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GRAND BANKS YACHTS
As innovators in yacht design and construction, Grand Banks is constantly moving forward with new ideas and techniques to drive the industry with our products.
Our focus in recent years has seen us move to the forefront of speed and efficiency, while perfecting our construction techniques to deliver better yachts, that are durable against the elements, and can take on nature like never before.
Our goal is to deliver the best ride of any yacht, of any size, while also bringing all the trademark comfort and style that we’ve always been loved for.
GRAND BANKS MODELS
The original downeast cruiser, the Eastbay 44 is stylish, spacious and comfortable, with completely modernized performance.
GRAND BANKS 54
The 54’s versatile design is a culmination of everything we learned from designing and building the Grand Banks 60.
GRAND BANKS 60
Our game-changing and beautifully designed Grand Banks 60 offers a ride that surpasses any yacht of its size.
GRAND BANKS 60 SL
The Grand Banks 60 Skylounge delivers epic performance and a temperature-controlled upper helm station.
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Grand Banks Yachts Sdn. Bhd. (Malaysia)
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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KUALA LUMPUR (Oct 27): 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 high of S$191.8 million (about RM641.7 million) at the company’s first quarter ending Sept 30, 2022 (1QFY23).
Grand Bank Yachts had accomplished a net order book value of S$182.9 million for its financial year ending June 30, 2022 (FY22) compared with S$116.9 million a year earlier (FY21) and S$48.9 million in FY20.
"Barring unforeseen circumstances, business momentum is expected to accelerate, as the group plans to increase its headcount to accelerate the production schedule," the group said in its latest corporate presentation, which was filed with the Singapore Exchange on Thursday, in conjunction with the company's annual general meeting.
Based on its financial review, the group said there were 31 new boat orders recorded in FY22 and seven new boat orders recorded in 1QFY23.
The company added in its outlook that demand for luxury yachts will remain strong as the pandemic has raised the appeal of sailing.
“The group will continue to develop bigger, sleeker yachts with greater fuel efficiency,” it said.
Notably, Grand Banks Yachts debuted the Grand Banks 85 model in March 2022, its largest yacht to date.
Nonetheless, the group warned of possible higher operating costs in the near term amid increased costs of energy and raw materials as well as rising labour costs. It is also monitoring the impact of rising interest rates on customer sentiment.
According to Grand Banks Yachts’s 2022 annual report, Lim is the largest shareholder with 52,609,994 shares as on Sept 16, 2022. The second largest shareholder is Citibank Nominees Singapore Pte Ltd, which has a 21.56% stake in the group.
The company returned to the black in 1QFY23 with a net profit of S$1.1 million, from a net loss of S$4.2 million a year ago (1QFY22). The financial turnaround was supported by higher revenue of S$22.4 million in 1QFY23, which nearly doubled from the S$11.5 million in 1QFY22.
Grand Banks Yachts had struggled with lower revenue in FY22, amounting to S$75.2 million compared with S$96.1 million in FY21, as the group only had less than 10 months of production due to the movement control orders imposed by the Malaysian government to contain the spread of Covid-19.
Thankfully, the absence of lower-margin trade-in boat orders lifted the group’s gross profit margin to 26.6% in FY2022 from 21.5% a year ago, it said. Grand Banks Yachts recorded a net profit of S$4 million in FY22 compared with S$4.2 million in FY21.
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GRAND BANKS YACHTS SDN BHD
Marine/Aquaculture
Company Profile
A PROUD HERITAGESince 1956, Grand Banks Yachts has built stunning yachts with classic designs, supreme comfort and precise detailing. These yachts and the character they represent appeal to our discerning customers and testify to our passion for the water. Over... Read More
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Company Info
Reg. # 210310-M
501 - 1000 Employees
Dress Code: Casual (e.g. T-shirts)
Benefits: Dental, Medical, Parking, 5 Days working week
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GRAND BANKS YACHTS SDN BHD
Luxury Yacht
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Working with our team and scouring our brochures and website, decide which model will best suit your boating lifestyle. There’s a lot to consider, not least of which is the budget. We can help you make the right decision.
