Storied World-Class Lift Truck Manufacturer Has Commenced Operations at Expanded Facility in the Town of Kirkwood; Commits to Creating up to 45 New Jobs
Continued New York State and Federal Investments Complement “Southern Tier Soaring” - The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy Focusing on the Advanced Storage Energy Industry
Photo of Energy Solutions Manufacturing Center of Excellence
Governor Kathy Hochul announced today that world-renowned lift truck manufacturer, The Raymond Corporation and Toyota Material Handling, two companies within Toyota Material Handling North America, are officially growing their operations in the Southern Tier. The Raymond Corporation is repurposing an existing building located on Corporate Drive in the Town of Kirkwood, establishing the Energy Solutions Manufacturing Center of Excellence that will enable Raymond and its parent company to develop a more diverse portfolio of energy solutions as industry demand for electric products continues to grow. The new facility will continue to support its longstanding presence in New York State and its ‘green’ product line via the assembly of advanced energy solutions, including lithium-ion battery packs used in Raymond lift trucks. As a result of the expansion, The Raymond Corporation has committed to creating up to 45 new jobs. The company has begun the process of renovating, equipping and operating at this facility and expects to be fully operational sometime in 2025. This announcement builds on the significant work being done in New York State and the Southern Tier in the energy storage and advanced battery industries.
“It is through transformative projects like The Raymond Corporation’s Energy Solutions Manufacturing Center of Excellence that we are ensuring that the Southern Tier region, and in fact all of New York State, are at the cutting edge of manufacturing and innovation,” Governor Hochul said. “Together with our federal partners we are working to make certain that New York State is the global leader in the next-generation battery innovation industry.”
Empire State Development is assisting the company with the project by providing up to $1 million through the performance-based Excelsior Jobs Tax Credit program. The total project cost has been placed at a little more than $15.6 million.