PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: New Flyer Industries, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

New Flyer Announces Expansion of Winnipeg Parts Business and New Product Development Centre, Creating A 'New Flyer Campus' - New Flyer Industries Inc. (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses in Canada and the United States, announced today the expansion of its business in Winnipeg [TSX: NFI; TSX: NFI.DB.U] - NewFlyer.com
New Flyer Announces Expansion of Winnipeg Parts Business and New Product Development Centre, Creating A 'New Flyer Campus'

 

NewswireToday - /newswire/ - Winnipeg, Manitoba, Canada, 2013/09/27 - New Flyer Industries Inc. (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses in Canada and the United States, announced today the expansion of its business in Winnipeg [TSX: NFI; TSX: NFI.DB.U] - NewFlyer.com. TSX: NFI.DB.U

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On January 23, 2013, the world’s second largest bus builder, Brazilian headquartered Marcopolo S.A. agreed to invest $116M to acquire a 19.99% interest in New Flyer. With the Marcopolo cash infusion and a renewed credit facility, New Flyer immediately executed two strategic acquisitions within four months:

• March 1, 2013: New Flyer acquired the parts business of Orion, owned by Daimler Bus North America with facilities in Mississauga, ON and Oriskany, NY, and
• June 21, 2013: New Flyer acquired Anniston, AL-based transit bus and parts business called North American Bus Industries (or NABI) from an affiliate of Cerberus Capital Management, LP.

Today, New Flyer announces:

1. The addition of 30 new full-time positions to the Winnipeg-based New Flyer aftermarket parts business unit;
2. Financial assistance of up to $300,000 from the Province of Manitoba through the Industry Workforce Development Branch of Entrepreneurship, Training and Trade to support on-boarding skills of new positions as well as training to increase skill-sets of 75 existing workers to assist with individual development and career advancement opportunities; and
3. The execution of a long-term lease with the Palliser group for office, shop and warehouse space adjacent to the New Flyer main Winnipeg plant that will be the new home for expanded New Flyer Aftermarket Parts, Publications, Customer Training and New Product Development (“NPD”) teams.

Paul Soubry, President and CEO of New Flyer explained,“We were looking to improve our customer service and enhance our cost competitiveness. We assessed a number of options to consolidate and pursue synergies in the Aftermarket Parts business functions of planning, sourcing, purchasing and customer service. We could have gone to Toronto, the US or expanded in Winnipeg.”

Soubry further explained,“Working to a very tight timeline and with great support from Yes!Winnipeg, we were able to fast track our analysis to select Winnipeg to expand for two primary reasons: Firstly, New Flyer’s core business was here allowing us to sustain and create new jobs, and secondly, with some creativity and support from the Province of Manitoba, we found a way to make the economics work. We’re really excited about creating a New Flyer Campus that reduces the number of Winnipeg facilities - first from five buildings to three - and now down to just two. We believe that this campus approach can facilitate communication, collaboration and internal networking between all New Flyer business groups here in Winnipeg.”

New Flyer’s current NPD facility has been in the same location for nearly 20 years and has become undersized for the scope and scale of current and proposed bus development projects and emerging technologies. The expanded NPD scope will also include a production engineering test group which is currently using borrowed space from a transit customer in Phoenix, AZ.

“We are privileged to have the support of the Manitoba government, as well as ongoing support and partnerships from several educational institutions and non-profit technical support agencies,” said Janice Harper, New Flyer Vice President of Human Resources. “Promoting the development of our highly-skilled workforce in world-class facilities is part of the New Flyer mandate and we appreciate that our continued growth and development would not be possible without this support.”

The transition of New Flyer’s Technical Publications and Customer Training departments into the new space has now been completed. The remaining teams affected will relocate over the next four months.

About New Flyer
New Flyer (newflyer.com) is a leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company is the industry technology leader and offers the broadest product line including drive systems powered by: clean diesel, natural gas and electric trolley as well as energy-efficient diesel-electric hybrid vehicles. All buses are supported by an industry-leading comprehensive warranty and support program, and service network. New Flyer and NABI also operate the transit industry’s most sophisticated aftermarket parts organization, sourcing parts from hundreds of different suppliers and providing support for all types of heavy-duty transit buses.

Together New Flyer and NABI employ over 3,000 team members with manufacturing, fabrication, parts distribution and service centers in both Canada and the United States. Further information is available on New Flyer’s website.

The common shares and convertible unsecured subordinated debentures of the Company are traded on the Toronto Stock Exchange under the symbols NFI and NFI.DB.U, respectively.

Forward-Looking Statements
This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Company that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including the risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at sedar.com. Due to the potential impact of these factors, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: New Flyer Industries, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


New Flyer Announces Expansion of Winnipeg Parts Business and New Product Development Centre, Creating A 'New Flyer Campus'

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

New Flyer Industries Inc. |
Publisher Contact: Jon Koffman - NewFlyer.com 
204-224-6672 investor[.]newflyer.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any New Flyer Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From New Flyer Industries, Inc. / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket
Borealis and Borouge Showcase Lightweight Solutions with the 2016 European Car of the Year At K Fair
BASF - Charge Air Duct Made from The High-temperature Polyamide Ultramid® Endure BM for Blow Molding
MAN Announces First Major Order from Tbilisi
BASF and Hyundai Motor Showcase RN30 Concept Car At K Fair

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)