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Luxury yacht maker plans to open a plant in China to make customised yachts for the HNW population

Italian luxury super-yacht manufacturer, Ferretti, which was acquired by a Chinese manufacturing conmpany, Weichai Group, intends to open an assembly plant in China, to drive up sales to the growing high net worth population in the region. Ferretti yachts cost more than US$100 million each. The company plans to set up the plant in Qingdao, Shandong province and make vessels…

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