GREENE – The largest employer and perhaps fastest-growing business in Chenango County, the Raymond Corporation, marks its 85th anniversary in the Village of Greene Saturday.
In 2000, the company brought in $500 million, and it has steadily grown since. In 2006, revenues were $730 million, and 2007 is expected to grow by another $30 million.
“I don’t know, but maybe by 2012, we’ll reach one billion. It depends on the market,” said James J. Malvaso, President and CEO.
Malvaso and Tatsuo Matsuura, president of Toyota Material Handling Group, USA and Executive Vice President of Toyota Industries Corporation, Raymond’s parent corporation, will mark the anniversary milestone and dedicate the 73,000 sq.ft. addition to the existing facility Saturday. Raymond is investing $16 million in the new addition and is continuing to integrate Toyota production systems.
Matsuura will present a globe as a gift to the Raymond Corporation honoring the Raymond-Toyota relationship in celebration of its 85 years of success. “It’s to recognize our expanding global relationships as the company continues to excel in international and domestic markets,” said Raymond Marketing Specialist Charlotte K. O’Dea.
The company employs over 1,000 at its Greene plant alone and over 2,400 worldwide. The Greene facility is 470,000 square feet, including the corporate headquarters, a research and development center and the production plant. The 73,000 sq. foot expansion is designed with the purpose of creating more room for their counterbalance assembly line and paint systems.
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