch Design forms Employee Benefit Trust with key shareholding stake
JAC Holdings, the ultimate owner of the Winch Design companies, has a new significant shareholder which in effect takes the form of an Employee Benefit Trust. The new trust was created last year and according to a filing made to Companies House, the UK’s Business register, by JAC Holdings, the ...
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NewsGEM Products awaiting expansion approval
Despite an unknown “virus hangover”, GEM Products is moving forward with expansion plans, currently awaiting local government approval.
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NewsAkzoNobel Q1 profitability up 31%, but revenues down 6%
Paints and coatings giant AkzoNobel posted a 31% rise in Q1 profitability – to €214m – but saw its revenues sink to just over €2bn, a drop of 6%.
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NewsSanlorenzo reopens, aiming for limited financial impact
Sanlorenzo’s Executive Chairman Massimo Perotti reported to shareholders today that all of the yacht builder’s facilities were operational as of 20 April and the company is aiming for a limited impact on results for 2020
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NewsFerretti signs protocol to stop spread of Covid-19 in the workplace
Italy’s Ferretti Group has announced that it is one of the first companies in Italy to sign a protocol with national, territorial and local trade unions to combat the spread of the new coronavirus, Covid-19, in the workplace.
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NewsMB92 announces gradual return to work
MB92 Group has announced that it has restarted activities at its refit and repair facilities in Barcelona and La Ciotat.
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NewsU-Boat Worx of Netherlands starts production line of small subs
U-Boat Worx is hoping to tap into a larger market U-Boat Worx has added to its range of submarines a small, lightweight two-seater sub called the Nemo that can dive to 100m (330ft) of depth for up to eight hours and fits on a wider range of ...
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NewsAzimut-Benetti to make partial start to a full reworking
While the regional government for Tuscany has stated that a full return to work would not be made until May 4, it has reportedly allowed the Azimut-Benetti Group to go ahead with an initial restart that involves around 500 or so workers, about one-third of the total workforce.
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NewsAlia turns hull of first 36m all-aluminium shadow vessel
Turkey’s Alia Yachts has turned the aluminium hull of its 36m shadow vessel slated for delivery in 2021. Once complete it will support Project Phi, the 55m mothership currently in build at Royal Huisman in the Netherlands.
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NewsNEEL Trimarans increases equity base with two new investment funds
For French multihull yacht builder NEEL Trimarans, 2020 will be a memorable year not only because of COVID-19. More significantly 2020 is the company’s 10th anniversary and it has taken steps to expand its equity base to underpin its future expansion. Earlier this year at boot Dusseldorf, the group announced ...
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NewsCox issues CXO300 production update
The UK’s Cox Powertrain today announced that assembly of its new CXO300 diesel outboard engine will proceed as planned at its Shoreham-by-Sea headquarters, while the company’s ramp-up production schedule will begin in Q3 when supply chains are hoped to be operating nearer pre-Covid-19 levels.
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NewsShakespeare Marine secures largest-ever UK manufacturing order from Asia
US-headquartered Shakespeare Marine has received an order from HNC Global Supplies Co in Korea for over 500 of its antennas.
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NewsPolaris donations support ‘Goggles for Docs’
Nearly 1,300 Goggles Donated to Help Address Protective Eye Equipment Shortages Across the U.S.
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