Palmer Johnson has announced that it will be taking over the Holland Jachtbouw facility in the Netherlands to continue the manufacture of both its carbon and aluminum series of Sportyachts. Holland Jachtbouw’s reputation built on excellence and open approach to innovation fits in seamlessly with the requirements Palmer Johnson was looking for in its European move.
A statement from the company reiterated that the reason for relocating to Europe is strictly commercial, and is in no way a reflection of its workforce in Sturgeon Bay who have for decades consistently produced the quality for which Palmer Johnson yachts are known.
Despite the U.S. being the most important market, there is a limited network of suppliers and subcontractors and no clusters of yacht manufacturers in the U.S., as exists in Europe. Palmer Johnson was procuring up to 90% of materials and subcontractor services from overseas in a strong dollar environment, which erodes its competitiveness against the European builders.
Timur Mohamed, the owner of Palmer Johnson, said that it was a really hard decision to move its manufacturing away from Sturgeon Bay, as the workforce there is among the most talented in the industry.
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