Grand year

Recently, Grand Banks revealed its yearly financial review, which also reported on the success of their five-year business plan.

A four-year investment in expansion of the main manufacturing facility in Malaysia was completed, now providing more than double the undercover manufacturing capacity from 270,000 to 550,000 square feet, and fully equipped with the latest technology. Robots help to accelerate the new product innovation. 150 new staff were recruited and extensively trained during 2019, ready to help deliver the company’s contracted order book and meet the additional demands for Grand Bank’s new models.

The acquisition of the Stuart facility in late 2018 FY has seen the facility expanded in 2019 to become the Grand Banks USA HQ, housing the global marketing and client support teams. Mr. Peter Truslow was brought on-board to head up the Grand Banks and Palm Beach brands’ North American sales and marketing operations.

“We are all very proud of what we have achieved this last year, and in previous years to get us where we are now. We have done all the hard work, and we will be seeing the results of all that during this coming year,” quoted CEO Mark Richards.