Taiwan Yachtmakers

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Sarah Mishkin, Taiwan Yachtmakers Face Struggle to Stay Afloat. Financial Times, July 27, 2013 (available now).
http://www.ft.com/cms/s/0/5d7aaf ... e-00144feabdc0.html

Quote:

"Taiwan recently overtook Germany to become the world’s sixth-largest yachtmaker, with 43 boats under construction. Yet despite this, sales are much lower than before the 2008 financial crisis. Production at yards across the country hit $148m last year, down from $357m in 2008.

"Only a few industries [in Taiwan] have graduated to the more profitable business model of selling high-value goods directly to consumers. The yachting industry has made that jump alongside the nation’s bicycle industry, led by Giant – the world’s largest bicycle maker – and a few tech companies, such as phonemaker HTC. Jack Chen, Bluewater’s general manager, said Taiwanese shipyards started out making small boats for others.

Note:
(a) Bluewater Yacht Builder Ltd  南海遊艇製造股份有限公司
(b) Horizon Yachts  嘉鴻集團