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Thor Industries Inc., the retail market share leader in travel trailers and fifth-wheels, will increase its production capacity with the construction of two more factories in Goshen, Ind., according to Thor’s Keystone RV Co. subsidiary.
Keystone opened one new 85,000-square foot plant in Goshen in February to build its Montana and Big Sky Montana fifth-wheel brands and it will open another 85,000-square-foot factory, also in Goshen, in a week to 10 days to build its Hornet travel trailer and fifth-wheel series, said Ron Fenech, president and COO of Keystone.
Then, in mid-November, Keystone will open another 85,000-square-foot factory in Goshen to produce its Sprinter travel trailer and fifth-wheel series.
And today (Oct. 2), Keystone announced it will begin the construction soon of two more 85,000-square-foot manufacturing plants in Goshen, which should be finished by early next spring, Fenech said.
The company has not yet determined which brands will be built in the factories scheduled for completion early next year, although Fenech said the additional facilities, ultimately, will add production capacity for all of Keystone’s 14 brands.
“Our sales continue to exceed capacities with each of our 14 brands gaining market share,” Fenech said. “We are building for the future and our future is bright.”
The opening of four new factories will result in Keystone creating 400 new jobs since Jan. 1, 2002, bringing its total workforce in Indiana to 2,000 people, Fenech added.
Thor’s Dutchmen Manufacturing Co., another builder of towable RVs, also will begin construction soon of a new 85,000-square-foot factory on the southeast side of Goshen, near Keystone’s complex.
The goal of Dutchmen executives also is to have the new facility completed by next spring.
Dutchmen will build its laminated towable RV brands, including its new Colorado series, in the new factory.
During the first seven months of this year, the most current data available, Thor was the retail market share leader in travel trailers and fifth-wheels by a wide margin, according to Statistical Surveys Inc., an independent market research firm.
Thor had a 29% share of the combined travel trailer/fifth-wheel retail market during the first seven months of this year. No. 2 was Forest River Inc., Goshen, Ind., with 14.3% and Fleetwood Enterprises Inc., Riverside, Calif., was No. 3 at 13.5%.
Keystone’s Montana was the top-selling fifth-wheel brand during the first seven months of this year with a 6.9% retail market share and its Cougar was No. 2 at 5.9%, according to Statistical Surveys. The Dutchmen Classic was No. 5 at 3.4% and Keystone’s Sprinter was No. 6 at 2.8%.
In the travel trailer segment, Thor had two brands in the top 10, the Dutchmen Classic which was No. 4 with a 4.7% retail market share during the first seven months of this year, and Keystone’s Springdale which was No. 10 with a 2.7% share, according to Statistical Surveys.