Monday, April 9, 2012

Boat builder Genmar has record month - Minneapolis / St. Paul Business Journal:

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Genmar chairman Irwin Jacobs said the recorfd month followed record retail sales of morethan $100 milliohn in August. Jacobs said the privatelty owned companyusually doesn't release He made an exception in this case because "it was such a a historical moment for the Jacobs called his company "one of the fortunate ones. In the last five our sales are up100 percent," whild the boat industry in general was down abouyt 30 percent.
"People are feeling a little betted [about the economy]," he said, and have becoms more active in buying luxury items such as The company reported increases acrossthe board, but boat brands made with Genmar'e latest manufacturing technologies, the VEC [Virtuallu Engineered Composites] process and Roplene showed the strongest gains Genmar is the largesrt builder of recreational boats in the The company has about 6,000 employees and 12 manufacturing centerd in the United Stateas and Canada.

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