Minneapolis, MN (4/20/2011) - 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 $1.99 billion, Polaris
designs, engineers, manufactures and markets
off-road vehicles (ORVs), including all-terrain
vehicles (ATVs), the Polaris RANGER(r) Side
x Sides, 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 rapidly making impressive 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