New Zealand-based amphibious-boat builder Sealegs yesterday announced that it will move a portion of its manufacturing to Malaysia. The move comes after a comprehensive evaluation that revealed the need to address increased manufacturing costs in New Zealand.
“The rising cost of manufacturing in New Zealand post-COVID has presented challenges, resulting in increased prices for our valued customers worldwide,” CEO David McKee Wright said in a statement. “Our objective is to make the joy of amphibious boating more accessible to a wider audience by identifying ways to reduce manufacturing costs — a relocation of some of our manufacturing operations will help facilitate this.”
McKee Wright said in the statement that product development will continue in New Zealand, as will manufacturing for units destined for New Zealand and Australia markets.
A timeline for the move was not provided in the statement.
