Latest Company News – Page 218
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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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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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