Polaris Industries Inc. (NYSE: PII) announced that the one millionth product, an orange Polaris RANGER 800 Midsize side-by-side vehicle, rolled off its Spirit Lake, Iowa assembly line yesterday.
“One million units built marks an extraordinary milestone for our Spirit Lake operation,” said Bennett Morgan, Polaris President and COO. “For nearly two decades Spirit Lake has been a manufacturing center of excellence and a vital contributor to our success. Thanks to the adaptability of both our outstanding people and the facility itself, Spirit Lake has, in its 18 year history, produced each of our product lines (Snowmobiles, ATVs, Side-by-Sides and Motorcycles).”
The Spirit Lake facility was established in 1994, and has increased employment from 477 in 2009 and currently employs 750 people while operating three production lines building Polaris RANGERs and Victory motorcycles. A second facility adjacent to the main Spirit Lake plant manufactures the Indian Motorcycle, and a third facility in Milford, Iowa manufactures GEM (Global Electric Motorcar).
Polaris is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris 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 Mid-Cap 400 stock price index. Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polaris.com.