Governor Hochul Announces the Raymond Corporation and Toyota Material Handling Open Energy Solutions Manufacturing Center of Excellence in Broome County

URLhttps://www.governor.ny.gov/news/governor-hochul-a
SourceGovernor NY
Date Published09/09/2024

Additional Reshoring Information:

Company/Division name Raymond Corporation
Parent companyToyota Motor Corporation
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):45
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):15.6
Country(ies) from which reshored:Japan
City reshored to:Kirkwood
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredtruck lift, battery packs
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Proximity to customers/market
Government Incentive dollar amount:1
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