RAYMOND RECOGNIZED AS 2018 MANUFACTURING LEADERSHIP AWARD WINNER

GREENE, N.Y., June 14, 2018 — Chosen from an esteemed group of global manufacturing leaders, The Raymond Corporation was named a 2018 Frost & Sullivan Manufacturing Leadership Award winner in the Operational Excellence Leadership Award category.

Raymond was selected for an Operational Excellence Leadership award for its work implementing the Toyota Production System (TPS) at its Greene, New York, facility and for the company's longstanding commitment to improved quality and superior performance.

For the last 11 years, Raymond has focused significantly on using TPS at its Greene plant. A significant output Raymond has seen from TPS is the improved product quality cost per unit, which also provides cost benefits for its customers. To further drive its operational excellence initiatives, integrating TPS lean principles has been a key factor in allowing Raymond to maximize its — and its customers' — operations, helping eliminate wasted time and resources, build quality into workplace systems and foster a culture for learning.

"We are always thinking of ways to improve not only our business but also our customers to run better and manage smarter with innovation, quality and service at the forefront," said Rick Harrington, senior vice president of operations, Raymond. "We are honored that Frost & Sullivan's Manufacturing Leadership Council recognized our efforts to continually strive for operational excellence."

Raymond was recognized at the Manufacturing Leadership Awards Gala, held on June 13, 2018, at the Hyatt Regency Huntington Beach Resort and Spa in Huntington Beach, California. Raymond received the Operational Excellence Leadership Award in 2015, and its forklift fleet management system, iWAREHOUSE®, won the New Smart Product Leadership category in 2017.

Frost & Sullivan Manufacturing Leadership Awards honor manufacturing companies and individual manufacturing leaders that are shaping the future of global manufacturing. Winning projects and individual manufacturing leaders are chosen by a panel of expert judges for results that have delivered clear and compelling value, return on investment and other tangible outcomes.

To learn more about the 2018 Manufacturing Leadership Award winners, visit http://mlawards.gilcommunity.com/. To learn more about The Raymond Corporation, visit www.raymondcorp.com or call 800-235-7200.

About The Raymond Corporation
For more than 95 years, The Raymond Corporation has built a reputation on innovation, quality and service. Raymond manual and electric forklifts meet a variety of material handling needs and offer advanced end-to-end warehouse solutions that enable operations to run better and manage smarter. This philosophy helps ensure Raymond and its customers are always evolving, always running, always moving ahead — and always on. The portfolio of advanced offerings includes the iWAREHOUSE® fleet management and warehouse optimization system; automated lift truck solutions for the warehouse of the future; and the Raymond Virtual Reality Simulator, a supplemental instructional tool that helps customers improve their operations and meet industry labor demands. Raymond also provides industry-leading customer support through a network of skilled technicians and its authorized Sales and Service Centers. Raymond's work in energy savings, space utilization, ergonomics, manufacturing quality and fleet optimization — combined with best-in-class products and services — work together to increase efficiency and lower costs throughout material handling operations.

####

iWAREHOUSE® and Raymond® are U.S. trademarks of The Raymond Corporation.

2018 The Raymond Corporation. All rights reserved.

More Info: http://mlawards.gilcommunity.com/