Grand Banks Yachts is a luxury yacht manufacturing company based out of Malaysia, and listed on the Singapore Stock Exchange as Grand Banks Yachts Ltd. ( GBY:SP ) [1]
Grand Banks Yachts began as American Marine [2] , established by Robert J. Newton and his two sons John and Whit Newton. They are regarded as influential in making recreational trawler -style yachts iconic [3] . In 2014 Grand Banks Yachts acquired a 100% ownership stake in Australian luxury yacht builders Palm Beach Motor Yachts, acquiring its CEO Mark Richards , skipper of 8 times line honours Sydney to Hobart winning SuperMaxi Wild Oats XI , to run the enlarged company group [4] .
The original shipyard in 1956 was located on a small section of waterfront [5] in Kowloon, Hong Kong. Hong Kong was at that time a British Colony . Their first boat was launched in 1957 after 6 months of building, and Robert's other son Whit joined his brother and father, and they established American Marine Ltd building heavy sailboats and large motor-yachts for some of the world's top marine architects including Sparkman & Stephens , William Garden , Nat Herreshoff , Ray Hunt and others [6] [7] .
In 1962, American Marine commissioned their own design through naval architect Ken Smith [8] , a 36 foot trawler named Spray that would lead into the future design of the Grand Banks 36 [9] . Within 1 year of launching Spray, American Marine ceased custom building to focus on their new 8-knot wooden cruiser, and over the next few years expanded the Grand Banks fleet to include the GB32, GB42, GB48, GB50, GB57 and GB62. The shipyard moved from Singapore in 1995 [10] and now trades out of a factory in Johor Bahru [11] , Malaysia with corporate offices in Singapore.
Upon its acquisition of Palm Beach and appointment of new CEO Mark Richards , the shipyard in Pasir Gudang, Johor Bahru , underwent substantial refitting and development and Grand Banks moved from its previous dealership sales distribution network to a factory direct sales model [12] . The company ceased production of its line of legacy models to focus on developing more efficient and modern designs using new technology and production methods utilising carbon fiber , resin infusion and multi-axis CNC . Grand Banks is due to unveil its new flagship Grand Banks 60 in 2017 to commemorate the company's 60th anniversary.
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SINGAPORE (Aug 30): Grand Banks Yachts, the luxury yacht designer and builder, reported earnings of S$2 million for the FY16 ended June, reversing from its net loss of S$4.8 million in the preceding year.
Full-year revenue rose 49.7% to S$58.7 million as the group sold eight inventory yachts and received orders for all of its new models — Grand Banks 60, Eastbay 44 and 52, and Palm Beach 42. The group had also ramped up the manufacturing at its Pasir Gudang facility and more yachts achieved construction milestones.
Gross margins improved by 7.5 percentage points to 17.4%, after Grand Banks adopted a factory direct sales model and improved its manufacturing processes for better efficiency.
Furthermore, the group also received a one off gain from a deferred tax asset, which boosted earnings by S$0.7 million.
At end June, the group had an order book of S$34.1 million.
Grand Banks says it is mindful of the volatility in RM, AUD and USD that would affect its operations, but adds that its successful integration of its Palm Beach and Grand Banks brands will drive growth for the group in FY17.
The group did not declare any dividends for the current financial period.
Shares of Grand Banks are trading at 23.5 Singaporean cents.
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Singapore Exchange-listed Grand Banks Yachts Limited is a global brand known for its vast experience in manufacturing and selling luxury motor yachts. Headquartered in Singapore with manufacturing operations in Malaysia and marketing offices in Seattle, Grand Banks is recognized for superior quality and craftsmanship, and has built some of the most highly sought-after yachts available in the market today.
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Grand Banks Yachts Sdn. Bhd. is based in Malaysia. The head office is in Pasir Gudang. It operates in the Boat Building industry. It was established on December 31, 1990. It currently has a total number of 860 (2023) employees. In 2023, the company reported a net sales revenue increase of 44.56%. Over the same period, its total assets grew by 24.77%. The net profit margin of Grand Banks Yachts Sdn. Bhd. increased by 2.35% in 2023.
Headquarters Plo 488, Jalan Suasa, Pasir Gudang Industrial Estate Pasir Gudang; Johor; Postal Code: 81700
Contact Details: Purchase the Grand Banks Yachts Sdn. Bhd. report to view the information.
