Raymond marks milestone

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.

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