Arctic Cat Making $27 Million Manufacturing Investment
PLYMOUTH, Minn. (AP) — Arctic Cat plans to make a nearly $27 million investment in its facilities in St. Cloud and Thief River Falls.
The snowmobile and all-terrain vehicle manufacturer says most of the improvements will be in Thief River Falls where it will add a new production line, along with 39 jobs.
In St. Cloud, Arctic Cat will invest about $400,000 to expand its engine manufacturing facility and add 10 positions.
The company on Wednesday reported a loss of $21.5 million in its fiscal fourth quarter. Arctic Cat posted revenue of nearly $99 million for the period. Wall Street analysts expected $111 million. Arctic Cat shares have dropped 1 percent since the beginning of the year.
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