ORLANDO, Fla. (BRAIN) — Recumbent trike maker Catrike plans to double the size of it Orlando production facility. Catrike will also increase its production staff, the company stated.
"Increased demand has led to us expanding our production capabilities," general manager Mark Egeland said. "Currently we have about 10,000 square feet, and we are going to double our production space. The additional volume will allow us to increase production, but also be more efficient and expand our use of lean manufacturing techniques. It is a significant investment, but one that will allow us to continue to deliver quality products to our dealers on time and in a cost-effective manner."
The company said its revenue grew by 25 percent in 2017. That growth was fueled in part by the launch last year of Catrike's full-suspension, folding Dumont model and the release this March of an updated version of the company's Road model, the company stated.
Catrike sells exclusively through IBDs, with a network of more than 200 dealers worldwide.
