Thor Industries buys new plant in Northeast Indiana

Thor Industries buys new plant in Northeast Indiana

Elkhart plant to boost capacity for motorhomes as demand surges.

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February 21, 2014

Elkhart, Ind. -- Thor Industries plans to expand production capacity for its motorhomes through an agreement to purchase a 220,000-square-foot facility located in Elkhart, Indiana which was formerly used to produce Monaco towable recreational vehicles (RVs).

The additional production capacity will be used to meet continued strong demand for Thor Motor Coach products.

Earlier this month, Thor announced that the company's sales of motorized RVs increased by 43.8% to $339.3 million for the six months ended January 31, 2014. Thor plans to begin production in the new facility during the second half of the company's fiscal year.

"We are pleased to once again have the opportunity to expand our motorized operations in Elkhart County," says Bob Martin, Thor president and CEO. "With the recovery of the motorized RV market gaining strength over the past year, we have pursued opportunistic expansion of our motorized production capacity, first with the acquisition of the Wakarusa complex and now with this plant on the south side of Elkhart. We view this expansion as an important step to meet both our immediate production needs and long-term strategic goals for our motorized business," he added.

Jeff Kime, president of Thor Motor Coach comments, "This facility presents us with the ability to expand our capacity while maintaining the flexibility to meet emerging demands for our products in the market. In addition, the increased capacity will allow us to reduce overtime and the current stress on our existing plants and better align our production volumes with higher demand for our products.”

He adds that the two production lines added at Wakarusa last year weren’t sufficient to meet the growth in demand.

“When the opportunity to set up operations in this facility presented itself, we jumped at the chance to expand production for what is shaping up to be another strong year of growth," Kime says.

Source: Thor Industries