As competitors depart our shores today for the longest leg of the Volvo Ocean Race, Auckland firm Southern Spars says they've reaped more than $6 million so far from this year's event.
Southern Spars, which manufacture carbon fibre masts, booms and rigging, has enjoyed a long history with the Volvo and its predecessor the Whitbread and has equipped seven of the nine winners since 1989.
The company, which employs more than 300 staff, was selected as a supplier in the last two "one-design" races, where all boats are identical.
So far, the work for this year's race has been worth more than $6m to the company, says co-founder and sales director Mark Hauser.
"We were picked as a mast supplier so from that point on we were heavily involved in the design of the boat and supplying the masts and rigging for all the boats, plus spares. And then we have a big invovlement in the servicing of the boats all the way around the world. Our guys are at each port," he said.