Thor Reveals Expansion Of Projects At Heartland - Quick Facts

(RTTNews) - Recreational vehicles maker Thor Industries Inc (THO) Monday announced several projects to expand production and office space at its Heartland subsidiary in Elkhart.

The projects include the purchase and renovation of an existing office building, expansion of a plant dedicated to production of lightweight travel trailers, expansion of a production facility to produce Toy Haulers, the renovation and dedication of a single facility to the production of destination trailers and the purchase.

"Heartland has made great strides in growing our sales and enhancing our market position to the point where we need to make an investment in infrastructure to support our future growth," commented Chris Hermon, Heartland President. "In total, we are planning to invest nearly $8 million in new or renovated facilities to take better care of our dealer partners and retail consumers.

Heartland expects to increase overall production capacity by nearly 20%, while adding approximately 85 jobs in Elkhart.