Riviera

Riviera’s global exports continue to defy industry trends

Gold Coast, Queensland, Australia:  Riviera continues to export defying industry trends with its latest shipment of 10 new boats with a retail value of USD$12.3 million, shrink wrapped in heavy duty plastic and ready for shipping next week to varying ports around the globe.

Riviera will export one 4400 Series II Sport Yacht, two 5000 Sport Yachts, two 38 Open Flybridges, two 43 Open Flybridges, one 51 Enclosed Flybridge, one 53 Enclosed Flybridge and one 61 Open Flbyridge to Riviera’s global dealers based in Miami, Puerto Rico, Panama, Sarasota on the west coast of Florida, Seattle and the Seychelles.  All boats are retail sold to owners.

This achievement is certainly no mean feat given the current economic climate, the strong Australian dollar, lack of government support for the wider manufacturing sector and fierce global competition.

Riviera’s brand and communications manager Stephen Milne said the new 53 Enclosed Flybridge was bound for Florida and the Fort Lauderdale International Boat Show in late October where it would be showcased for the first time in the United States.

Mr Milne said Riviera’s export sales had grown over the past two years with EU$6.3 million in exports to Spain and France and a further USD$4.1 million to Russia, USA and Turkey in the past six months.  This latest shipment of 10 boats leaving the Riviera factory next week bound for the Port of Brisbane and Port Botany in Sydney to be loaded onto ships as deck cargo and shipped to their final destinations.

Riviera’s chief financial officer Neal McCulloch said it had been a difficult time for Australian manufacturing and export over the past few years as a result of the economic landscape and more recently the high Australian dollar.

“At the height of our manufacturing success, prior to the global financial crisis, Riviera exported almost 50 per cent of production generating tens of millions of dollars in export revenue each year,” Neal said.

“Riviera for 25 of its 30 year history has been the largest exporter of luxury pleasure boats from Australia and currently with our limited resources we are doing all we can to continue to drive and grow our export sales, but it’s indeed disappointing that both the state and federal governments provide no assistance in helping us maintain our strong export base.

“The government needs to have a greater focus on how Australia adds value to its export industries so that we are not just an exporter of raw materials but an exporter of finished and sophisticated goods.”

 

 

 

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Click to enlarge image: Riviera's latest shipment of 10 new boats shrink wrapped in heavy duty plastic

Riviera's latest shipment of 10 new boats shrink wrapped in heavy duty plastic


Riviera's brand and communications manager Stephen Milne

Riviera's brand and communications manager Stephen Milne


Riviera's chief financial officer Neal McCulloch

Riviera's chief financial officer Neal McCulloch


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