News | November 30, 2016

Keystone Breaks Ground On Two New Plants For Rapid Completion

Goshen, IN /PRNewswire/ - In response to strong demand for its products, Keystone RV Company, a subsidiary of Thor Industries, Inc. (NYSE: THO) announced that it has broken ground for the construction of two new manufacturing plants. The two plants, which will total 200,000 square feet, will be located on the south side of Keystone's Goshen campus. Working in conjunction with local contractors to enhance the speed of the construction process, Keystone expects the new facilities to be completed during the early first half of calendar 2017 – months ahead of the usual construction time. Once fully staffed, the new plants will employ 250-300 additional workers.

According to Keystone RV CEO Matt Zimmerman, the addition of these new manufacturing plants will help the Company stay ahead of growing demand for its products while maintaining rigorous quality standards. Says Zimmerman, "We have seen tremendous growth in demand for our travel trailers and fifth wheels over the past year, driven by our relentless pursuit of innovation in each of our product lines. Our dealers have been doing a tremendous job of attracting new buyers and generating repeat sales for Keystone. To meet emerging demand, we have decided to approach our capacity needs in a way that ensures we can produce the high volumes the market demands while maintaining the high level of quality that Keystone is known for. This sizeable investment in manufacturing capacity and in our people will help ensure that we are prepared to deliver the products our dealers need, when they need them, at the quality our customers expect."

With the addition of these two new plants, total Keystone RV Company Northern Indiana employment will be approximately 4,800, a record high for the company. Add to this approximately 700 employees at the Company's facilities in Pendleton, Oregon, and total Keystone RV Company employment is about 5,500. Keystone will now have 40 total production and support facilities with 32 of those facilities located in Indiana.

SOURCE: Keystone RV Company

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