Thor's Motor Coach Unit To Expand Motorhome Sites In Indiana

Thor Industries Inc.’s (NYSE:THO) subsidiary Thor Motor Coach is enlarging its operation in Elkhart, Wakarusa and Bristol towns of Elkhart County, IN. Good news is that this facility growth includes addition of new facilities or development of the existing ones in northern Indiana.

In Wakarusa, IN, the company will be buying existing buildings for production of Class C products. To assist motorhome production, a new lamination operation with six lamination lines, will be purchased.

In Bristol, IN, Thor Motor Coach is on the verge to complete its addition of a Class C campus to aid the Quantum motorhome line. While in Elkhart, IN, the company is adding a Class A plant to be used for the upcoming second production of Class A motorhome gas models.

The five campuses at Elkhart County consist of a 2.3 million square feet manufacturing space, outspread across 300 acres. Total of half a million square feet of workspace has been added.

Manufacturing in these facilities is expected to start by late summer and continue throughout 2017. Around 400 new employees are also being hired to work at these hubs.

Per Jeff Kime, President of Thor Motor Coach, the expansion will allow the company to serve its dealer network more efficiently by enhancing the delivery time.

Thor Industries engages in manufacturing recreational vehicles (RVs) in the U.S. The company’s products are sold primarily across the United States and Canada. The unit of Thor Motor Coach (TMC) is situated in North America, where it stands tall as the proud number one motorhome manufacturer brand. TMC’s product portfolio includes many recognized Class A and Class C motorhome models.

Price Performance

Thor Industries has outperformed the Zacks categorized Building Products - Mobile Homes And RV Builders industry in the last year. The stock has rallied 42.4% compared with the industry’s gain of 37.9% during the period.

Zacks Rank & Stocks to Consider

Thor Industries sports a Zacks Rank #1 (Strong Buy).

A few other top-ranked companies in the auto space are Allison Transmission Holdings, Inc. (NYSE:ALSN) , Daimler AG (OTC:DDAIF) and Volkswagen (DE:VOWG_p) AG (OTC:VLKAY) , all three sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Allison Transmission has expected long-term growth rate of 11%.

Daimler has expected long-term growth rate of 2.8%.

Volkswagen has expected long-term growth rate of 17.5%.

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