Tricon completes Chinese shipyard

The US-based Tricon Marine, a high-quality builder of FRP/Composite luxury yachts up to 55 metres long, has completed construction of China’s first and only North American-owned and operated shipyard. Yachts currently under construction have been moved to the new facility, including Tricon’s next launch, a 92-foot (28 metre) long-range offshore performance motor-yacht commissioned by an undisclosed Tricon client. The launch will be unveiled during the official shipyard opening ceremony in the spring of 2009.

Tricon is helping to lead the charge as China takes center stage in a new era in luxury yachting, one that focuses on excellent quality with superior value. The company’s facility in China caters to a discriminating clientele of OEM manufacturers and personal custom yacht clients who demand a world-class luxury yacht with superior investment value.

“With most segments in the shipbuilding industry contracting and consumers demanding greater value, our timing in offering a solution that addresses these needs and establishes a competitive offering couldn’t be better,” said Christos Livadas, Chairman and CEO, Tricon Marine. “We intend to put China on the map as a place for world-class yacht construction as never before. Tricon Marine is committed to strictly adhering to client specifications and contractual obligations while offering unmatched craftsmanship at a price that sets a new value standard in the industry.”

Dave Adams, Vice President of Tricon Marine, added, “Ironically, the birth of Tricon Marine comes at a time when it makes the most sense, especially in this worldwide economy. We are offering the industry a great solution to the pricing-versus-quality challenge that has often been talked about in the yachting business. Clients today want to know that they are getting the best value for their money inch by inch. Consumers are scrutinizing their lifestyle investments more than ever after some of the major financial mishaps of 2008. Tricon Marine is a feel-good experience.”

Located just outside the city of Zhuhai in China’s Guangdong province, Tricon’s 55,000 m2 state-of-the-art complex is designed to operate at the highest American and European standards of craftsmanship, cleanliness and security. In order to underscore its commitment to producing the finest boats at true value pricing, Tricon Marine will limit build-slots to a maximum of three yachts in simultaneous production for the next few years so that no detail is overlooked. At full capacity, the yard will be the largest for composite yacht construction in China with a production capability of 16 yachts indoors and in-water work on two additional yachts up to 55 meters in length at its pier. The company can complete up to $60 million in work per year depending on the size of the yachts under construction.