10/7/2023 0 Comments Hyster yale forkliftcapacity electric counterbalance lift truck to a certified RICO EX model. (RICO) has aligned with Hyster-Yale Group, Inc. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.įor more information on Hyster-Yale, visit A detailed community profile for Madison County can be viewed here.Medina, Ohio-ApWith more than 30 years of experience and expertise in the Explosion Proof (EX) lift truck market, RICO Manufacturing, Inc. In addition, Hyster-Yale can receive resources from the Kentucky Skills Network. KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved Hyster-Yale for up to $600,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). I am glad the city played a part in helping with this project.” “I think this expansion shows their intention to stay here for years to come. “Hyster-Yale has been a good corporate citizen for several decades and has supplied good jobs to our citizens,” Davis said. Jim Davis, chair of the Economic Development Committee within Berea’s city council, said the company is a great fit for the community. “As of last August, Hyster-Yale drew employees who reside in 20 different Kentucky counties, most to them south and east of Berea, making Hyster-Yale a regional employer. They have a history of being a great corporate citizen and partner. Additionally, their investment in Berea demonstrates their commitment to the city of Berea, the Berea plant and the employees of the Berea plant. As they enter into the expansion process, we look forward to seeing Hyster-Yale continue to grow. We are also very appreciative of the Cabinet for Economic Development’s ongoing support for this project, and are hopeful to see additional investment in the near future.” “We are very pleased with Hyster-Yale’s decision to expand the Berea plant. Hyster-Yale has been a strong and consistent employer, not only for Berea, but for all of Madison County and surrounding counties since the early 1970s,” Mayor Fraley said. I would like to thank Hyster-Yale for continuing to choose this city to conduct their business.”īerea Mayor Bruce Fraley said he hopes this is the start of continued investment for the company in Berea. “It is hard to overstate the impact the company’s growth will have on our community. “This expansion is tremendous news for Berea,” Carpenter said. Jared Carpenter, R-Berea, thanked the company for its commitment to the local workforce. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). The company’s subsidiaries include Nuvera Fuel Cells LLC, an alternative-power technology company focused on fuel-cell stacks and engines, and Bolzoni S.p.A., a global producer of attachments, forks and lift tables under the Bolzoni, Auramo and Meyer brand names. The consolidated Hyster-Yale business has since grown to become an international company that shipped over 100,000 units globally in 2018, and currently employs approximately 7,900 people worldwide. Hyster-Yale opened its Berea facility in 1973 with annual production of approximately 5,000 trucks. “We appreciate the state of Kentucky working with us on this project, and we look forward to the initial phase of our manufacturing expansion in Berea becoming a reality.” “To maintain a competitive position in an evolving global market, our organization must adapt and constantly evaluate new projects and investments,” said Rodney Wilson, director of manufacturing – Americas for Hyster-Yale Group. which will increase the size of the operation and greatly increase its manufacturing capacity. expansion of its facility on Menelaus Road in Berea, Ky. Hyster-Yale recently celebrated the groundbreaking for the 160,000-s.f. “Their investment affirms Kentucky’s status as America’s engineering and manufacturing hub of excellence, and we look forward to Hyster-Yale’s continued growth here in the commonwealth.” “Hyster-Yale has been a strong economic partner in Madison County, and we are excited to see the company build upon its impressive track record of success,” Gov. Forklift manufacturer Hyster-Yale Group will invest $25.7 million on an expansion in Berea to greatly boost capacity at the facility.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |