GYG PLC New Spray Filler Application on New Build Project
15 Dezember 2020 - 8:00AM
RNS Non-Regulatory
TIDMGYG
GYG PLC
15 December 2020
15 December 2020
GYG plc
("GYG" or the "Group")
GYG to use AkzoNobel's Awlgrip Awlfair SF (spray filler) on
first Superyacht New Build project in Germany
GYG (AIM: GYG), the market leading superyacht painting, supply
and maintenance company, is pleased to announce that one of the
Group's New Build projects, M/Y Black Shark, which is being built
by the Nobiskrug shipyard, will be the first German based
Superyacht New Build project to utilise the new Awlgrip Awlfair SF
spray filler application.
AkzoNobel, the market leading yacht coatings specialist, has
been developing the Awlfair SF for 5 years and partnered with GYG
to trial the application on large superyachts. Following successful
trials in 2020, Black Shark marks the first GYG New Build project
to benefit from this technology from the outset of the application
stage. Awlfair SF is an advanced new superyacht fairing product
that is applied by pressurised airless spray rather than by hand,
which allows for wet-on-wet application and up to two coatings per
day without the need for sanding between coats. The spray
application also eliminates air pockets, resulting in reduced
reworking and improved aesthetics.
Remy Millott, CEO of GYG commented:
"In addition to our global reach and turnkey service offering,
the Group places a lot of emphasis on innovation. Consequently, we
are extremely excited by this new technology and to be using the
AkzoNobel Awlfair SF spray filler application on Nobiskrug's Black
Shark project in 2021. This is a significant development for paint
applicators; it will provide a step change to the quality of the
fairing and will maximise the speed and efficiency of the
application process, significantly cutting project lengths. We look
forward to working with AkzoNobel on this exciting project and to
continue partnering with them on other industry leading
propositions."
For further information:
GYG plc via FTI Consulting
Remy Millott, Chief Executive Tel: +44 (0) 20 3727 1000
Officer
Kevin McNair, Chief Financial
Officer
N+1 Singer Tel: +44 (0) 20 7496 3054
Tom Salvesen
Peter Steel, Sebastian Burke
FTI Consulting Tel: +44 (0) 20 3727 1000
Alex Beagley
Fiona Walker
Rafaella de Freitas
Notes to Editors:
GYG is the market leading superyacht painting, supply and
maintenance company, offering services globally through operations
in the Mediterranean, Northern Europe and the United States. The
Company's brands include Pinmar, Pinmar Yacht Supply, and
Technocraft. GYG's operations can be divided into three key sales
channels:
-- Refit: repainting and finishing of superyachts, normally as
part of a refit programme. Revenues also include scaffolding and
containment work;
-- New Build: fairing and painting of new vessels as part of the build process; and
-- Supply: selling and delivery of maintenance materials,
consumables, spare parts and equipment primarily to trade
customers.
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