Medina International and Subsidiaries Move

Tuesday, February 16, 2010

Management of Medina International Holdings, Inc. (Pink Sheets: MIHI) signed a lease to rent a manufacturing facility in the city of Corona, California.

"This new larger facility will enable us to consolidate production process in one location with substantial reduction in rent compared to the Costa Mesa Facility," said Daniel Medina, President of Medina International Holdings, Inc. Medina also stated that, "The Corona manufacturing facility is close to the lakes and the ocean, in addition to many watercraft related vendors."

"The Corona facility was previously leased by a boat manufacturer, providing us with the necessity of minimal modifications of building to manufacture our watercrafts," said Madhava Rao Mankal, Chief Financial Officer of Medina International Holdings, Inc. "The new facility will enable us to increase our manufacturing capacity."

(www.medinamarine.com)

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0803 sec (12 req/sec)