High dollar forces another surfboard manufacturer to close

A high Australian dollar is proving difficult even for Australian surfboard manufacturers; the latest casualty is Queensland-based D’Arcy Surfboards.

D’Arcy Surfboards owners Stuart D’Arcy and his partner Michelle Blauw will close the business’ Currumbin factory following a year of poor sales.

The business will be down-sized to a two-person operation. Seven workers will be left without a job.

Located on the Gold Coast, the Currumbin factory has been in operation for seven years.

The news follows reports that Gold Coast surfboard-manufacturer BASE will close leaving 30 people without jobs. The company was reported to be in debts of AS$3 million after a failed attempt to gather new investors and is said to owe almost AS$1 million in tax debt to the Australian government.

Image: Darcy surboard