Warrenville, IL (September 27, 2011) – Navistar International Corporation (NYSE: NAV) announced today that it intends to sign a lease agreement for a manufacturing facility in Northwest Alabama that would further enhance the company’s manufacturing strategy.
The company intends to lease a manufacturing facility in the community of Barton, Ala., from The Retirement Systems of Alabama. This facility would become Navistar’s third manufacturing plant in the state. The company opened an engine plant in Huntsville in 2002, and expanded with a second engine plant there in 2008.
Navistar believes Alabama has proven to be a great place for the company to grow its business and intends to maximize the facility’s under-utilized fabrication equipment and other assets to cost effectively expand manufacturing capabilities and options in North America. The company hopes to capture synergies and efficiencies given the close proximity to Navistar’s two engine plants in Huntsville.
Local and state government agencies and officials were instrumental in making this an attractive opportunity for Navistar. The company, which would take possession of the facility on January 1, 2012, would retain the existing workforce and operations. Navistar intends to finalize its initial operating and product plans for the facility in the coming months, and expects to disclose those details by year end. The company would be eligible to qualify for certain state and local incentives based on achieving certain employment levels and other requirements.
Based in Lisle, Illinois, International Motors, LLC* creates solutions that deliver greater uptime and productivity to our customers throughout the full operation of our commercial vehicles. We build International® trucks and engines and IC Bus® school and commercial buses that are as tough and as smart as the people who drive them. We also develop Fleetrite®aftermarket parts. In everything we do, our vision is to accelerate the impact of sustainable mobility to create the cleaner, safer world we all deserve. As of 2021, we joined Scania, MAN and Volkswagen Truck & Bus in TRATON GROUP, a global champion of the truck and transport services industry. To learn more, visit www.International.com.
Media contact:
Nick Smith
nick.smith@navistar.com
480-398-6511
Investor contact:
Marvin Kalberlah
marvin.kalberlah@navistar.com
630-432-5179
*International Motors, LLC is d/b/a International Motors USA LLC in Illinois, Missouri, New Jersey, Ohio, Texas, and Utah.