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The Smaller Business Association of New England has announced additional funding for its Manufacturing Matching Grant Program, an initiative designed to provide funds for high-powered consulting expertise to small and medium-sized manufacturers.
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By PBN Staff
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Dustin Hoffman’s character in “The Graduate” may not have dedicated his life to plastics, but it worked out well for William Murray, the Lincoln native named president of Teknor Apex Co. last month. If the world is going to continue to rely on plastics in the future, the Pawtucket polymer technology company and leading U.S. maker of garden hoses is working on the compounds of the future.
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By Patrick Anderson |
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“Faster. Better. Cheaper.”
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1/14/13
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While unlikely to ever make a dent in Rhode Island’s stubbornly high unemployment rate, there is a feel-good vibe being built by the growing number of custom-bicycle fabricators in Providence.
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11/26/12
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Iconic toy- and game-maker Hasbro Inc. has formed a collaboration with World Trade Jewelers to create and distribute jewelry designs replicating some of Hasbro’s products.
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By PBN Staff
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The heyday of 109-year-old watch-and-watchband-brand Speidel was the skinny-tie era of the 1950s and 1960s, when the company employed hundreds in its Providence Jewelry District plant.
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By Patrick Anderson |
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It’s a strange and wonderful time at Electric Boat. While most of the American defense sector contracts under federal budget cuts, the Groton, Conn.-based submarine builder is starting its largest expansion in a generation. At the company’s North Kingstown plant, Electric Boat is scaling up from 2,500 workers to potentially twice that number over the next eight years to develop the nation’s next ballistic-missile submarine. After years of cutbacks at Electric Boat, President Kevin J. Poitras is drawing on his 40 years of experience, which included the submarine arms race against the Soviet Union, to manage this new growth period.
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By Patrick Anderson |
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Despite taking a $6.4 million pre-tax loss from the retirement of debt, Nortek Inc., the maker of residential and commercial building products, posted net income of $9.5 million in 2012, reversing its loss of $55.9 million in the previous year.
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By PBN Staff
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Raytheon Co., a Massachusetts-based defense contractor with a Rhode Island production facility, has put almost 900 air-to-air missiles for U.S. and allied air forces in storage because they’re missing a major component – motors, Bloomberg News reported last week.
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12/31/12
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White Plains, N.Y.-based Handy & Harman Ltd.’s subsidiary Lucas-Milhaupt Inc. has acquired the assets of Wolverine Joining Technologies, the companies announced Monday.
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By PBN Staff
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