“The new RMB 20 million investment provides a boost to increase both capacity and efficiency of our superyacht building activities,” said Itay Simhony, director of Pride Mega Yachts. “This gives our regular workforce a much better and fully climate-controlled environment to work in. It also helps us with the training of new staff. Most importantly the new state-of-the-art facility will make it possible for us to deliver great quality to our customers”
Pride Mega Yachts has slightly amended its brand name from Pryde Yachts, launched at
the Monaco Yacht Show 2013, in order to emphasizse their megayacht building capabilities. As well as completing Illusion, the yard says it is currently expanding its range working with leading designers and brokers on several new projects.
Pride Mega Yachts is the global brand name of CIMC Raffles Yacht, the dedicated superyacht division of CIMC Raffles based in Yantai, China. Raffles was started in 1982 by the Chang Brothers from Singapore and since then it has built a small number of very large and notable super yachts. In 2009, CIMC group acquired a major stake in the Raffles yard and in March 2013 it acquired full control of the Yantai shipyard including the yacht building division. See issue 145 of The Superyacht Report for a detailed interview with Itay Simhony of Pride Mega Yachts.