Construction Starts on Goshen FactoryPosted: Updated:
Elkhart-based Thor Industries Inc. (NYSE: THO) has announced its Keystone subsidiary has started building a new travel trailer plant in northern Indiana. The $6 million facility is being constructed next to Keystone's Goshen campus. September 16, 2014
ELKHART, Ind. -- Thor Industries, Inc. (NYSE:THO) today announced that its Keystone subsidiary has begun construction on a new plant for travel trailer production adjacent to its existing complex in Goshen, Indiana.
"As a leader in the towable RV industry, we see continued growth opportunities in our core markets," commented Matt Zimmerman, Keystone President. "Our investment in this new plant will allow us to expand travel trailer production and better serve our dealer partners. Our dealers are committed to Keystone and optimistic regarding the future of our market, providing us with the confidence to make a sizable investment of nearly $6 million in the new plant and related equipment. This additional capacity presents us with an opportunity to expand our product breadth and better meet the needs of our dealers and consumers with the high quality features and value they have come to expect from Keystone."
Keystone's new 120,000 square-foot travel trailer plant is the latest addition to a sprawling Keystone campus in Goshen, Indiana. With this expansion program, Keystone expects to increase overall travel trailer production capacity, allowing the Company to better meet the continued growth in demand for towable RVs.
Zimmerman added, "Keystone is growing in a big way. It's imperative that we continue to invest in our infrastructure to support that growth. Supplying product in a timely manner is critical for our dealers. This new investment will enable us to continue to deliver in a big way."
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined, represent one of the world's largest manufacturers of recreational vehicles.
SOURCE Thor Industries Inc.