Website: http://www.grandbanks.com
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Grand banks yachts sdn. bhd. (malaysia).
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Company Name | GRAND BANKS YACHTS SDN. BHD. |
---|---|
Company Registration No. | 0210310M / 199001018641 |
Nature of Business | MANUFACTURE AND SALE OF FIBREGLASS YACHTS --> |
Date of Registration | 1990-12-31 --> |
State | JOHOR --> |
GRAND BANKS YACHTS SDN. BHD. was incorporated on 1990-12-31 in Malaysia with registration number of 0210310M / 199001018641 . GRAND BANKS YACHTS SDN. BHD.'s business includes MANUFACTURE AND SALE OF FIBREGLASS YACHTS
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It’s a fun and engaging process but one that requires clear and constant communication.
The last thing you need is a middleman who adds time and cost to the proceedings!
So, buying directly from the factory makes eminently good sense. You’ll have immediate access to the personnel who control every stage of the build. You’ll always have the opportunity to give your feedback to the right people at the right time.
This makes it a highly efficient way of working. It’s also highly enjoyable as it allows you to be part of the process and feel a real sense of ownership as the boat takes shape.
Once construction of your yacht is underway, we’ll invite you to come and spend some time with us at our factory in Johor, Malaysia. Fly into either Kuala Lumpur or Singapore and we’ll collect you at the airport and bring you to the Renaissance hotel where you can relax and recover from your flight.
Next day, we’ll take you on the tour. Most of our guests are initially overwhelmed by the scale of the operation! With 650 staff working in 51,000 square meters, the factory is massive. But, as we guide you through the facility, you’ll soon understand how the layout and workflow create real efficiencies in the build and enable us to maintain exceptionally high standards of craftsmanship.
You will, of course, spend time on your own boat at whatever stage of completion it may have reached. And you’ll have the opportunity to meet with the department heads who will ensure the final detailing meets your exact requirements.
Depending on the stage of your build, there may be the opportunity of taking it for a sea trial. If not, we’ll take you out on the water in a similar model.
We’ll have dinner together at the end of your stay and return you to the airport full of excitement and anticipation!!!
David Berkman, GB60 owner.
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Length/Beam: 60' 5" / 17' 7" Engines: Volvo D11 Shafts @ 725 hp / IPS950s: Top Speed: 33 knots: Cruising Speed: 28 knots: Fuel Burn: 33 GPH / 21 knots
The efficiency of our workflow has proven to be a major factor in the success of our operation. Over the last five years, the factory has been modernized and its facilities re-arranged to ensure the most ergonomic passage of each Grand Banks through every stage of construction and testing. The boats snake through the factory as they visit one ...
The immediate appeal of this 36-foot, diesel-powered cruiser led the Newtons to abandon their custom yacht building business to concentrate on the production line that would eventually become Grand Banks. Since 1965, when the first models were launched, 1,136 GB36s have been built. be made of fiberglass, not wood.
Grand Banks Yachts. 10,144 likes · 157 talking about this · 64 were here. For sixty years, the GB brand has defined the experience of luxury cruising.
By Kevin Koenig. Updated: April 27, 2017. Malaysia ex Machina Laurie K. Gilbert. Johor Bahru, Malaysia, home of the Grand Banks Yachts factory, is quite literally on the other side of the world from large swaths of America. The time difference between there and the U.S. East Coast is a bracing 13 hours. Undomesticated dogs that resemble coyotes ...
Grand Banks Yachts | 1,844 pengikut di LinkedIn. Builders of exquisite motor yachts since 1956 | Established in 1957 as American Marine, Grand Banks has over 60 years of history pioneering and designing many of the most recognisable styles in the recreational motor yacht industry. Grand Banks Yachts builds beautiful iconic recreational motor yachts with renowned craftsmanship and detail.
The Grand Banks 60 Skylounge delivers epic performance and a temperature-controlled upper helm station. Pen Marine is the authorised distributor of Grand Banks boats and yachts in Malaysia. Grand Banks is constantly moving forward with new ideas and techniques to deliver the best ride of any yacht, of any size, while also bringing all the ...
To Increase Capacity, Build Bigger Luxury Boats Amid Healthy Order Book SINGAPORE, 6 July 2023 - Grand Banks Yachts Limited ("Grand Banks" or the "Group") said today it would expand its production facility in Malaysia by more than 25% to handle bigger luxury boats, increase capacity and accelerate boat-building activities.
