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Lehman’s growth follows H-D deal – October 16, 2006

October 16, 2006
Filed under Features

Fresh off a significant deal with Harley-Davidson, Lehman Trikes Inc. has announced a $1.5 million infrastructure project at its South Dakota facilities.
The project will allow Lehman to double its production capabilities at the Spearfish, S.D., facility, said Tim King, CFO at the company’s U.S. headquarters. Lehman, which does not disclose its annual manufacturing number, supplies approximately 100 dealers worldwide and 80 in the United States.
The new project, which was slated to begin in October, will expand the current manufacturing facility by 17,500 square feet. Besides creating additional manufacturing area, the company also will double its painting area, King said.The expansion plan also calls for the company to lease an 11,700 square foot building that is just two blocks away from the manufacturing plant. That building will become Lehman’s new technology center and be home to the administration and marketing department and an expanded engineering staff.
Along with the facility expansion, the company’s U.S. headquarters also is adding to its employee base. King said Lehman has added an additional 10 people to its employee base of 100 in the past two months. Once the expanded warehouse is completed, which could be as soon as February, Lehman could add from 20 to 60 more employees, King said.
All of this follows Lehman’s deal to supply trikes to Harley-Davidson dealers, a move King calls “a major milestone in the trike industry. “That adds not only what they’re going to produce (in sales), that also legitimizes the other brands we sell,” King said, referring to the Suzuki and Victory trikes that Lehman also manufactures. Lehman Trikes U.S.A. is a subsidiary of Lehman Trikes, Inc. of Alberta, Canada. psb

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