Grand Banks Yachts (SGX:G50) unveiled its dedicated composite manufacturing facility in Malaysia, according to a filing with the Singapore Exchange on Tuesday.
The facility increases the company's manufacturing yard by 25% to around 700,000 square feet. The yard is located at Pasir Gudang in the Johor-Singapore Special Economic Zone.
The luxury recreational motor yachts manufacturer said the new facility will offer the group a greater control over all stages of production.
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