Netherlands-based Mulder Shipyard is building a second yard near its current facility, the company announced.
This second yard will focus on the maintenance, refit and new build of yachts up to 130 feet. Operations are expected to begin in 2012, with the first new yacht launching in 2013.
The existing facilities will remain open and be dedicated to smaller yachts.
"One of the reasons for this major expansion is the difficulties experienced at the current yard with moving and launching large yachts, which are increasingly in demand from Mulder Shipyard," the company said. "There is also a shortage of storage space. The construction of a new yard will considerably increase Mulder's flexibility and product efficiency to accommodate the very healthy order portfolio."