The Grand Banks 60 can reach speeds up to 36 knots, has a range of more than 2,500 nautical miles at 10 knots, and uses an unbelievably efficient 29 gal/hr of fuel 20 knots. We believe we have created the most stable 60-foot monohull flybridge in the world, which performs confidently in even the roughest seas and will take you anywhere you want ...
Find company research, competitor information, contact details & financial data for GRAND BANKS YACHTS SDN. BHD. of PASIR GUDANG, Johor. Get the latest business insights from Dun & Bradstreet.
Grand Banks Yachts Sdn Bhd was founded in 1990. The Company's line of business includes building and repairing boats. Company profile page for Grand Banks Yachts Sdn Bhd including stock price ...
Genting Bhd chairman Tan Sri Lim Kok Thay's 28.49%-owned Grand Banks Yachts Ltd said on Thursday (Oct 27) the yacht manufacturer's business momentum is expected to accelerate after achieving an all-time high net order book value. The manufacturer of luxury recreational motor yachts, whose manufacturing yard is located in Pasir Gudang, Johor, reported that its net order book swelled to a record ...
Discover Grand Banks. Welcome to Grand Banks. There are currently five models in our range, all of them display and combination of style, innovation and engineering excellence that deliver unbeatable fuel efficiency, handling and comfort on the water.
SINGAPORE (Apr 21): Grand Banks Yachts announced a six-year high order book of $31.6 million lifted by demand for brand new models as well as strong contributions from the newly acquired Palm Beach Yacht brand following the 2015 Miami Boat Show. The ...
Grand Banks Yachts is a luxury yacht manufacturing company based out of Malaysia, and listed on the Singapore Stock Exchange as Grand Banks Yachts Ltd. ( GBY:SP) [1] Grand Banks Yachts began as American Marine [2], established by Robert J. Newton and his two sons John and Whit Newton. They are regarded as influential in making recreational ...
30 Aug 2016, 05:40 pm. SINGAPORE (Aug 30): Grand Banks Yachts, the luxury yacht designer and builder, reported earnings of S$2 million for the FY16 ended June, reversing from its net loss of S$4.8 million in the preceding year. Full-year revenue rose 49.7% to S$58.7 million as the group sold eight inventory yachts and received orders for all of ...
OUR OFFICES. For any enquiries, please call your nearest office or send an email to our HQ at: United States. +1 877 291 4220. Australia & New Zealand. +61 413 206 775. Asia & Japan. +60 19 7129488. Europe.
May 13, 2024 Grand Banks Yachts' 9M FY2024 Net Profit Rises 92.8% To Multi-Year High Of S$10.9 Million; GP Margin Rises To 38.0% From 28.3%. Apr 02, 2024 Disclosure Of Interest/ Changes In Interest Of Substantial Shareholder (s)/ Unitholder (s) - Disclosure Of Interest/Changes In Interest Of Substantial Shareholder. Mar 07, 2024 1H FY2024 ...
GRAND BANKS YACHTS SDN BHD. GRAND BANKS YACHTS SDN. BHD. established in 1990, is a key player in the Manufacture And Sale Of Fibreglass Yachts sector in PASIR GUDANG, Malaysia. This LIMITED BY SHARES, PRIVATE LIMITED entity, with a detailed company profile available, features a robust structure with 4 directors and 1 shareholders.
Grand Banks Yachts Sdn. Bhd. is based in Malaysia. The head office is in Pasir Gudang. It operates in the Boat Building industry. It was established on December 31, 1990. It currently has a total number of 860 (2023) employees. In 2023, the company reported a net sales revenue increase of 44.56%. Over the same period, its total assets grew by ...
GRAND BANKS YACHTS SDN. BHD. was incorporated on 1990-12-31 in Malaysia with registration number of 0210310M / 199001018641. GRAND BANKS YACHTS SDN. BHD.'s business includes MANUFACTURE AND SALE OF FIBREGLASS YACHTS. Get an accurate picture of a customer's financial status with a credit report for a business. Our solutions help you minimise ...
Once construction of your yacht is underway, we'll invite you to come and spend some time with us at our factory in Johor, Malaysia. Fly into either Kuala Lumpur or Singapore and we'll collect you at the airport and bring you to the Renaissance hotel where you can relax and recover from your flight. Next day, we'll take you on the tour.