All articles by Craig Ritchie – Page 104
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NewsHubbell Inc CEO David Nord to retire
Connecticut, US-based electrical equipment manufacturer Hubbell Inc has announced that CEO David Nord will retire on October 1.
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NewsMichigan commits to Asian carp control funding
The US State of Michigan was praised by boating, fishing and conservation groups late last week when it signed a formal commitment to allocate US$8.0m in funding toward a dam engineering project aimed at stemming the spread of invasive Asian carp.
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NewsAppointment at Lippert Components
Indiana, US-based marine equipment manufacturer Lippert Components Inc (LCI) has named Mark Woloszyk as its new vice president of technology and product development.
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NewsFLIBS gets green light to proceed
Broward County Commission approves permission for Fort Lauderdale International Boat Show to operate as scheduled
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NewsCovid-19 shutdowns cut MasterCraft FY 2020 earnings
US boatbuilder posts losses of $10.1m for Q4 and $24m for 2020 full year, but issues positive guidance for FY 2021
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NewsFlorida businessman charged after spending federal coronavirus aid money on a new boat
A Florida businessman has been charged with fraud after spending nearly US$700,000 received under a Covid-19 aid program on a new boat.
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NewsCAMX 2020 trade show ready to launch in virtual format
Organisers of the 2020 Composites and Advanced Materials Expo (CAMX) are working around the clock finalising details as North America’s largest trade show for the composites sector transitions to a virtual event in response to the continuing Covid-19 pandemic.
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NewsSmoker Craft CEO Doug Smoker - The 15-minute read
Not watched the video yet? Check out the edited transcript highlights of IBI North America correspondent Craig Ritchie’s recent interview with Doug Smoker on keeping up with surging boat sales in the US market, US tariffs on aluminium, keeping boating affordable and the growth of first-time buyers.
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NewsFrench catamaran builder looking to grow international business
Sailing catamaran manufacturer IZIBoat aims to enhance global sales through potential licensing arrangements
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InterviewIBI speaks with Smoker Craft CEO Doug Smoker
IBI correspondent Craig Ritchie speaks with American boatbuilder Doug Smoker, President & CEO of Smoker Craft, a line of fishing and deck boats with wide appeal among among America’s extensive angling and fishing market – about a wide range of topics including the remarkable demand that is expanding boating’s ranks, ...
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NewsHigher profits offset lower Q2 revenues for BRP
Recreational products manufacturer BRP said Q2 delivered better than expected results driven by strong worldwide retail demand for its portfolio, including PWCs and boats. Wind-down of the Evinrude outboard business was reflected in a 35% drop in marine revenues.
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NewsQ4 plant shutdowns drag down full-year revenues for Malibu
Challenging fourth quarter leads to 4.5% net sales decline for FY 2020, but company looking to grow share in 2021 with new model introductions
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News2020 Q4, full-year sales down for Twin Disc
Covid-19 impacts and soft commercial markets lead to 18% YOY revenue decline for US equipment manufacturer
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NewsMercury enters surf runabout segment with new forward-facing outdrive
Mercury’s new Bravo Four outdrive marks the company’s entry into the lucrative surf runabout segment Mercury Marine has introduced a new Bravo Four S forward‑facing outdrive, positioning the company to enter the rapidly-growing surf runabout segment. Utilising twin counter-rotating propellers mounted on its forward face, the new ...
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NewsUS study says cost of onshoring supply chains from China could top $1 trillion
A new study by US-based Bank of America shows a growing appetite among manufacturers for repatriating overseas production in spite of potentially high costs A new research paper published by the Bank of America (BofA) notes an emerging shift among North American and European manufacturers toward onshoring ...
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NewsBrunswick pays down Revolving Credit Facility
US-based Brunswick Corporation announced that it will repay the remaining balance on its US$400m Revolving Credit Facility on August 21.
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NewsCanadian power equipment builder targets Europe
Xantrex hopes to build its European business on a new line of 230V inverter-chargers Burnaby, Canada-based electrical equipment manufacturer Xantrex aims to build its export business with a new product line developed specifically for the European market. The company says that its newly-announced Freedom XC 230V inverter/charger ...
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NewsMasterCraft buys former Sea Ray plant
Newly-acquired Florida facility to handle all production for upscale Aviara day boat line
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NewsNew CEO for Sailfish Boats
Georgia, US-based fibreglass boatbuilder Sailfish Boats announced late last week that it has named marine industry veteran Rob Parmentier as its new president and CEO with immediate effect.
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