Navico Group Announces Major Investment in its Lowell Facility to Establish Two Centers of Excellence for Metal Fabrication and Electrification Development
December 28 2023 - 4:40PM
Navico Group, a division of Brunswick Corporation (NYSE: BC) and
the world’s leading supplier of integrated systems and products for
the marine and RV industries, has announced a multimillion-dollar
investment in its Lowell, Michigan facility to create two Centers
of Excellence in metal fabrication and electrification. The
investment will increase quality, capacity, and efficiency, as well
as improve product manufacturing capabilities.
“Navico Group is committed to being a leader in metal
fabrication and electrification for the industries we serve, and
this investment is a testament to that” said Brett Dibkey, Navico
Group president. “The new manufacturing capabilities that we are
implementing in the Lowell facility will enhance product
development agility and speed-to-market. Additionally, our
focus on custom battery development supports Brunswick’s broader
electrification efforts as part of our overall ACES strategy.”
The metal fabrication Center of Excellence will be equipped with
the latest laser and robotic fabrication technology to aid in the
development and production of high-quality products for the marine
industry. Most of these products will come to market under
the Attwood brand.
The new state-of-the-art battery lab and assembly capability
will aid in the design and development of custom power solutions
for the nearly 20 end-markets that Navico Group serves with brands
like Mastervolt and RELiON Battery. The lab will enable engineers
to develop and test end-to-end battery technologies, from bespoke
battery management systems (BMS) to emergent cell chemistries. The
establishment of this battery facility will bolster the global
expansion of Navico Group’s electrification efforts and become the
second electrification Center of Excellence in addition to the
company’s Amsterdam facility.
“The new battery facility is another example of our commitment
to developing and delivering world-class low- and high-voltage
electrification solutions to our customers around the world.”
added Dibkey. “The shift to electrification is taking place in the
industries that we serve, and this investment allows us to
immediately serve our global customers.”
Sustainability is also a large focus at the Lowell facility. It
is the first Navico Group site to reach zero-waste-to-landfill
status, meaning 90% of its waste materials are being recycled,
reused, or otherwise eliminated.
“The decision by Navico to expand its manufacturing capabilities
in Michigan underscores our state’s leadership in future mobility
and electrification, as well as the strength of our business
climate and talented workforce,” said MEDC State of Michigan Chief
Mobility Officer Justine Johnson. “We’re pleased to join our local
partners in supporting this expansion, and look forward to working
with the company as it continues to grow and add jobs for Michigan
residents.”
For more information about Navico Group, please visit
www.navico.com.
About Navico GroupA division of Brunswick
Corporation (NYSE: BC), Navico Group is the world’s leading
supplier of integrated systems and products to industries ranging
from marine to recreational vehicle and beyond. The Navico Group
portfolio is comprised of industry-leading brands in power
management, digital control & monitoring, networked devices,
and marine electronics. Some of the many brands that make up Navico
Group include: Ancor, Attwood, B&G, BEP, Blue Sea Systems,
C-Map, CZone, Lenco, Lowrance, Marinco, Mastervolt, MotorGuide,
Progressive Industries, ProMariner, RELiON, Simrad, and Whale.
About Brunswick Corporation:Brunswick
Corporation (NYSE: BC) is the global leader in marine recreation,
delivering innovation that transforms experiences on the water and
beyond. Our unique, technology-driven solutions are informed
and inspired by deep consumer insights and powered by our belief
that “Next Never Rests™”. Brunswick is dedicated to industry
leadership, to being the best and most trusted partner to our many
customers, and to building synergies and ecosystems that enable us
to challenge convention and define the future. Brunswick is home to
more than 60 industry-leading brands. In the category of Marine
Propulsion, these brands include, Mercury Marine, Mercury Racing,
MerCruiser and Flite. Brunswick’s comprehensive collection of
parts, accessories, distribution, and technology brands includes
Mercury Engine Parts & Accessories, BLA and Land ‘N’ Sea. Our
Navico Group and its industry-leading technology brands consist of
Lowrance, Simrad, B&G, Mastervolt, RELiON, Attwood and Whale.
Our Boat brands are some of the best known in the world, including
Boston Whaler, Lund, Sea Ray, Bayliner, Harris Pontoons,
Princecraft and Quicksilver. In addition, our service, digital and
shared-access businesses include Freedom Boat Club, Boateka and a
range of financing, insurance, and extended warranty businesses.
While focused primarily on the marine industry, Brunswick also
successfully leverages its portfolio of advanced technologies to
deliver an exceptional suite of solutions in mobile and industrial
applications. Headquartered in Mettawa, IL, Brunswick has
approximately 18,000 employees operating in 27 countries. In 2023,
Brunswick was named by Forbes as a World’s Best Employer and as one
of America’s Most Responsible Companies by Newsweek, both for the
fourth consecutive year. For more information, visit
brunswick.com.
Lee
Gordon —
Vice President – Corporate Communications, Public Relations & Public Affairs
M: (904) 860-8848 | O: (847) 735-4003
Brunswick (NYSE:BC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brunswick (NYSE:BC)
Historical Stock Chart
From Jul 2023 to Jul 2024