CYBEX Building New Manufacturing Facility in Owatonna
14 Juin 2006 - 5:08PM
Business Wire
Cybex International, Inc. (AMEX: CYB), a leading exercise equipment
manufacturer, announced that they will be building a new
state-of-the-art manufacturing facility in Owatonna, Minnesota. A
new facility is necessary due to a 15% growth over the last four
years driven by innovative new products such as the revolutionary
Arc Trainer and the VR3 line of strength equipment. Plans for
future growth are imminent, and manufacturing capacity is being
expanded to support current and future business projections. Plans
have been announced to build a 340,000 square foot facility located
on 36 acres of property in Owatonna that will increase
manufacturing capacity. Although the Company was pursued by other
communities, CYBEX is committed to staying in Owatonna to support
its existing workforce and provide a better quality of life for
those employees. "CYBEX prides itself on its progressive
manufacturing technology and quick turnaround time for custom-built
fitness equipment," said John Aglialoro, Chairman and CEO of CYBEX.
"Our outstanding workforce in Owatonna has contributed to our
success, and those employees will be an integral part of the growth
of our company moving forward. The new manufacturing facility will
play a vital role in contributing to the future success of the
Company." CYBEX uses a progressive manufacturing philosophy that
makes efficient use of all technology and employees to build the
highest quality products in the shortest amount of time. "The
support we've received from the Mayor, the City of Owatonna and the
Owatonna Area Chamber of Commerce and Tourism is incredible," said
Ed Kurzontkowski, Senior Vice President of Manufacturing and
Engineering for CYBEX. "We are all very excited about this
expansion and the potential that it adds for growth." Ground is
scheduled to be broken for the new building by early September, and
CYBEX is expected to move into the building in July 2007. CYBEX
International, Inc. is a leading manufacturer of premium exercise
equipment for commercial and consumer use. The CYBEX product line
includes a full range of both strength training and cardio training
machines sold worldwide under the CYBEX brand. Products and
programs are designed and engineered to reflect the natural
movement of the human body, assisting each unique user - from the
professional athlete to the first-time exerciser - to improve daily
human performance. For more information on CYBEX and its product
line, please visit the Company's website at
www.cybexinternational.com. This news release may contain
forward-looking statements. There are a number of risks and
uncertainties that could cause actual results to differ materially
from those anticipated by the statements made above. These include,
but are not limited to, competitive factors, technological and
product developments, market demand, economic conditions, the
resolution of litigation involving the Company, and the ability of
the Company to comply with the terms of its credit facilities.
Further information on these and other factors which could affect
the Company's financial results can be found in the Company's
previously filed Report on Form 10-K, its Reports on Form 10-Q, its
Current Reports on Form 8-K, and its proxy statement dated April 4,
2006.
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