Stellican Plans Indian Return
October 4, 2005
Filed under Uncategorized
Stellican Limited, the London-based private equity firm that acquired the trademarks and related intellectual property of Indian Motorcycle Company in July 2004, has plans to begin producing motorcycles in 2006.
“We're pleased to report continued progress toward our goal of commencing production in the second half of 2006,” David P. Wright, president of Indian Motorcycle Company, wrote recently at www.indianmotorcycle.com. “We continue to develop relationships with our supply base and we are developing our core team.”
Stellican's first step is to select a location for a manufacturing facility. “Selecting a location is a complex task, as there are many variables in the equation,” he wrote. “We are presently focused on the Southeast states, as we believe they generally have more aggressive incentives, are closer to suppliers, have attractive wage rates and labor availability and quality, etc.”
He said he plans to have a permanent location for Indian selected by the end of 2005 or early 2006.