GOSHEN, Ind., Nov. 30, 2016 /PRNewswire/ -- In response to
strong demand for its products, Keystone RV Company, a subsidiary
of Thor Industries, Inc. (NYSE: THO) announced that it has broken
ground for the construction of two new manufacturing plants.
The two plants, which will total 200,000 square feet, will be
located on the south side of Keystone's Goshen campus. Working in conjunction
with local contractors to enhance the speed of the construction
process, Keystone expects the new
facilities to be completed during the early first half of calendar
2017 – months ahead of the usual construction time.
Once fully staffed, the new plants will employ 250-300 additional
workers.
According to Keystone RV CEO Matt
Zimmerman, the addition of these new manufacturing plants
will help the Company stay ahead of growing demand for its products
while maintaining rigorous quality standards. Says Zimmerman,
"We have seen tremendous growth in demand for our travel trailers
and fifth wheels over the past year, driven by our relentless
pursuit of innovation in each of our product lines. Our
dealers have been doing a tremendous job of attracting new buyers
and generating repeat sales for Keystone. To meet emerging
demand, we have decided to approach our capacity needs in a way
that ensures we can produce the high volumes the market demands
while maintaining the high level of quality that Keystone is known for. This sizeable
investment in manufacturing capacity and in our people will help
ensure that we are prepared to deliver the products our dealers
need, when they need them, at the quality our customers
expect."
With the addition of these two new plants, total Keystone RV
Company Northern Indiana employment will be approximately 4,800, a
record high for the company. Add to this approximately 700
employees at the Company's facilities in Pendleton, Oregon, and total Keystone RV
Company employment is about 5,500. Keystone will now have 40 total production and
support facilities with 32 of those facilities located in
Indiana.
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SOURCE Keystone RV Company