Powerboat manufacturer invests $75 million to expand production in Tennessee

Oct. 12, 2023
The new facility will expand Malibu Boats’ production and manufacturing capabilities of Cobalt boats.

Malibu Boats has announced plans to expand manufacturing operations in Lenoir City, Tennessee. The powerboat manufacturer will invest $75 million into the project, generating 770 new jobs in the process. The new facility will expand Malibu Boats’ production and manufacturing capabilities of Cobalt boats.

In a recent quote, Jack Springer, CEO, Malibu Boats, Inc., said, “At Malibu Boats, Inc., our mission is to create the ultimate on-the-water lifestyle. Our local craftsmen and craftswomen are the driving force behind our operations as they create top-of-the-line boats that enrich our customers’ lives and, in turn, enable our company to thrive. Our history of company vitality speaks for itself, where we’ve undertaken various investments in our manufacturing footprint like this one that have enabled revenue growth and employment opportunities year after year.”

Investing in American Manufacturing - 2023

This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.

Sponsored Recommendations

Arc Flash Prevention: What You Need to Know

March 28, 2024
Download to learn: how an arc flash forms and common causes, safety recommendations to help prevent arc flash exposure (including the use of lockout tagout and energy isolating...

Reduce engineering time by 50%

March 28, 2024
Learn how smart value chain applications are made possible by moving from manually-intensive CAD-based drafting packages to modern CAE software.

Filter Monitoring with Rittal's Blue e Air Conditioner

March 28, 2024
Steve Sullivan, Training Supervisor for Rittal North America, provides an overview of the filter monitoring capabilities of the Blue e line of industrial air conditioners.

Limitations of MERV Ratings for Dust Collector Filters

Feb. 23, 2024
It can be complicated and confusing to select the safest and most efficient dust collector filters for your facility. For the HVAC industry, MERV ratings are king. But MERV ratings...