True Temper Investing in Manufacturing Ops

 

At present, the plant can produce approximately 100,000 golf shafts per day.

In an effort to supplement the growth, Scott Hennessy, CEO of True Temper, says the Memphis-based company has hired about 160 employees since last fall, following a brief period surrounding Chapter 11 bankruptcy while implementing a financial restructuring plan as well as a return to private ownership.

According to Hennessy, the upgrades will increase production by nearly 25% to handle, in part, growth in international demand. The company expects international sales in 2010 to contribute more than half of the company’s revenue for the first time in its history.  Most of that business is coming from Asia, mainly China and South Korea, which are building new golf courses.

True Temper Sports is preparing to invest approximately $10 million — its largest capital investment in the last five years — to expand manufacturing capacity of its worldwide operations. Up to 40% of that investment will go to improve its factory in Amory, MS, where the company makes golf shafts, lacrosse sticks, and batons. At present, the plant can produce approximately 100,000 golf shafts per day.
In an effort to supplement the growth, Scott Hennessy, CEO of True Temper, says the Memphis-based company has hired about 160 employees since last fall, following a brief period surrounding Chapter 11 bankruptcy while implementing a financial restructuring plan as well as a return to private ownership.

According to Hennessy, the upgrades will increase production by nearly 25% to handle, in part, growth in international demand. The company expects international sales in 2010 to contribute more than half of the company’s revenue for the first time in its history.  Most of that business is coming from Asia, mainly China and South Korea, which are building new golf courses.