Genmar files Chapter 11

July 1, 2009

Genmar Holdings Inc., makers of Larson, Glastron, Four Winns, Carver, Ranger and other recreational boat brands, has filed for Chapter 11 bankruptcy protection. Irwin Jacobs, chairman and CEO of Genmar, says that he plans on successfully reorganizing and ultimately coming out of bankruptcy as a stronger and better company. Jacobs believes that Genmar’s future access …

Textile demand expected to increase

Analysts are expecting global textile demand to increase in the future. Textile production has shifted specifically to countries with a competitive advantage, like Asia, which has large availability of labor. Despite the economic recession, the global textile trade has a promising and lucrative future.

Dometic reorganizes

Dometic Group has reorganized toinclude Dometic Marine, allowing the division to focus more on global marine trading activities. The Dometic Marine division is looking forward to developing programs and activities to better support the company’s OEM and aftermarket businesses in all regions.

New boat sales down

The number of new boats sold from dealerships was down 47 percent in the first quarter, compared to 2008 numbers. Sales dropped from $1,083,738 to $574,357. Pre-owned boat sales were down 2.3 percent The average dealer reported a net loss of $127,013 for the first quarter of 2009.

Repreve selected to supply health care curtains

Repreve FR from Unifi has been selected by textile supplier Momentum Textiles for a line of health care privacy curtains. Repreve FR is the most recent product from Unifi made from recycled fibers, and it is the first recycled polyester fiber with inherent flame retardant properties. Unifi produces multi-filament polyester and nylon textured yarns.

New York Boat Show dates moved

The National Marine Manufacturers Association has moved the New York Boat Show out of its holiday dates and back into its traditional timeframe. The show will take place January 20–24, 2010, at the Jacob K. Javits Convention Center in New York City. The New York Boat Show is the world’s first and longest-running boat show.

Cancellation of NMMA boat shows

The National Marine Manufacturers Association (NMMA) has decided to discontinue three of its shows to strengthen the industry’s selling environment and create better opportunities within its stronger market shows. The San Diego Boat Show, the Schaumburg Boat & Sportshow and the Virginia In-Water Boat Expo & Sailfest will no longer take place. The NMMA’s strategic …

Marine dredging projects to increase

The American Recovery and Reinvestment Act is expected to stimulate the maritime and boating industries by including $440 million worth of dredging projects in the U.S. Army Corps of Engineers stimulus list. The Corps says that acquiring these new projects in addition to its normal workload and the Gulf Recovery efforts will be challenging but …

Glen Raven sponsors Coast Guard program

Glen Raven Custom Fabrics was named sponsor of the U.S. Coast Guard Auxiliary’s Recreational Boater Safety Visitation Program (RBSVP). The RBSVP provides support for outreach to marine retailers, dealers and boating organizations throughout the United States. Glen Raven will be donating 25,000 window decals to be displayed by supporters of the RBSVP. The decals will …

Textile recycling opportunities highlighted

Textiles Intelligence published an article by MarketResearch.com in February, 2009, describing forms of textile recycling and businesses making it work. “Recycling in the textile and clothing industry offers companies important benefits, particularly from an environmental viewpoint,” writes Gregg Kellett, online marketing manager for MarketResearch.com. To encourage recycling in Europe, for example, the EU passed new …