Polaris Will Keep Its Engine Manufacturing Operations In Osceola, Wisconsin

Polaris Will Keep Its Engine Manufacturing Operations In Osceola, Wisconsin

© 2011, Roadracing World Publishing, Inc.

Categories:

The Company will preserve jobs at facility to meet demands of continued, strong growth MEDINA, Minn. “” Polaris Industries Inc. (NYSE: PII) today announced it will keep some of its engine manufacturing operations in Osceola, WI. This announcement comes in response to stronger than projected growth for Polaris in recent months. “Since we announced the strategic realignment last year, our volumes are up significantly in each of our businesses and our U.S. plants are full from a physical footprint standpoint,” said Scott Wine, CEO, Polaris Industries Inc. “While we have outperformed our original volume projections, the Osceola team has executed flawlessly and continues to produce world-class, quality products. In order to meet escalating demand while maintaining our focus on quality, keeping some engine capability and output in Osceola was an obvious choice.” Keeping these manufacturing operations in Osceola allows Polaris dual-plant production capability for Off-Road Vehicle engines and provides production continuity for motorcycle and snowmobile engines. The Company will utilize the capabilities and current infrastructure in Osceola to maintain continuity for the foreseeable future. Polaris worked closely with the state of Wisconsin and the Department of Commerce to keep some engine manufacturing in Osceola and preserve approximately 50 assembly jobs at the facility. Polaris’ current global employment base is approximately 3,300 people. About Polaris With annual 2010 sales of $1.991 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® Side X Side vehicles, snowmobiles and Victory motorcycles for recreational and utility use and has recently introduced a new on-road electric powered neighborhood vehicle. Polaris is a recognized leader in the snowmobile industry; and one of the largest manufacturers of ORVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are making in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships. Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P MidCap 400 stock price index. Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.

Latest Posts

Loudon Classic: Dunlop Signs As Title Sponsor

Dunlop will serve as the title sponsor for the...

For The First Time In 122 Years, Triumph Sold 100,000+ Motorcycles In 2024

TRIUMPH ACHIEVES RECORD GLOBAL SALES IN 2024 • Triumph’s global...

MotoGP: Martin Surgery Successful

Jorge Martín's surgery was successfully completed. The MotoGP World...

Max Van Joins Vision Wheel M4 ECSTAR Suzuki

MAX VAN JOINS VISION WHEEL M4 ECSTAR SUZUKI FOR...

KTM Restructuring Plan Approved, Production To Resume Mid-March

KTM AG's restructuring plan accepted by creditors! With a calculated...