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Area Development - Site Selection, Facility Planning and Workforce Development

Raymond Corporation-Toyota Material Handling Expands Kirkwood, New York, Operations

09/11/2024
The Raymond Corporation and Toyota Material Handling plan to expand its manufacturing operations in Kirkwood, New York. The approximately $15.6 million project is expected to create 45 jobs.

The investment will include the repurposing of an existing building that will enable Raymond to develop a more diverse portfolio of energy solutions as industry demand for electric products continues to grow. Operations are scheduled for 2025.

“This grand opening marks a significant milestone in our company’s journey,” said The Raymond Corporation President and CEO Michael Fiel. “But more importantly, it represents our commitment to the future by bringing jobs, growth and opportunity to advance the community and the material handling industry, and by offering our customers with superior energy solutions to fit their unique needs.”

To support the project Empire State Development is providing up to $1 million through the performance-based Excelsior Jobs Tax Credit program.

“Expanding New York State’s green economy is a top priority for Governor Kathy Hochul and for ESD,” noted Empire State Development President, CEO & Commissioner Hope Knight. “We’re proud to support Raymond Corporation’s commitment to driving alternative energy applications in the lift truck manufacturing industry and thrilled that this century-old Southern Tier company is continuing to create economic opportunities and quality jobs throughout the region.”

The Raymond Corporation, a member of the Toyota Industries family of companies, is a global provider of best-in-class material handling products and intelligent intralogistics solutions.

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