WINNIPEG, April 12 /CNW/ - New Flyer Industries Inc. (TSX:NFI.UN) ("New
Flyer" or the "Company"), the leading manufacturer of heavy-duty
transit buses in Canada and the United States, announced today that the
Company is planning to open an Ontario Parts Distribution Center
("PDC") in the Greater Toronto and Hamilton Area (the "GTHA") in 2011.
"The Company's strategy is to provide the 'Best Bus Value and Support
for Life'. We have been expanding our aftermarket service model and
with a number of customers in this region asking us to provide local
support, opening an Ontario PDC is the next logical step in executing
our strategy", said Paul Soubry, New Flyer's President and Chief
New Flyer has supplied transit buses to this region for over forty
years. "There are currently over 9,300 transit buses operated by over
65 transit agencies within a 300 kilometer radius of the GTHA (from
Ottawa to Detroit), of which nearly one-third were manufactured by New
Flyer", said Hans Peper, the Company's Executive Vice President,
Customer Services. "Establishing a PDC in the region is expected to
improve New Flyer's response time for service parts, enhance parts
availability and fill rates, and to enable the Company to better
support its customers in the areas of supply and inventory services."
The Ontario Parts Distribution Center will become the fourth in the New
Flyer PDC network. The Company maintains a PDC in Winnipeg, MB; a
second was established in Erlanger, KY in 2008; and a third opened in
Fresno, CA in 2009. Mr. Peper commented further, "With the continued
growth in the number of New Flyer buses in service, adding this PDC is
critical to our plan for ongoing improvement of our customer support."
This follows on the successful launch and implementation of a Customer
Service and Overhaul Center that New Flyer established in Arnprior, ON
New Flyer plans to redistribute some inventory from Winnipeg to the
Ontario PDC to be closer to its customer base in the region. The
Ontario PDC will carry a wide assortment of parts for New Flyer buses
and other common makes and models of buses. The Company is currently
evaluating various locations in the region and plans to have the
Ontario PDC operational in 2011.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in
Canada and the United States. The Company's three manufacturing
facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN - are
all ISO 9001, ISO 14001 and OHSAS 18001 certified. The Company
currently operates three parts distribution centers in Winnipeg, MB,
Erlanger, KY and Fresno, CA.
During 2010, New Flyer's footprint expanded in three key locations.
Service centers were added in Arnprior, ON and in New York City as part
of the Company's strategic focus on offering 'Best Bus Value and
Support for Life'. In addition, New Flyer acquired TCB Enterprises,
LLC of Elkhart, IN. TCB is now operated as an indirect subsidiary of
New Flyer and is a high-quality manufacturer and supplier of transit
interior lighting and stanchions.
With a skilled workforce of over 2,000 employees, New Flyer is a
technology leader, offering the broadest product line in the industry,
including drive systems powered by clean diesel, LNG, CNG and electric
trolley as well as energy-efficient gasoline-electric hybrid vehicles.
All products are supported with an industry-leading, comprehensive
parts and service network. The Company's income deposit securities are
traded on the Toronto Stock Exchange under the symbol NFI.UN. Further
information is available on New Flyer's web site at www.newflyer.com.
This press release may contain forward-looking statements relating to
expected future events and financial and operating results of New Flyer
and New Flyer Industries Canada ULC ("NFI ULC") 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 market and general economic
conditions and economic conditions of and funding availability for
transit agencies to purchase buses, parts and services and the other
risks and uncertainties discussed in the materials filed with the
Canadian securities regulatory authorities and available on SEDAR at
www.sedar.com. Due to the potential impact of these factors, New Flyer
and NFI ULC disclaim 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.
SOURCE New Flyer Industries Inc.
For further information:
New Flyer Industries Inc.
Chief Financial Officer