Owners’ problems help a reborn local company

DOWN THE HATCH: Shipwright Adam Burbank begins work on one of the yachts damaged in the storms that hit Callala Bay this month.TWO of the yachts damaged in storms that hit Callala Bay earlier this month are undergoing repairs at a shipwright in Nowra.Innovation Composites is a company that rose from the ashes when Azzura Marine went into liquidation about two years ago.The company is now handling repairs on two of the larger vessels damaged in the storms.Owner Mark Rowed said the repairs were right up their alley. Although he never wished damage on anyone’s boat, the timing was handy as global financial uncertainty had slowed the yacht industry.His team has already begun work on the yachts, but the company has branched out and is working with Ultimate Campers, as well as a structural art project and is hoping to be involved in major development project in Sydney.“That art project has been fantastic, it has kept four guys employed for the past six months. It’s under wraps for now but may be revealed soon.“Over the last two years we’ve gone from a staff of six up to 25, we’re now running at about 17.“It has been pretty hard going, constantly seeking more work and lots of networking but we’ve learned the importance of diversifying with the use of composites,” Mr Rowed said.This story Administrator ready to work first appeared on Nanjing Night Net.