Most people in the superyacht industry are aware of our Technocraft scaffold and containment business. When you walk in to a shipyard and the first thing you see is a line of 70+m yachts cocooned in 140 tons of scaffold and shrink-wrapped plastic, it’s hard to miss. People are less familiar however with Technocraft’s Yacht Hardware Solutions division, which handles the inventory, removal, repair and re-installation of all yacht fittings, an essential part of a major re-paint.
When first contemplating a re-paint, it is easy to underestimate the sheer extent of what is involved with the removal of the fittings. To the untrained eye it may appear to be just a few lockers, light fittings and hand rails but in reality, even on a 40m boat, the job is far more complex. When a project is scaled up to a 90+m superyacht, the process may involve around 2-2,500 individual pieces of highly valuable and complex fixtures that all need to be inventoried, mapped, tagged, removed, shipped, dismantled, inspected, repaired or replaced, cleaned and/or painted, stored, re-shipped, re-fitted, tested and signed off. This is no mean feat. Such a process requires thousands of man-hours from a team of highly experienced and qualified technicians all of whom must coordinate their activities with those of the other refit teams.
GYG plc (LON:GYG) was formed from the joint venture of two global superyacht painting, service and supply companies, Pinmar and Rolling Stock. GYG operates six market leading brands; Pinmar, Pinmar USA, Pinmar Supply, Rolling Stock, ACA Marine and Techno Craft.