The Norwegian companies are concerned in the sectors of boat-building, hydraulics, electronics and drive systems. Aluminium has a number of advantages over other boat-building materials such as steel. Boat hulls and components made of aluminium do not tarnish or rust. Aluminium weighs less than one-third as much as steel at equal volumes. It is of vital importance that there are no unsuitable metals in contact with the aluminium hull, especially below the waterline.
Some metals can cause the aluminium to wear away through electrochemical corrosion of the hull.
Acknowledged experts in aluminium boat building, they hold patents in the field. The Finns were able to provide their knowledge on boat design as well as supplying the furnishings and fittings. Together they will gain strength through numbers and improved both their efficiency and competitiveness. SMEs with small management teams normally do not have sufficient resources to explore wider market opportunities. NorFin Boats will be owned by the companies involved in the venture.