TULSA, Okla., May 28, 2020 /PRNewswire/ -- The City of Tulsa, Mayor G.T. Bynum and IC Bus announced that a new
20-year agreement has been reached to keep the IC Bus school bus
manufacturing facility at Tulsa
International Airport. The new agreement builds on the City's
efforts to grow and expand its economic base of manufacturing
operations.
"This agreement establishes a win-win partnership between the
City of Tulsa and IC Bus for
decades to come," Tulsa Mayor
G.T. Bynum said. "The industry
leader in school bus manufacturing will have a home to build
products that are trusted all around the world, while local jobs
are secured and the taxpayers' facility is properly maintained for
the long term. I am excited for the future of IC Bus in
Tulsa."
The nearly mile-long, 1-million-square-foot plant is the world's
leading producer of school buses. Bus production is currently at
its peak, and approximately 75 vehicles are typically produced
daily.
"We'd like to thank Mayor Bynum for his personal involvement in
resolving these negotiations," said Phil Christman, president of Operations for
Navistar International Corporation (NYSE: NAV), the parent company
of IC Bus. "Thanks to his leadership, we have a decades-long
framework to stay, invest and grow the IC Bus plant and our supply
chain in Tulsa and the state of Oklahoma. Tulsa is a great community with a talented
workforce. We're very pleased to be remaining in Tulsa, and look forward to keeping it what it
is today – the school bus capital of the world."
Mayor Bynum's agreement with IC Bus retains the following
economic benefits in Tulsa for
years to come:
- More than 1,600 men and women have careers manufacturing and
assembling the safest, most technologically advanced school buses
ever made.
- Manufacturing jobs provide economic opportunity and stable
careers for Tulsa families, and
the IC Bus plant provides annual direct income of more than
$60 million annually. The average
team member has worked at the plant for 6.5 years.
- The IC Bus plant spends $750
million each year on vendors and suppliers, including more
than 100 Oklahoma-based businesses.
- An IC Bus supplier, IMMI, is building a 45,000-square-foot
greenfield manufacturing plant, specializing in the manufacturing
of seating systems, in Tulsa to
support the assembly of school buses at the IC Bus Plant.
- The new lease prioritizes current and long-term investments in
plant maintenance and improvements and creates an automatic process
for establishing a multi-year investment program every 5-years of
the lease.
About the City of
Tulsa:
Tulsa is the
second largest city in Oklahoma,
with a population of over 400,000. Tulsa has developed a widely diversified
business base which includes nationally prominent companies in
aviation and aerospace, telecommunications, data processing,
manufacturing and distribution among several job sectors.
Tulsa is known to have the best of
big-city amenities balanced with low cost of living and high
quality of life with its world-class parks, museums, and music
along with great shopping and food experiences. The City of Tulsa government has approximately
3,700 employees and handles a wide range of services and operations
for Tulsa residents.
About Navistar:
Navistar International Corporation
(NYSE: NAV) is a holding company whose subsidiaries and affiliates
produce International® brand commercial trucks,
proprietary diesel engines, and IC Bus® brand school and
commercial buses. An affiliate also provides truck and diesel
engine service parts. Another affiliate offers financing services.
Additional information is available at www.Navistar.com.
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SOURCE Navistar International Corporation