Navico Group Announces Operational Updates at Lowell Facility to Cut Costs and Improve Efficiency

GlobeNewswire··Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Navico Group, a division of Brunswick Corporation, announced operational updates at its Lowell, Michigan facility aimed at reducing fixed costs, improving efficiency, and supporting long-term U.S. manufacturing. As part of the plan, Land 'N' Sea will use about 50,000 square feet of available space inside the Lowell facility for distribution operations while remaining a separate business with its own leadership and customer focus. The changes are expected to create a multi-million-dollar savings opportunity and build on progress made over the past 18 months in margin, productivity, safety, quality, and on-time delivery. Navico Group will expand insourcing, use select outside partners, and work more closely with other Brunswick divisions as part of the company's ongoing cost transformation work.

Impact on assets 1

Consumer Discretionary▲ · 1 stocks
Brunswick Corporation
BC
▲ PositiveCapitalrelevance

Navico Group's operational updates at Lowell facility are expected to create multi-million-dollar savings, reducing fixed costs and improving efficiency.