Archive for » February 13th, 2018«

Yamaha Motor Marks Record Annual Profit in 2017

TOKYO–(BUSINESS WIRE)–Yamaha
Motor Co., Ltd.
(TOKYO:7272)(ISIN:JP3942800008) announced today that
net income soared nearly 61% to a company-record 101.6 billion yen in
fiscal 2017, which finished on December 31. The huge increase was driven
by sales of higher-end products and cost reductions achieved through
advanced processes for manufacturing and refined development methods for
platform- and global-model motorcycles. Net sales rose over 11% to 1.67
trillion yen on strong sales of motorcycles in the ASEAN region,
outboard motors in the US and surface mounters and industrial robots.
Ordinary income surged nearly 52% to 154.8 billion yen.

Motorcycle unit sales in the ASEAN region scored their highest YoY gain
since 2011. Net sales overall increased and operating income rose
substantially on increased sales of products in higher price ranges and
the effects of cost reductions in emerging markets such as Brazil and
the ASEAN region.

Marine-sector unit sales of outboard motors and water vehicles sales
rose and boat production was boosted by boat-builder acquisitions in
Europe and the US. Operating income increased on an improved model mix
due to increased sales of large outboard motors in North America and
Europe.

Yamaha Motor is forecasting stable income in fiscal 2018. Medium- to
long-term initiatives should see solid progress assuming that business
conditions continue to hold. Net sales are expected to rise 1.8% to
1,700 billion yen and net income should climb about 1.4 percent to 103
billion yen. Operating income and ordinary income are expected to be on
par with their fiscal 2017 levels.

For more on Yamaha Motor’s results, visit: https://global.yamaha-motor.com/ir/
For
documents photos: https://www.mynewsdesk.com/yamaha-motor/

About Yamaha Motor

Yamaha Motor (TOKYO:7272) is a world-leading producer of motorcycles,
marine products, power products and robotics. The company’s diverse
business and wide variety of products are built around its proprietary
technologies focused on powertrains, chassis hull and electronic
control. Yamaha Motor conducts global development, production and
marketing operations through 140 subsidiaries and equity-method
affiliates in 30 countries. About 90% of consolidated net sales are
generated in more than 200 countries outside of Japan. The company is
steadily restructuring its global engineering, manufacturing and
marketing capabilities for sustainable long-term growth. Please visit https://global.yamaha-motor.com/.


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Barletta Boats powers up pontoon production line

Barletta Boat Co., LLC President and Co-Owner Bill Fenech wants to use his 30-plus years of recreational vehicle experience give the pontoon segment of the boating industry a hard shake that quickly makes waves.

“The boating industry is way behind the RV industry,” Fenech said. “In the next 10 years, we are going to see a different way of doing business.”

Fenech’s most recent business venture was Grand Design RV Company (GDRV), a company he started with his brother, Ron, and good friend Don Clark. 

Barletta came to life in June 2017. The company’s 110,000 square-foot manufacturing facility is located on 37 acres a few miles northeast of Bristol, Ind.

The three business partners grew GDRV from a start-up to an established company with $500 million in wholesale sales in just four years. In 2016, GDRV was purchased by Winnebago, which opened the door for Fenech to focus on a new venture into the marine industry.

Barletta came to life in June 2017. The company’s 110,000 square-foot manufacturing facility is located on 37 acres a few miles northeast of Bristol, Ind. Starting with empty buildings, and room to expand, Fenech said the Barletta team is focused on building a world-class manufacturing facility utilizing the most technologically advanced fabrication equipment available to help insure quality, efficiency, and innovation.

“We were fortunate to get some of the best welders and fabricators in the industry,” Fenech said. “Many of them have set up other major manufacturers. We’ve invested in the best equipment out there,” he added, referring to 17 Dynasty 280 TIG welding machines that will help operators track and maintain high levels of quality and productivity.


Production of Barletta’s initial offerings – the company’s L-Class pontoon boats- began in December 2017 with a gradual production ramp-up throughout the winter and early spring. 

The first critical production and product delivery milestone on Barletta’s 2018 calendar was completing two boats for a Jan. 10 to Jan. 14 product launch at the Chicago Boat Show.

According to Jeff Roth, vice president of marketing, production ramp-up will be measured to insure the company can adequately supply its dealer network with boats needed to attack respective markets. 

“Dealer response to our products, and our approach, has been overwhelmingly positive,” Fenech said. “We are going to keep it simple. We are going to treat our dealers like true partners,” he said. “Right now, you just don’t feel that on the pontoon side of the business.” 

Production of Barletta’s initial offerings – the company’s L-Class pontoon boats – began in December 2017

Barletta’s certification process with the National Marine Manufacturers Association was scheduled for completion in early January. “We’re planning to have eight floorplans with our L-Class lineup ready for retail,” Fenech said.

Barletta plans to develop the most innovative pontoon helm in the industry, Fenech said, adding the company has special plans for cup holders and cooler space. 

“We’re going to integrate pull-out food and water pet bowls into the helm,” Fenech said. “Our cup holders will handle a 20-ounce or 30-ounce Yeti Tumbler. We’ll also have an easily accessible cooler in the back that will handle the Yeti Hopper Flip 18 soft-sided cooler.”

 

 



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