Brunswick Company expands boat generation capacity to meet up with unprecedented worldwide need
METTAWA, Ill., Jan. 25, 2021 (Globe NEWSWIRE) — Brunswick Corporation (NYSE: BC) currently announced that it is escalating manufacturing ability at 3 of its international boat production amenities to satisfy unprecedented shopper demand and aid in replenishing traditionally small discipline stock concentrations.
Brunswick will reopen its 225,000 sq.-foot Palm Coastline, Florida boat manufacturing facility to broaden devoted manufacturing functionality for Boston Whaler solutions by an additional 40 %. The Palm Coast facility, which has been inactive given that 2018, was designed for the manufacture of big boats.
Due to the fact 2014, Boston Whaler has invested additional than $60M production a whole line of award-profitable new products and solutions in addition to increasing production ability by 75 per cent through that time at its present-day 550,000 square-foot worldwide headquarters and production heart in Edgewater, Florida. In 2019 Brunswick also opened the 45,000 sq. foot fiberglass boat know-how middle in Edgewater, house to the industry’s premier boat product improvement, engineering and design and style groups.
In addition, Brunswick is growing boat manufacturing capacity at both equally its Reynosa, Mexico and Vila Nova Cerveira, Portugal amenities. The Reynosa facility, which manufactures Bayliner, Heyday, Sea Ray and Lund fiberglass boats, will boost ability by 58 percent over the up coming 18 months, functioning 7 times a week and incorporating an added 260 personnel. The Vila Nova growth prepare is effectively underway and, over the next three decades, will more than double production capacity at the facility, which manufactures Bayliner, Uttern and Quicksilver items for the European marketplace.
“We are fully commited to assembly the developing desire of our world buyers and have an immediate need to have to extend ability in the facial area of unparalleled retail demand and really very low pipelines across all solution lines, specifically for our fiberglass items,” explained Dave Foulkes, Brunswick Corporation CEO. “Investing more capacity in Florida, Mexico and Portugal allows us to speedily increase output and undertake additional vertical integration as we keep on to increase marketplace share and engage with new boaters.”
“We seemed at several options to noticeably expand producing ability swiftly and with effective financial commitment levels”, reported Aine Denari, President, Brunswick Boat Group. “Expanding Boston Whaler production by reopening the Palm Coast facility provides immediate accessibility to new capacity for a portion of the price of building a manufacturer-new facility.”
Boston Whaler currently employs much more than 1,200 workers in Edgewater and will increase an extra 300-400 careers about the up coming 18-24 months at Palm Coast a shorter length from the Edgewater web page. The first boats will arrive off the production line at the Palm Coast facility in the 2nd fifty percent of 2021.
About Brunswick:
Headquartered in Mettawa, Unwell., Brunswick Corporation’s top client makes involve Mercury Marine outboard engines Mercury MerCruiser sterndrive and inboard packages Mercury world wide areas and extras which include propellers and SmartCraft electronics Electrical power Items Built-in Methods MotorGuide trolling motors Attwood, Garelick, and Whale maritime parts Land ’N’ Sea, BLA, Payne’s Maritime, Kellogg Marine, and Lankhorst Taselaar maritime pieces distribution Mercury and Quicksilver pieces and oils Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats Boating Products and services Community, Freedom Boat Club, NAUTIC-ON, OnBoard Boating Club and Rentals. For more information and facts, stop by https://www.brunswick.com.
Ahead-Hunting Statements
Specified statements in this news launch are ahead-wanting statements as outlined in the Non-public Securities Litigation Reform Act of 1995. Forward-seeking statements are dependent on current anticipations, estimates, and projections about Brunswick’s business and by their character tackle matters that are, to diverse levels, uncertain. Text such as “may,” “could,” “should,” “expect,” “anticipate,” “project,” “position,” “intend,” “target,” “plan,” “seek,” “estimate,” “believe,” “predict,” “outlook,” and related expressions are intended to establish forward-searching statements. Forward-looking statements are not ensures of foreseeable future functionality and contain selected threats and uncertainties that may possibly induce precise effects to differ materially from anticipations as of the date of this information launch. These risks contain, but are not constrained to: the influence of adverse standard economic ailments, which includes the volume of disposable money shoppers have obtainable for discretionary paying out changes in forex exchange costs fiscal coverage considerations adverse economic, credit rating, and funds sector situations greater strength and gas costs competitive pricing pressures the coronavirus (COVID-19) pandemic, which include, with no limitation, the effect on world financial conditions and on funds and economical markets, modifications in customer habits and demand from customers, the prospective unavailability of staff or crucial amenities, modifications to our operations, and the potential implementation of regulatory actions handling our production footprint climate and catastrophic function dangers international business enterprise risks our means to develop new and innovative items and providers at a aggressive cost our means to satisfy demand from customers in a promptly switching surroundings reduction of critical clients real or anticipated raises in fees, disruptions of offer, or defects in uncooked supplies, elements, or parts we obtain from 3rd functions, such as as a outcome of pressures thanks to the pandemic provider producing constraints, amplified demand for shipping and delivery carriers, and transportation disruptions absorbing fixed prices in manufacturing joint ventures that do not function solely for our profit our capability to productively carry out our strategic prepare and progress initiatives attracting and retaining qualified labor, implementing succession strategies for critical management, and executing organizational and management variations our means to determine, comprehensive, and combine targeted acquisitions the possibility that strategic divestitures will not give business positive aspects maintaining productive distribution enough financing accessibility for sellers and prospects requirements for us to repurchase stock stock reductions by dealers, stores, or independent boat builders hazards connected to the Independence Boat Club franchise company product our means to protect our models and mental assets outages, breaches, or other cybersecurity activities with regards to our technologies methods, which could influence manufacturing and organization operations and could result in missing or stolen info and affiliated remediation fees handling our share repurchases specified divisive shareholder activist steps improvements to U.S. trade policy and tariffs obtaining to file an impairment to the worth of goodwill and other property item legal responsibility, guarantee, and other promises hazards legal and regulatory compliance, which includes greater expe
nses, fines, and reputational hazards and alterations in cash flow tax laws or enforcement.
Lee Gordon Vice President – Brunswick International Communications & General public Relations Brunswick Business office: 847-735-4003 Mercury Workplace: 920-924-1808 Mobile: 904-860-8848 [email protected]
