Thor Announces Airstream InvestmentPosted: Updated:
Elkhart-based Thor Industries Inc. (NYSE: THO) is planning to pump millions of dollars into an Ohio subsidiary. The nearly $6 million project will expand its Airstream travel trailer plant and help increase production capacity by 50 percent. September 30, 2014
ELKHART, Ind. (September 29, 2014) - Thor Industries, Inc. (NYSE: THO) today announced a significant expansion of production and office capacity at the Company's Airstream subsidiary in Jackson Center, Ohio. The project will add approximately 94,000 square-feet to Airstream's existing 134,000 square-foot travel trailer plant.
"With the recent strong growth in our markets, momentum and optimism among our dealers and positive outlook for future growth, this expansion will help us achieve our long-term growth objectives," commented Bob Wheeler, Airstream President. "We are also pleased to make this $5.9 million investment in Jackson Center, where our manufacturing base has been located since 1952. Our commitment to the community matches our strong heritage here, as well as our vision of continued growth over the long term."
In fiscal 2014, Airstream reached capacity production levels at its main travel trailer plant, highlighting the need to increase capacity to meet the growing demands for the iconic Airstream trailers. Once completed in May 2015, the new addition to the production facilities will result in an increase in current production capacity of approximately 50 percent over current levels.
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.