Company/Division name | Raymond Corporation |
Parent company | Toyota 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) reshored | truck 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 |