Manufacturing
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Summer Infant post loss despite sales growth in 2012
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $65.6 million, or $3.68 per diluted share, in 2012, compared with a profit of $3.8 million, or 21 cents per diluted share, in 2011. more
| 3/13/13
Owner of Yankee Candle prepares to sell
The Yankee Candle Co., the largest producer of scented candles in the United States, is currently in the preliminary stages of sale by owner Madison Dearborn Partners, the Reuters News Agency reported Monday. more
| 3/12/13
Israel poised for R.I. exports, expert says
Israel remains the Middle Eastern country most primed for U.S. exports and Rhode Island companies wanting to get in on overseas trading should seize any opportunity to do so, advises Atid EDI Ltd., a Jerusalem-based firm that specializes in market research and trade development for the Middle East region. more
Avtech joins national coalition to stop IP, IT theft
Warren-based technology manufacturer Avtech Software Inc. is the latest Rhode Island company to join the National Alliance for Jobs and Innovation, a non-partisan organization designed to increase awareness about stolen intellectual property and the subsequent negative impact on jobs, innovation and economic growth. more
| 3/8/13
Hasbro retains sustainable printing label at Mass. facility
As part of Hasbro Inc.’s corporate responsibility strategy, one of its Massachusetts-based facilities has been “green” printing re-certified for a third consecutive year. more
Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Machinery order gains show U.S. companies to grow
Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity. more
Bloomberg News | 3/4/13
Challenging giants in team apparel
The Internet has found local team-sports apparel. Long the domain of neighborhood sporting-goods shops or mom-and-pop screen printers, sales of uniforms and clothing for small teams – from Little League to corporate softball and high school wrestling – are migrating online like so many other consumer products. more

By Patrick Anderson
PBN Staff Writer | 3/4/13

Summer Infant refinances credit facility
Juvenile health, safety and wellness product maker Summer Infant Inc. has secured an $80 million asset-based revolving credit facility with Bank of America Corp. more
| 3/1/13
Manufacturing in U.S. grew in Feb. by most since June ‘11
Manufacturing in the U.S. expanded at a faster pace than forecast in February, reaching the highest level since June 2011 as factories boosted production to meet greater demand. more
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