Latest Company News – Page 200
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NewsBRP takes further steps to manage COVID-19 impact
After slowing down and temporarily suspending manufacturing at all powersports and marine operations sites around the world, Canada’s BRP Inc. announced a series of additional measures – including cost-containment measures and employee compensation changes – to protect the company’s financial flexibility and long-term growth.” BRP’s marine-related products are captured in ...
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NewsFarSounder enters Brazilian market
Navigational equipment manufacturer FarSounder Inc has entered the Brazilian market with the appointment of Ulstein Belga Marine as its newest dealer and the company’s first point of distribution in the country.
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NewsRobertson & Caine ramps up hygiene control at SA factories as lockdown continues
R&C’s once-busy factories are closed until the end of April Catamaran producer Robertson & Caine is ramping up hygiene control measures inside its South African factories in response to the coronavirus pandemic. Thermal cameras to monitor physical distancing, washbasins, and extensive staff engagement are part of a ...
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NewsGYG reschedules loan repayments
Global Yachting Group (GYG), a listed superyacht painting, supply and maintenance company, has given details of changes to its repayments schedule for a €4m loan which was due to be paid up by March 31, 2021. Additionally, it has also made known that its operations in Spain are being restarted.
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NewsGurit restructures Composite Materials unit
Swiss composites specialist Gurit Holding has divided its Composite Materials business into two units: one focused on Marine & Industrial Materials and the other on its extensive Wind Materials business
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NewsUK firm wins export orders for Bennett trim tabs
Marine Components International (MCI) in the UK has landed a range of orders for its Bennett Marine trim tabs product from distributors and dealers serving boatyards across Europe, despite the COVID-19 outbreak severely disrupting the industry.
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NewsGulf Craft Majesty 120 completes first sea trial
The Majesty 120 has a dynamic exterior profile coupled with angular lines and contemporary styling The recently launched tri-deck Majesty 120 from Gulf Craft has completed its first sea trial ahead of its April delivery. During the trial, which was completed prior to the current global situation, ...
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NewsPolish boatbuilders continue production despite global supply chain disruptions
A number of Polish boatbuilders continue their production activities despite the ongoing coronavirus outbreak and the lockdown the country’s authorities have placed on numerous industries and institutions. Responses to the current situation have varied among boatbuilders as the majority of companies decided to maintain production at their shipyards, but others, ...
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NewsLowrance SA expands dealer network but warns of Covid-19 headwinds
Liz Plotz at Lowrance SA is trying to soften the blow for dealers South African marine electronics distributor Lowrance South Africa has expanded its dealer network but warns of stiff economic headwinds caused by the global coronavirus epidemic. The electronics company added two dealers to their network ...
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NewsThree boat brands fall victim to coronavirus as Polaris ends Indiana boat production
Polaris has discontinued production of three of its boat brands and will be shuttering the Syracuse, Indiana plant where they are made.
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NewsRailblaza celebrates 10th anniversary
New Zealand-based Railblaza recently celebrated its 10th anniversary of designing and producing accessories for the marine industry. The company’s founder, Ross Pratt, struggled to find a reliable solution to securing items to vehicles or boats. Born out of necessity, Pratt developed a system that he quickly realised would provide the ...
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NewsDeutsche Yachten expands membership
Deutsche Yachten, the German superyacht industry group, has taken on two new member companies – marine communications specialist Yachtelektronik Kruse and akf bank, a leading finance partner for those buying yachts of up to 50m in length.
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NewsWave International appoints Italian distributor
Stelio Bardi Srl to repreent Wave’s MiniBOSS OWS in Italy, Monaco and Malta
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NewsYamaha suspends production at outboard engine factories following US closures
Lower demand and supply problems are factors in the latest decision to suspend production for effectively a month
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NewsBrunswick Corp lends support in fight against Covid-19
Brunswick Corp and many of its brands are doing their part to help those on the front lines in the fight against Covid-19.
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NewsCorrect Craft producing PPE
Just one week after its Florida operations were curtailed due to the COVID-19 pandemic, Correct Craft is beginning to produce Personal Protective Equipment (PPE) at its facilities there and in California.
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NewsAntonini Group launches new yacht brand
Italy’s Antonini Group, a commercial shipbuilder active in the oil and gas industry, has entered the luxury yacht market with the creation of a new brand – Antonini Navi. The project is the brainchild of Aldo Manna and has the full support of the Antonini family, with a planned investment ...
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NewsLippert execs take pay cut, trim jobs, create emergency fund
American equipment maker Lippert Components announced further measures the company is taking to weather the Covid-19 storm including salary reductions, job furloughs, and emergency funding for employees impacted by the crisis. The company said it would ‘pause’ on acquisition activity aimed at diversification, but continue to invest in technology
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NewsNMMA announces 23 layoffs, discontinues export development program
Further to today’s IBI News Flash entitled ‘Layoffs at NMMA’, the US trade association has just released the following email to its member companies. Dear NMMA Member, I hope you and your family are well and remaining healthy. Over the past month, the NMMA team has been working closely with ...
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