More Company News – Page 227
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Wartsila to restructure marine business ‘to accelerate strategy execution’
A new corporate three-part structure is to be introduced for the marine business of Finnish high-tech systems company Wärtsilä, from July 1, 2020. The company is a major supplier of various systems and equipment to the global yacht market and in a statement the reorganisation was stated to be aimed ...
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New family-run SA business eyes export market with new semi-rigid model
A family-run engineering services company has launched themselves onto the South African boatbuilding market with a new custom 5.7m semi-rigid aluminium model.
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Liqui Moly MD guarantees jobs
German oil and additive specialist Liqui Moly has released a statement to say that no workers will be laid off during the coronavirus outbreak. “If need be, I’ll waive my salary,” says Ernst Prost, managing director.
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Winnebago suspends production at Chris-Craft
Winnebago Industries has announced that it is temporarily suspending production activities at its Chris-Craft and other production facilities in the US. The steps are designed to lower the probability of coronavirus exposure to employees and adjust future production output relative to demand.
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Yamaha temporarily suspends production at US subsidiaries
Yamaha Motor US announced today that the company will suspend production at six of its US manufacturing facilities in response to the increase in Covid-19 infections in the United States.
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US boating industry struggles to maintain normalcy
The uncoordinated response of federal, state and local governments across the US is creating a myriad of circustances for manufacturers, retailers and boaters themselves.
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Gavio Group to combine Baglietto and CCN yards under the Baglietto brand
Yards closed until early April due to coronavirus
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Dometic Marine closes Pennsylvania facility
Dometic Marine, formerly SeaStar Solutions, closed its facility in Limerick, Pennsylvania on Friday after the state ordered all “non-life-sustaining” businesses to close for an undetermined period of time to help stem the spread of COVID-19. The facility will remain closed as long as the order is in effect. “We recognise ...
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Delta ‘T’ Systems appoints sales and service provider
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has appointed Dania Beach, Florida-based Gillen Yacht Services as its newest authorised sales and service provider.
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Sunseeker to temporarily reduce workforce, salaries
The measures are part of an effort to avoid compulsory redundancies
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Brunswick temporarily suspends production
New work schedules will begin to take effect from Monday 23 March
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Temporary closure at Grand Banks Malaysian yard
In compliance with government orders, Grand Banks Yachts has closed its manufacturing operation in Pasif Gudang, Malaysia where it employees 763 workers, for a 14-day period; no material impact expected
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Invincible: online to replace boat shows, operations continue
Invincible Boats, which began the new year with a new catamaran, new marketing campaign and a new push into international markets, is adjusting to the changing market conditions brought on by the COVID-19 pandemic and, thus far, is continuing normal manufacturing operations.
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Liqui Moly defies Covid-19 with generous staff bonus
German oil and additive specialist Liqui Moly has reacted to the coronavirus crisis by paying a bonus of €1,000 to all of its employees.
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Hanse maintains production pace; sold out until June
HanseYachts’ CEO has provided an update on the company’s status for clients, suppliers and shareholders in the wake of the Coronavirus crisis: “We are producing and are able to deliver.”
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SF Marina continues global expansion
SF Marina, the Swedish manufacturer of floating concrete breakwaters, docks and waterfront structures, has started operations at its new manufacturing facilities in Malaysia and Thailand. This is in addition to expanding its production sites in Sweden, the US and New Zealand.
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Garmin named IBBI supplier of the year
Garmin International Inc has been named supplier of the year by US-based purchasing cooperative Independent Boat Builders Inc (IBBI). This marks the second consecutive year that Garmin has been awarded the designation.
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Invincible Boats expands Down Under
Invincible Boat Company, a US-based builder of saltwater sportfishing and high-performance boats, has appointed Sydney-based Boat Monster as its distributor for Australia and New Zealand.
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Volvo issues statement on Covid-19
Sweden’s Volvo Group has issued an update on the impact of Covid-19, stating that there is a “considerable risk of material financial impact on the Group as from mid-March.”
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Twin Disc Pacific moves to new regional headquarters
The state-of-the-art facility in Eagle Farm, Brisbane also operates as a distribution centre