Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD

Click for more information

0.00%

0.6¢ buddy technologies ltd

What have the Romans ever done for us?

First 793 Last

Share
Profile

Follow
Coit

2,528 Posts.

508

21/02/19

17:31

Post #: 37520527
Share

Originally posted by Teamtall: ↑

@techfacts you may like this one as well..

Check out the section I underlined.. Now isnt that interesting..

https://www.businesswire.com/news/home/20180226006080/en/Airstream-Announces-Major-Expansion

Airstream Announces Major Expansion

$40 million investment by Thor Industries to continue handcrafting iconic travel trailers in Ohio; create travel destination for Airstream enthusiasts

February 26, 2018 11:25 AM Eastern Standard Time
JACKSON CENTER, Ohio--(BUSINESS WIRE)--Airstream, Inc., manufacturer of the iconic "silver bullet" travel trailer and subsidiary of Thor Industries (NYSE: THO), is poised to break ground on the most significant plant expansion in company history. The enhanced Jackson Center facility will support improved product quality, create jobs, enable increased production, and improve experiences for Airstream associates, customers and visitors.
The $40 million project to create a new 750,000 square-foot facility, which will also be completely powered by renewable energy credits, is set to break ground in late spring 2018 with completion expected in 2019. This expansion is the latest example of Airstream’s long-standing commitment to continuous innovation, quality control, and its Made in America philosophy. As a result of this investment, the craftspeople at the heart of Airstream’s assembly process will have more production space to make the world’s most iconic recreational vehicle.
“We embrace our rich history even as we move into the future,” said Airstream President & CEO Bob Wheeler. “This new facility will give us the room to build and innovate quality products, all while maintaining the hand-made craftsmanship that makes Airstream an American icon.”
The plant expansion will consolidate multiple production spaces into one facility, bringing the assembly of the company’s travel trailers under one roof. The current 255,000 square-foot travel trailer plant will be converted for use building Airstream’s motorized touring coaches, freeing up production space to support a growing line of products that appeal to a broad spectrum of RV enthusiasts.
“The RV industry is enjoying a golden age as a new generation of Americans discover the joys of outdoor adventure with all the comforts of home,” said Bob Martin, President and CEO of Airstream parent company Thor Industries. “The expanded Airstream facility will provide top quality products to these new devotees for years to come.”
As a result of the expanded capacity, Airstream expects to hire additional associates, bringing total employment in Jackson Center to around 1,200 people. A state-of-the-art training center in the new factory will provide Airstream and dealer associates with a hands-on shop floor environment for earning certifications, learning new skills, and mastering new production and maintenance techniques. All of this is designed to improve the experience of Airstream customers.
“The workforce here in Shelby County is second to none,” said Wheeler. “We couldn’t be happier reaffirming our 65-plus year commitment to Jackson Center. In addition, the State of Ohio is a great place to do business and their continued commitment to Airstream made this an easy decision.”
Airstream’s expansion will provide another boost to the Dayton economy, which saw approximately $1 billion in capital investment last year. Local employers like Airstream are responsible for some 80 percent of the region’s recent economic growth, and they’ve helped raise the median wage in Shelby County to above $54,000 a year.
“This expansion by Airstream's parent company, Thor Industries, will bring 280 new jobs to the Jackson Center campus, where Airstream will continue to produce recreational vehicles that loyal customers have enjoyed for nearly a century,” said JobsOhio Senior Managing Director for Automotive Kristi Tanner. “Along with the Dayton Development Coalition and our local partners, we are excited that Ohio will continue to play an essential role in Airstream’s growth worldwide.”
“This announcement by Airstream is still more proof that Shelby County is a manufacturing stronghold in Ohio,” said Mike Dodds, Executive Director of the Sidney-Shelby Economic Partnership. “Growth-oriented companies like Airstream are one reason we have the highest percentage of manufacturing jobs per capita in the state.”
Jeff Raible of the Sidney-Shelby Chamber of Commerce said the announced expansion “combines the excitement of a new opportunity with the proud heritage of a longtime member of our business community.”
“In every way possible, the resources of the Sidney-Shelby County Chamber are committed to helping Airstream continue its growth and prosperity,” Raible said.
“The entire Village Council, the Village Administrator, and I are proud of the work Jackson Center did to create the best possible conditions for this expansion,” said Jackson Center, Ohio Mayor Scott Klopfenstein. “As a former Airstream associate myself, I’m particularly pleased to know they’ll be here creating jobs for years to come.”
Airstream’s current Jackson Center facility has long been a popular destination for Airstream owners and other tourists seeking a glimpse inside the company’s hand-made manufacturing process. A new Heritage Center will enhance those visits with exhibits illustrating the company’s 87-years of inspiring adventure and help drive regional tourism in nearby communities. Plans call for the display of numerous classic and historic Airstream products, including artifacts from the relationship between Airstream and NASA’s space program.
Airstream began operating in Jackson Center, Ohio in 1952. The current plant was built in 1971. The Jackson Center campus has been Airstream’s sole manufacturing location since 1979.
IMO DYOR etc etc

Cheers TT

Expand

What have the Romans ever done for us?

BUD Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Emerald & Azure score Digger & Dealer awards

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

There are more pages in this discussion • 871 more messages in this thread...

First 793 Last

Add BUD (ASX) to my watchlist