ASV Announces Facility Expansion

Posted on March 23, 2006

ASV, Inc. said it plans to expand its Grand Rapids, Minn. manufacturing facility, roughly doubling the size of its current machine production facility with a 120,000 sq. ft. addition. ASV designs, manufactures and sells rubber track loaders and related accessories, attachments and traction products.

Construction on the expansion is expected to begin in the second quarter of 2006, with completion targeted for late 2006. The estimated cost to construct and equip the facility addition is expected to be in the range of $5.0 to $5.5 million.