Briggs and Stratton Corp. announced a “business optimization program” expanding Vanguard engine production; adding capacity to Ferris output with a new facility; and implementing a new resource planning system and other efficiency improvements.
The plan will cost $50-$55 million and is expected to generate up to $35 million in savings annually.
Briggs is expanding production at its Auburn, Ala. and Statesboro, Ga. manufacturing facilities. Increases are expected to phase-in beginning late fiscal year 2018. Also, the company will begin production of its Ferris commercial mowers in a new facility near its Munnsville, NY operation. Briggs will look to sell the current facility and a remote warehouse in fiscal year 2019.
Todd Teske, Briggs chairman, president and CEO, says the company’s sales of commercial-oriented products have increased by $180 million, or 70 percent, over the past five years. The new program would allow for “continued profitable growth.”
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