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He made his fortune manufacturing construction products and was dragged into boating in 1998 when Mr. Julius bought Riva, an Italian boat maker that had once made the Riviera's signature craft but had fallen into decline.
Aside from tourism and oysters, the main employers are the struggling boat maker Couach and a paper mill.
Mr. Julius, with assistance from Mr. Heese, had previously resuscitated Riva, a premium Italian boat maker, in 1998.
Then, they had Bondway, a Hong Kong boat maker, start working on the fiberglass-hulled boat, which cost 3.8 million dollars $490,4000).
The domestic marine market is expected to be off about 15percentto20percentcent and the boat maker expects marine sales will be down 9percentto10percentcent for the year.
A few years ago, Genmar -- a private company that he acquired in the 1970's and transformed into the world's second-largest boat maker -- was on the verge of bankruptcy.
In some ways it's like being in a very posh caravan, but there's something satisfying about how everything is so perfectly designed – the tables that fold away, the numerous tiny cupboards, the crockery with the boat maker's logo.
Also owns a tour operator, yacht builder, luxury boat maker, hotel in Courchevel and stake in Carrefour.
With the help of Despujols, a boat maker, and the motor manufacturer Gregoire, Coandă supervised the building of a motor sled, powered by a 30 hp (22 kW) Gregoire engine driving the turbo-propulseur.
As with the original version of the U-1001, U-Boat will offer three dial variations.
