(The following is a reformatted version of a press release issued by Subaru of Indiana Automotive, Inc. and received via electronic mail. The release was confirmed by the sender.) MAY 8, 2013 SIA TO ADD IMPREZA PRODUCTION, CREATE 900 JOBS Expansion investment estimated at $400 million (Lafayette, IN) Subaru of Indiana Automotive, Inc. (SIA) the North American manufacturer of Subaru vehicles, announced today that it is expanding its plant in Lafayette, Indiana to add production of the Subaru Impreza beginning in 2016. The expansion project will create approximately 900 new jobs and involve an investment of approximately $400 million. Subaru models currently produced at SIA include the Subaru Outback, Legacy and Tribeca. The Subaru Impreza is currently built only at Subaru’s Yajima and Main plants in Japan. Powered by Subaru’s 4-cyliner, horizontally-opposed BOXER engine and equipped with symmetrical all-wheel drive, the Impreza is popular for its performance and safety features as well as its excellent fuel economy. Record sales and a gain in market share in North America led SIA’s parent company, Fuji Heavy Industries (FHI) to the decision to invest $400 million to build the Impreza at SIA and expand the plant’s production capacity by about 100,000 vehicles annually. SIA Associates built a company record 271,583 vehicles in its fiscal year that ended on March 31, 2013. The expansion will involve construction to expand SIA’s total square footage by over a half million square feet. The project will also include the installation of new state-of-the-art equipment, primarily in the Paint and Body Assembly sections as well as changes to improve overall process flow. In addition to the approximately $400 million capital investment in the facility expansion and new equipment, SIA will be adding about 900 additional jobs to its workforce. “The success of the Subaru brand can be credited, in part, to the dedication of SIA’s highly-skilled Associates,” stated SIA’s Executive Vice President, Tom Easterday. “Our Associates are very excited about the opportunity to build the Subaru Impreza at SIA, and will remain committed to the same high level of quality, safety and teamwork that goes into every Subaru built at SIA.” “An expansion project of this magnitude could not have been possible without the support of the Indiana Economic Development Corporation, Greater Lafayette Commerce and local and state government officials,” remarked Easterday. Joining him at today’s announcement was Indiana Governor, Mike Pence, Lafayette Mayor, Tony Roswarski and Tippecanoe County Board of Commissioners President, David Byers. “We are proud that Indiana will be home to the continued investment of a world-class company like Subaru,” said Pence. “With our competitive tax climate, strong workforce and unmatched infrastructure, the world recognizes that the Hoosier State is open for business.” “A lot of us can remember when it was first announced that Subaru was going to locate in Lafayette and what that would mean for our economy,” stated Mayor Roswarski. “They have far exceeded any of our expectations. And today they will do that again with this announcement which is the largest in our and their history. We are privileged to be a partner with Subaru, their management here and in Japan and every Associate on this momentous occasion. I couldn’t be more pleased with their continued confidence in our community and look forward to our shared growth and prosperity.” Construction on the planned expansion is slated to begin this fall and is expected to be completed by the end of 2016. Construction continues on the $75 million expansion project which was announced in May 2012 that will increase SIA’s Subaru capacity from 156,000 to 180,000 units annually with no overtime. About SIA Subaru of Indiana Automotive, Inc. (SIA), a subsidiary of Fuji Heavy Industries, Ltd., is the home of North American Subaru production. Models built at the Lafayette, Indiana plant include the Subaru Legacy, Outback and Tribeca. SIA also produces the Toyota Camry under contract with Toyota. SIA employs over 3,600 Associates, and every Associate is committed to quality, safety and environmental stewardship. An industry leader in environmental stewardship, SIA was the first auto assembly plant in America to achieve zero landfill status, and SIA’s entire 832-acre site has been designated a Backyard Wildlife Habitat by the National Wildlife Federation. SIA’s community outreach programs include providing charitable contributions and corporate sponsorships, hosting charitable events on-site, donating vehicles and vehicle parts to educational institutions and encouraging Associate volunteerism, which supports hundreds of non-profit organizations and schools throughout Indiana annually. SIA was the recipient of the 2012 Governor’s Award for Corporate Service. For more information, visit www.subaru-sia.com . Contact: Jennifer McGarvey (P) 765.449.6269 (C) 765.413.5531 email@example.com (bjh) NY #<873920.6606220.127.116.11.0.76>#
SIA TO ADD IMPREZA PRODUCTION, CREATE 900 JOBS
Press spacebar to pause and continue. Press esc to stop.