Wabash board of directors OKs two major investments
Wabash National Corp. announced its board of directors approved of two major investments intended to maintain its position as a leading trailer manufacturer.
The board has approved $10 million for the first phase of a $40 million multi-year program to replace four trailer assembly lines. Additionally, a green light was given for a $20 million investment for engineering and business process systems improvements.
“This investment in our production capabilities will help to revolutionize trailer manufacturing, incorporating the use of technology proven in the automotive industry,” said Wabash executive vp & COO, Dick Giromini. “When completed the new assembly process will result in lower production costs and improved safety and product quality. We expect that when completed, each new line will produce an annual cost savings of approximately $7 million.”
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