- BRP Inc. (DOO) is building a new production facility in Chihuahua City, Mexico
- The new facility will help increase manufacturing capacity and capabilities to meet demand for its marine products
- Production at the new facility is planned to start early in 2025
- The production facility represents an expected capital investment of $220 million
- BRP Inc. is up 0.97 percent, trading at $106.24 at 11:16 a.m. EST
BRP Inc. (DOO) is building a new production facility in Chihuahua City, Mexico.
BRP is the holding company of Bombardier Recreational Products, which produces snowmobiles, all-terrain vehicles, side by sides, motorcycles, and personal watercraft.
The Quebec-based company calls the new facility a “major milestone” that will help it increase its manufacturing capacity and capabilities to meet demand for its marine products and fuel growth.
The production facility represents an expected capital investment of $220 million and would result in the creation of up to 1,300 jobs in addition to the 2,500 current roles in BRP’s Marine Group.
The new plant will optimize the company’s global manufacturing footprint for the Manitou pontoons and the Alumacraft boats and will complement the Marine Group’s production facilities located in Lansing, Michigan, St. Peter, Minnesota, Sturtevant, Wisconsin, Spruce Pine, North Carolina, and Coomera, Queensland, Australia.
“In light of our recent product launches that are revolutionizing the boating experience, including the industry award-winning Manitou pontoon, we want to position the business for success to meet consumer demand for our products, be more efficient, and drive market share gains,” said BRP Marine Group President Karim Donnez.
“Our relentless focus on innovation and steady growth in the Marine category make this additional capacity necessary to launch game-changing boating experiences and achieve our Marine business strategy for 2025.”
BRP Inc. is up 0.97 percent, trading at $106.24 at 11:16 a.m. EST.
