The Minnesota Trade Office has selected Yanmar Compact Equipment North America (Yanmar CE NA), encompassing the Yanmar Compact Equipment and ASV brands, as a recipient of the 2022 Governor’s International Trade Award in the large company category. The award honors companies that have made foreign direct investments in Minnesota with a continued likelihood of growth. The award stems from Yanmar CE NA’s upcoming 32,000-sq.-ft. expansion project in Grand Rapids, Minn. Gov. Tim Walz presented the award to Yanmar CE NA President Tate Johnson on Dec. 14, 2022, at the InterContinental MSP in Minneapolis. A local event will be held to celebrate on Feb. 6, 2023.
“The ASV brand, which is now part of Yanmar, has been based in Minnesota since its start in 1983, and we are proud to have spread deep roots in Grand Rapids,” Johnson said. “We are honored to be a recipient of the Governor’s International Trade Award as a symbol of our investment in Minnesota. This period of growth within our company has created a positive effect on Minnesota’s economy, and we look forward to continued improvements for Yanmar CE NA with the acceptance of this award.”
Yanmar CE NA will break ground in the spring of 2023 on an expansion to its Grand Rapids facility. The project is estimated to be completed in the spring of 2024.