KAWASAKI TO INCREASE PRODUCTION CAPACITY TO MEET GROWING DEMAND
STRENGTHENING OFF-ROAD BUSINESS FOR NORTH AMERICA

Kawasaki Heavy Industries, Ltd. announced today that construction will begin on new production facilities at its Mexican subsidiary Kawasaki Motores de México S.A. de C.V. (KMX). These new production facilities will be added to the current Kawasaki Motors Manufacturing Corp. (KMM) facilities which will also build new, enhanced production capabilities in Lincoln, Nebraska.

In North America, the side x side market for off-road four-wheeled vehicles continues to expand in all categories from utility to sport recreation. In order to meet the increasing demand, Kawasaki will invest a total of approximately $265 Million for production facilities at KMX and KMM. KMX will expand Kawasaki’s production capacity and start producing off-road vehicles in fiscal 2023. In addition, KMM also plans to increase its production capacity for new models by March of 2023.

In addition to off-road vehicles, KMM’s production for consumer products such as personal watercraft (Jet Ski®) and general-purpose gasoline engines includes Lincoln, NE, Maryville, MO as well as the Boonville, MO plant scheduled to start operation and production of general-purpose gasoline engines in 2022. The new KMX plant will bring the number of Kawasaki production facilities in North America to a total of four.

By strengthening its business foundation in the North American market and by organically utilizing the four production facilities, Kawasaki will further enhance the Kawasaki brand, customer satisfaction, and aggressively expand its business.

ABOUT KAWASAKI

Kawasaki Heavy Industries, Ltd. (KHI) started full-scale production of motorcycles over a half century ago. The first Kawasaki motorcycle engine was designed based on technical know-how garnered from the development and production of aircraft engines, and Kawasaki’s entry into the motorcycle industry was driven by the company’s constant effort to develop new technologies. Numerous new Kawasaki models introduced over the years have helped shape the market, and in the process have created enduring legends based on their unique engineering, power, design and riding pleasure. In the future, Kawasaki’s commitment to maintaining and furthering these strengths will surely give birth to new legends.

Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and JET SKI® watercraft through a network of approximately 1,100 independent retailers, with close to an additional 7,700 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 260 of them located at KMC’s Foothill Ranch, California headquarters.

Kawasaki’s tagline, “Let the good times roll.®”, is recognized worldwide. The Kawasaki brand is synonymous with powerful, stylish and category-leading vehicles. Information about Kawasaki’s complete line of powersports products and Kawasaki affiliates can be found on the Internet at www.kawasaki.com.