Cummins secures GE loan
November 27, 2007
NORWALK, Conn. – GE Commercial Finance Corporate Lending has provided a $400 million loan to Cummins Inc., GE said in a press release today. The financing will be used to fund working capital needs and the loan may be increased to $500 million subject to the satisfaction of certain terms and conditions.... Read more »
OSHA finalizes protective equipment decision
November 27, 2007
CHICAGO – On Nov. 14, the Occupational Safety and Health Administration established a new rule clarifying the employer/employee responsibilities for payment on personal protective equipment, the National Marine Manufacturers Association said in a statement today. The final rule requires employers to... Read more »
Canada Metal adds second Chinese operation
November 27, 2007
VANCOUVER, British Columbia – CMP Global Ltd, Martyr anode and autopilot drive manufacturer Canada Metal (Pacific) Ltd.’s trading arm, has established another new company in China, CMP said in a press release yesterday. The Ningbo Jiaxin Marine Equipment Company will support the company’s expanding... Read more »
Tres Martin school gains another boatbuilder partner
November 27, 2007
LAKE HAVASU CITY, Ariz. – Nordic Boats has partnered with Tres Martin Performance Boat School, the two companies said in a joint statement Wednesday. With the purchase of a new Nordic Boat, a certified course at the boating school is included. This is the third such partnership Tres Martin has forged.... Read more »
George Neill joins Brunswick
November 27, 2007
LAKE FOREST, Ill. – Brunswick Corporation has appointed George T. Neill to vice president and chief marketing officer, reporting to Dustan E. McCoy, Brunswick chairman and CEO, the company said in a press release yesterday. Neill most recently was corporate vice president of global marketing for Motorola,... Read more »
Correct Craft names quality manager
November 27, 2007
ORLANDO, Fla. – Correct Craft has added Matt McGinnis to its management team, the company said in a statement yesterday. McGinnis is the company’s new quality manager. McGinnis is a certified quality manager and has experience working as a quality engineer with General Motors. His responsibilities... Read more »
2008 Seattle Boat Show expands
November 20, 2007
SEATTLE – The Seattle Boat Show is expanding in 2008 to provide more room for boats, yachts, engines, electronics and other accessories, organizers said in a press release yesterday. The 2007 Seattle Boat Show encompassed more than 700,000 square feet of space on land at Qwest Field and on the water... Read more »
Lewmar sells Seco South
November 20, 2007
HAVANT, United Kingdom – Lewmar Marine plc has sold its yacht and architectural rigging subsidiary Seco South Inc. to the company’s management team, Lewmar said in a recent statement. Navtec, Lewmar’s rigging division, acquired Florida-based Seco South as part of a merger with Norsemann Gibb in... Read more »
Net sales up 9 percent for Johnson Outdoors
November 20, 2007
RACINE, Wis. – Net sales in the fourth quarter for Johnson Outdoors Inc., increased 9 percent to $87.7 million, compared to $80.3 million, for the prior year quarter, the company reported in a recent release. Johnson Outdoors also reported its full-year results and said it had record annual net sales... Read more »
CCP to raise gel coat, UPR resin price
November 20, 2007
KANSAS CITY, Mo. – Cook Composites and Polymers will increase its per pound price $.05 for its gel coat and unsaturated polyester resin products effective on all orders shipped on or after Dec. 17, 2007, the company said in a press release yesterday. CCP said three main factors contribute to the drastically... Read more »
