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Manufacturing

Revenue, sales spike for IPG

Michael Novinson |

Sales climbed 14 percent and profits grew 16 percent during the second quarter for fiber-laser maker IPG Photonics of Oxford.

Saint-Gobain halts Devens operations

Emily Micucci |

After announcing two years ago it would expand to Devens, French multinational materials company Saint-Gobain has ceased operations there, according to a company official.

Waters announces acquisition, reports good earnings

Michael Novinson |

Waters Corp. announced strong earnings and the acquisition of virtually all the assets of a Hungarian technology company, the Milford company reported Tuesday.

Southborough manufacturer extends lease

The 40-year-old Southborough-based Webco Engineering has signed a lease extension Wednesday for its headquarters at 155 Northborough Rd.

Worcester brewery tops U.S. Open contest

Wormtown Brewery of Worcester has been named grand national champion of this year’s United States Open Beer Championship, a contest in which brewers vie for honors in 81 different categories.

Precision Optics gains $1M from stock offering

Rick Saia |

Precision Optics of Gardner has received more than $1 million from a recent agreement to sell stock, the manufacturer of optical instruments announced.

Siemens to supply equipment for Dubai firm

Rick Saia |

Siemens Metals Technologies, which has operations in Worcester, has received an order from a Georgia firm to supply an aluminum rod system for a wire and cable manufacturer in the Middle Eastern...

Sevcon announces $10M rights offering

Michael Novinson |

Southborough-based Sevcon Inc. announced plans Friday to raise $10 million through a rights offering to current stockholders.

Jabil revenues dip as profit swells

John Agoglia |

Manufacturing services firm Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., reported net income of $188.3 million, or 93 cents a share, for the three months ending May 31,...

Ayer manufacturer will boost production with loans

Emily Micucci |

Ayer-based Optometrics Corp. has received a $300,000 equipment loan from MassDevelopment, the state's finance and development agency.

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