Gehl Company Announces Further Expansion of Yankton, South Dakota Telehandler Facility.
WEST BEND West Bend, industrial city (1990 pop. 23,916), seat of Washington co., E Wis., on the Milwaukee River; inc. 1885, consolidated with Barton in 1961. Tools and dies, plastics, machines, dairy items, and leather products are made there. A two-year branch of the Univ. , Wis adv. 1. Certainly; really; indeed.
v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. . -- Gehl Company (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM:GEHL), today announced a $6.5 million expansion project that was approved by the Company's Board of Directors on Friday, April 28, 2006. The expansion is in response to the continuing strength of telehandler markets and Gehl's strong performance in those markets.
The project includes a $2.2 million, 30,000 square foot expansion of the facility as well as $4.3 million in further technological production enhancements to include increased laser cutting, robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions and an entirely new paint system. When completed, in January of 2007, telehandler production capacity will be approximately 50% greater than today.
William D. Gehl, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company commented that "Our continued investment in the Yankton facility is a confirmation of our firm commitment to increasing our presence in the telehandler marketplace, one of Gehl's core market segments. The expansion clearly positions the Company to take advantage of ongoing growth in the telehandler markets for the foreseeable future."
Gehl currently builds 16 models of telehandlers at its Yankton facility in various product configurations ranging in capacity from 6,000 to 12,000 pounds and lift height from 34 to 55 feet.
About Gehl Company
Gehl Company (NASDAQ NM:GEHL) is a manufacturer and distributor of compact equipment for construction and agricultural markets worldwide. Founded in 1859, the Company is headquartered in West Bend, WI, with manufacturing facilities in Madison and Yankton, SD. The Company markets its products under the Gehl (R) and Mustang mustang [Sp. mesteño=a stray], small feral horse of the W United States. Mustangs are descended from escaped Native American horses, which in turn were descended from horses of North African blood, brought to the New World by the Spanish c.1500. (R) brand names. Mustang product information is available on the Mustang Manufacturing website (www.mustangmfg.com). CE Attachments, Inc. information is available at (www.ceattach.com). Gehl Company information is available at (www.gehl.com) or contact: Gehl Company, 143 Water Street, West Bend, WI 53095 (telephone: 262-334-9461).