Yes, heard about it, seen an article in the Jan./Feb. issue of SnowTech magazine on page 18.
States in the article that the labor cost for Polaris will be 1/3 of what they pay now.
I had seen a while back in a newspaper article that a local WI company, Kapco, was working with Polaris to lease the Osceola facility which is some good news for that area.
Still don't like seeing the shift of jobs out of the U.S.
Here's the article on Kapco:
Kapco continues growth, adds plant in Osceola
By John Schmid of the Journal Sentinel
Dec. 2, 2010
Kapco Inc., a family-run metal fabrication and stamping company based in Grafton, acquired the metalworking operations in the western Wisconsin city of Osceola from Polaris Industries Inc.
The move, meant to add 50 jobs in Osceola, is part of a larger expansion at Kapco, which has been hiring almost continuously since 2009, Kapco President Jim Kacmarcik said.
"No offense, but not every company in the Midwest is struggling," said Kacmarcik, adding that the payroll in Grafton is 260.
"We added 50 jobs in 2009 and another 63 in 2010, and we're looking for about 30 more in Grafton currently," Kacmarcik said. "We've been growing throughout the drought," increasing revenue by about 20% a year, he said.
The privately held company declined to give its annual revenue but said it's operating with a profit.
It saw another chance to expand when it learned that Polaris, a Minnesota-based maker of all-terrain vehicles, snowmobiles and Victory motorcycles, announced plans this year to phase out production at its Osceola components factory.
Kapco will lease the Osceola plant, buy its equipment, and hire at least 50. The transaction automatically elevates Kapco to a Tier 1 supplier to Polaris even as it allows Kapco to seek other industrial customers in the nearby Twin Cities. When it made its announcement in May, Polaris said it had 515 full-time staff at its Osceola factory.
Raised in Wisconsin, Kacmarcik noted that he's keeping all his jobs in the state. Kacmarcik's father founded Kapco in 1972. It supplies metal components to Oshkosh Corp., Harley-Davidson Inc. and other companies. Asked why Kapco has grown while so many other machine-shops in the Midwest have struggled, Kacmarcik said it has a diversified base of clients.
He also drew attention to the company's culture, which offers a full slate of benefits, perks and community philanthropy. "The mission of Kapco Inc. is to employ dedicated, hard working and highly competent men and women in a never ending effort to become a premier metal stamping facility in the Midwest," according to the mission statement on the company's website.