During the later part of 2009 the yard invested in the extension of their dry dock facility and additional covered space.
This investment decision was made in order to accommodate a large new build project for a catamaran that would be lost if the owner could not be guaranteed that the project would be possible in covered dry dock facilities. The extension to the facilities was completed and the project, Hemisphere, is now being built.
The extension of the facilities at Pendennis has created an opportunity for further growth and the Company would like to employ an additional 35 staff in order to confidently market this additional capacity. Additionally a number of these jobs are engaged in roles such as estimating, project management and logistics which aim to reduce some of the risks indentified in the business.
The project is therefore concerned with the direct support of the salary costs of 35 new jobs over their first 2 years of employment.