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Polaris Industries Inc. to invest in capital improvements at Vermillion facility
By Staff reports

April 18. 2014 6:00AM
PIERRE, S.D. – Polaris Industries Inc. (NYSE: PII) announced this week the company will be making a significant investment in technology and equipment upgrades with the help of funding approved by the Board of Economic Development.

“Polaris Industries Inc.’s decision to invest in its Vermillion facility speaks volumes to South Dakota’s strong business climate,” said Gov. Dennis Daugaard. “Whenever we can use our programs to assist a company during its expansion, I am pleased to do so.”

The company will invest nearly $10 million in capital improvements at its Parts, Garments and Accessories (PG&A) Distribution Center in Vermillion, S.D., to install the new material handling systems. The investment is necessary to help the company keep pace with increased demand and reinforce the long-term viability of the Vermillion operation.

Built in 1997, the 385,000-square-foot Vermillion Distribution Center employs 150 workers and supplies more than 60,000 PG&A products to 130 countries, dealers and distributors.

“We are grateful to the city of Vermillion and the state of South Dakota for their support as we invest in our shared future,” said Steve Eastman, vice president of Parts, Garments and Accessories, Polaris. “These improvements will create efficiencies that notably enhance the throughput of our Vermillion Distribution Center. This investment is a sign of our joint commitment to this facility, this community and a strong and vibrant workforce.”

The Board of Economic Development approved Polaris for funding through the Reinvestment Payment Program to assist in offsetting some of the upfront costs associated with the improvements. The company also received a Workforce Development grant for employee training. The city of Vermillion and the Vermillion Area Chamber and Development Company are partnering to offer up additional funding in conjunction with the Governor’s Office of Economic Development (GOED) programs.

Polaris expects to complete the installation of the new material handling systems by December 2014.

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