VALCOURT, QC, July 19, 2021 /CNW Telbec/ - BRP (TSX: DOO)
(NASDAQ: DOOO) announces that on July 17, 2021, there was
a fire in the storage yard of the Juarez 2, Mexico facility. All employees on site were
safely evacuated and there are no reported injuries. No
damage was caused to the manufacturing facility, where side-by-side
vehicles are produced. The Company is ready to resume production
and is expecting to receive clearance from authorities by
mid-week.
"I am pleased that all our employees are safe and followed our
health and safety protocols. We appreciate the quick assistance of
the firefighters, local businesses and authorities. We do not
anticipate any material impact to our business", stated José
Boisjoli, President & Chief Executive Officer, BRP.
The Company is working with authorities and internal and
external experts to determine the cause of
this incident. Some SSV units that were in our
storage yard were lost, representing approximately 6 days of
production.
While we expect this incident will delay certain SSV deliveries,
dealers and customers can be assured we are putting measures in
place to mitigate its impact.
About BRP
We are a global leader in the world of
powersports vehicles, propulsion systems and boats, built on over
75 years of ingenuity and intensive consumer focus. Our portfolio
of industry-leading and distinctive products includes Ski-Doo and
Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road
vehicles, Alumacraft, Manitou,
Quintrex, boats and Rotax marine propulsion systems as well as
Rotax engines for karts and recreational aircraft. We complete our
lines of products with a dedicated parts, accessories and apparel
business to fully enhance the riding experience. With annual sales
of CA$6.0 billion from over 130 countries, our global workforce is
made up of more than 14,500 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Evinrude, Manitou, Alumacraft, Quintrex, Stacer, Savage
and the BRP logo are trademarks of Bombardier Recreational Products
Inc. or its affiliates. All other trademarks are the property of
their respective owners.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements in this press release, including, but not
limited to, statements about the Company's prospects, expectations,
anticipations, estimates and intentions, results, performance,
objectives, targets, goals or achievements, priorities and
strategies, financial resources, capabilities, beliefs, research
and product development activities, expected financial requirements
and the availability of capital resources and liquidities or any
other future events or developments and other statements that are
not historical facts constitute forward-looking statements within
the meaning of Canadian and United
States securities laws. The words "may", "will", "would",
"should", "could", "expects", "forecasts", "plans", "intends",
"trends", "indications", "anticipates", "believes", "estimates",
"outlook", "predicts", "projects", "likely" or "potential" or the
negative or other variations of these words or other comparable
words or phrases, are intended to identify forward-looking
statements. Forward-looking statements, by their nature, involve
inherent risks and uncertainties and are based on assumptions, both
general and specific. The Company cautions that its assumptions may
not materialize and that current economic conditions render such
assumptions, although believed reasonable at the time they were
made, subject to greater uncertainty. Actual results or future
events or developments may differ materially from those expressed
or implied by the forward-looking statements due to a number of
factors, including the impact of adverse economic conditions such
as those resulting from the ongoing COVID-19 health crisis as well
as those identified in BRP's annual management's discussion and
analysis and audited consolidated financial statements for its
fiscal year 2021 and the other recent and future filings with
applicable Canadian and U.S. securities regulatory authorities,
available on SEDAR at sedar.com or EDGAR at sec.gov, respectively.
These factors are not intended to represent a complete list of the
factors that could affect the Company; however, these factors
should be considered carefully. The forward-looking statements
contained in this press release are made as of the date of the
press release and the Company has no intention and undertakes no
obligation to update or revise any forward-looking statements to
reflect future events, changes in circumstances, or changes in
beliefs, unless required by applicable securities regulations. In
the event that the Company does update any forward-looking
statements contained in this press release, no inference should be
made that the Company will make additional updates with respect to
that statement, related matters or any other forward-looking
statement.
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SOURCE BRP Inc.