GYG plc (LON:GYG), the market leading superyacht painting, supply and maintenance company, has announced the signing of a Letter of Intent for a 100+ metre New Build yacht in Europe, scheduled to start in Q2 2021. This major project further develops the Group’s strategic focus on building relationships directly with the leading New Build yards. This strategy has delivered continued success and GYG will be working on a record number of New Build contracts in 2021.
Remy Millott, CEO of GYG commented:
“I am pleased to have signed this Letter of Intent and this project provides additional forward visibility on the Order Book and adds to the record number of New Build projects that GYG will be working on in 2021, further increasing market share in this important sector.”