d lubricants. Motorcycle accessories include saddle bags, handlebars, backrests, exhaust, windshields, seats, oil, and various chrome accessories. The company also markets a line of recreational apparel for its product lines, including helmets, jackets, bibs and pants, leathers, and hats. The company owns Teton Outfitters, LLC (doing business as Klim), which specializes in premium technical riding gear for the snowmobile and motorcycle industries. Apparel is designed to its specifications, purchased from independent vendors and sold by the company through its dealers and distributors, and online under its brand names. Sales and Marketing The company’s products are sold through a network of approximately 1,750 independent dealers in North America, through 22 subsidiaries and approximately 85 distributors in approximately 100 countries outside of North America. It sells its snowmobiles directly to dealers in the snowbelt regions of the United States and Canada. Majority dealers and distributors of the company’s snowmobiles also distribute its ORVs. The company also sells its ORVs through lawn and garden and farm implement dealers. With the exception of France, the United Kingdom, Sweden, Norway, Australia, New Zealand, Germany, Spain, China, India, and Brazil, sales of its non-SV products in Europe and other offshore markets are handled through independent distributors. GEM has approximately 270 dealers. Goupil and Aixam sell directly to customers in France, through subsidiaries in certain Western European countries and through various dealers and distributors for markets outside such countries. In 2013, the company entered into a partnership with Ariens Company (Ariens), a Brillion, Wisconsin based manufacturer of outdoor power equipment. Through the partnership, it anticipates utilizing each other's dealer networks, sharing certain technologies, research and development and supplying Ariens with a work vehicle to sell through its dealer network. The company sells clothing and accessories through its e-commerce sites, polaris.com and klim.com. Research and Development The company expended $139.2 million for research and development activities in 2013. Product Safety and Regulation The company is a member of the Recreational Off-Highway Vehicle Association, which is established to promote the safe and responsible use of side-by-side vehicles also known as recreational off-highway vehicles, a category that includes its RANGER and RZR side-by-side vehicles. The company is a member of the International Snowmobile Manufacturers Association, a trade association formed to promote safety in the manufacture and use of snowmobiles and others. The federal Environmental Protection Agency and the California Air Resources Board have adopted emissions regulations applicable to the company’s products. Significant Events In May 2014, Polaris Industries Inc. is expanding the engine assembly operations at its facility in Osceola, a move that will create 60 new jobs and retain 200 existing positions. The $1.75 million expansion project in Polk County will enable the production of additional Polaris ProStar, engine platforms. The new line will increase Osceola engine capacity by 40%. Competition The major competitors for the company’s RANGER and RZR side-by-side vehicles are Deere & Company; Kawasaki Motors Corp.; Yamaha Motor Corporation; Arctic Cat Inc.; Kubota Tractor Corporation; Honda Motor Co., Ltd.; and Bombardier Recreational Products Inc.’s Can-Am product line. History Polaris Industries Inc. was founded in 1987.
polaris industries inc (PII:New York)
2100 Highway 55
Medina, MN 55340
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