All articles by Craig Ritchie – Page 90
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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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NewsMPI names new rep group for eastern US, Canada
Atlantic Marketing to handle distribution, representation for US plastic and rubber hose maker
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NewsTrump resumes trade war with Canada
It’s Déjà vu for the North American boat industry as US president Donald Trump announces a new 10% tariff on Canadian aluminium, while Canada vows to retaliate
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NewsFire flattens US boat trailer plant
HLT Limited moves production to newly-acquired second location, expects minimal production delays
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NewsGarmin inks supply deal with Avalon and Tahoe Boats
Garmin International Inc announced early this week that it has completed an exclusive supply agreement with Michigan, US-based Avalon and Tahoe Manufacturing Inc.
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NewsAppointment at Mastercraft Boat Holdings
Scott Womack named president of NauticStar fibreglass fishing boat brand
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsScania targets US cruising yacht market with two new engines
Introduction of new 900hp and 1,150hp diesels aims to grow footprint in North American leisure marine segment
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsTough Q2 for Cummins Inc
US engine manufacturer records largest quarterly revenue decline in its history Covid-19 shuts down OEM customers worldwide
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NewsGarmin marine sales up 4% in Q2, while overall revenues drop 9%; CEO comments
A surge in its marine business helps offset higher declines in Garmin’s automotive, aviation and outdoor segments
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NewsMarine Products Corp records 58% Q2 sales decline
Sales, profits down sharply in the second quarter of 2020 as Covid-19 shutdowns impact US fibreglass boatbuilder, but strong June sales point to a brighter Q3
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