Bring yourself and family for a sea trial. One of our skippers will demonstrate the speed, stability and ’soft ride’ of our unique hull design while you explore all the features and amenities of the model you are considering.
Once back on dry land, you can then review the contract and, satisfied that every detail is correct, agree to a delivery date. After that, all we need is your signature!
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Grand banks yachts sdn. bhd. (malaysia).
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COMPANY DESCRIPTION
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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The trip had taken all of 12 days thanks to an aggressive timetable and an average cruising speed of 22 knots. At that speed, with a three-quarter load, the 54 burns about 44 gallons per hour—which, thanks to a 900-. gallon fuel tank, provides a range of about 450 miles, or 20 hours of continuous running.
4 Grand Banks Yachts reviews. A free inside look at company reviews and salaries posted anonymously by employees.
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.
Reviews from Grand Banks Yachts Sdn Bhd employees about Grand Banks Yachts Sdn Bhd culture, salaries, benefits, work-life balance, management, job security, and more.
Indeed, the Eastbay 60's deep-V planing hull is identical to that employed on the sporty Palm Beach 65 and the formidable Grand Banks 60. The latter is an extremely updated version of the old tried-and-true concept (though the molded lapstrake topsides remain) that will sip fuel and coast all day at 10 knots, but is also capable of a "high ...
DBS Vickers Securities in an April 21 research report says: "Demand for luxury boats continued to stay very weak as the Group decided to wind down operations at its Singapore plant and transfer all operations to the cheaper Malaysian outfit. We expect the Group to report very weak sales in the first six months of 2009, and earnings will be further affected by restructuring costs.
Show all locations. Find out what works well at Grand Banks Yachts Sdn Bhd from the people who know best. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Compare pay for popular roles and read about the team's work-life balance. Uncover why Grand Banks Yachts Sdn Bhd is the best company for you.
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.
Reviews from Grand Banks Yachts Sdn Bhd employees about Grand Banks Yachts Sdn Bhd culture, salaries, benefits, work-life balance, management, job security, and more.
GRAND BANKS YACHTS SDN. BHD. | 97 followers on LinkedIn. ... Pengerang Terminals (Two) Sdn Bhd Transportation, Logistics, Supply Chain and Storage
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.
As innovators in yacht design and construction, Grand Banks is constantly moving forward with new ideas and techniques to drive the industry with our products. Our focus in recent years has seen us move to the forefront of speed and efficiency, while perfecting our construction techniques to deliver better yachts, that are durable against the ...
Grand Banks Yachts Sdn. Bhd. (Malaysia) 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%.
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 ...
Grand Banks Yachts | 1,699 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 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 ...
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.
Find 9 questions and answers about working at Grand Banks Yachts Sdn Bhd. Learn about the interview process, employee benefits, company culture and more on Indeed.
A PROUD HERITAGESince 1956, Grand Banks Yachts has built stunning yachts with classic designs, supreme comfort and precise detailing. These yachts and the character they represent appeal to our discerning customers and testify to our passion for the water.
GRAND BANKS YACHTS SDN BHD. Luxury Yacht. Pasir Gudang, Johor, Malaysia (07) 251 7488 (07) 251 7488 (07) 251 7388. [email protected]. Member ID. GBY/560. Address 1. PLO 488, Jalan Suasa. Address 2. Pasir Gudang Industrial Area. Postcode. 81700. City. Pasir Gudang. State. Johor Darul Takzim. Contact Person. En Zulkiflee Abdul Jalil ...
Once you've made the decision that you just have to be the proud owner of a Grand Banks yacht, the process of acquiring one is an exciting, easily navigated journey. ... Once back on dry land, you can then review the contract and, satisfied that every detail is correct, agree to a delivery date. After that, all we need is your signature! GB54 ...
How much does Grand Banks Yachts Sdn Bhd in Pasir Gudang, M01 pay? The average Grand Banks Yachts Sdn Bhd monthly salary ranges from approximately RM1,341 per month for Carpenter to RM4,472 per month for Coordinator. Please note that all salary figures are approximations based upon third party submissions to Indeed.
COMPANY DESCRIPTION. 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.