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The City of Faribault, in partnership with the Minnesota Trade Office, welcomed Consul-General of Japan Naoki Ito to Faribault on Feb. 28 as part of his Grassroots Caravan Tour. This visit was particularly special given the recent announcement of a $40 million project from Daikin Applied, a Japanese-based industry with an existing presence in Faribault.
Through the Grassroots Caravan Tour to Faribault, the City was able to share the unique story which makes up Faribault’s global footprint. Global headquarters of Sage Electrochromic Glass – a division of Saint-Gobain (France), Faribault Foods – owned by La Costeña (Mexico), Daikin Applied (Japan), and Germany-based Aldi Distribution all find home in Faribault. Not only are these companies operating in Faribault, they continue to grow and invest in our community.
In 2017, Faribault Foods completed a $150 million project; Daikin will come online with its new $40 million factory next year; Aldi Distribution recently completed a 65,000-square-foot expansion; and SageGlass made a public announcement indicating it will bring an additional $14 million investment to its Faribault facility.
During Consul-General Ito’s visit, the group had an opportunity to tour Daikin’s exiting factory in Faribault, as well as SageGlass, to highlight the City’s niche in advanced manufacturing.
The visit from Counsel-General Ito enables the City to grow its unique story of foreign direct investment, and begin to narrow in efforts to attract additional investment.
“No foreign company wants to be the first someplace,” Director of Community and Economic Development Deanna Kuennen told the Faribault Daily News, “but the story we have to tell is not only would they not be the first, but we have four (foreign-owned companies) who are making these massive investment…”