By Dag Pike

Following the launch of the largest yacht in its range on Sunday, Monte Carlo Yachts (MCY) has announced that construction of an even larger motoryacht is well underway.

The MCY 105, launched in Venice on the weekend, takes the MCY range well above the 20m MCA category for the first time and now the yard is constructing a new yacht, the MCY 128, that will take this builder into the superyacht category.

Monte Carlo Yachts launched its first yacht, the MCY 76, just five years ago and has introduced a new yacht each year. The company was formed as an extension of the French Beneteau Group to exploit the luxury motoryacht sector.

Beneteau invested heavily in a new construction facility at Montefalcone for the construction of the MCY yachts and also for the larger Beneteau Prestige yachts. Three MCY 105s have been sold from the drawing board, all of them heading to the Far East.

Carla Demaria, head of MCY, comments: “We kept our promise and have grown from a turnover of €3m in our first year to €58m. We now employ 300 people where we started with a team of just 20.”

MCY managing director Fabrizio Larrera said at the launch: “We intend to keep on growing and look forward to the next five years with excitement. We’re considering the superyacht category next, which we feel would be the natural evolution of the design and product path we have taken.”

All of the MCY yachts were designed by the Italy’s Nuvolari & Lenard, which developed a distinctive style for the range.