Polaris News
Polaris Industries Inc. (NYSE: PII) has reported it will keep some of its engine manufacturing operations in Osceola, Wis.
This announcement comes in response to stronger than projected growth in recent months for Polaris, which recently acquired the Indian Motorcycle brand.
Scott Wine (CEO, Polaris Industries Inc.) says: "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.
"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.
