Email Newsletters

IPG Photonics Corp.

IPG CEO, Treasury miss deadline to settle oligarch suit

IPG Photonics CEO Valentin Gapontsev and the U.S. Department of the Treasury, given until Friday to try to reach a resolution regarding Gapontsev’s name being included on a list of Russian oligarchs, apparently need more time. 

IPG CEO Gapontsev, Treasury request more time to settle oligarch lawsuit

IPG Photonics CEO Valentin Gapontsev and the U.S. Department of the Treasury are requesting more time to settle the department’s labeling of Gapontsev as a Russian oligarch. 

IPG plans $17M British manufacturing expansion

Oxford fiber laser manufacturer IPG Photonics will invest nearly $17 million to open a 50,000-square-foot manufacturing center in Coventry, England.

$45M Russian investment helped kickstart IPG’s Russian growth in 2010

IPG Photonics' growth in its CEO's home country of Russia has coincided with a $45 million investment in 2010 from a Russian government-backed business entity.
- Advertisement -

IPG Photonics profit down 48% in Q1

Oxford-based laser maker IPG Photonics saw first quarter profit decline 48% and revenues decline 12% year-over-year due to a challenging global economic picture.

Paying for growth: Tax breaks central to Central Mass. economic development

Communities have often used tax deals to help companies in what officials say is the most important tool they can use in economic development.

IPG Photonics loses $800M in value after preliminary Q3 financials fall short

The third quarter for Oxford-based IPG Photonics was even tougher than expected, as the company's preliminary financial results came in less than originally expected.

The Power 50: Valentin Gapontsev

Gapontsev founded IPG Photonics in 1990 and has since created more than 1,500 jobs in Worcester County, and hundreds more could be on the way, as the company is eyeing expansion projects at its Oxford headquarters and Marlborough location.
- Advertisement -

IPG Photonics to be listed on S&P 500

Just two weeks after Oxford-based IPG Photonics announced a 2017 revenue growth of 40 percent, Standard & Poor's Dow Jones Indices announced the company will join the S&P 500 Index.

IPG Photonics purchases 10 acres in Oxford

Oxford laser equipment manufacturer IPG Photonics has purchased 10 acres of land just four miles away from its current headquarters.
ADVERTISEMENT

Latest Stories

More Business News
ADVERTISEMENT

Thought Leadership

More Thought Leadership

Career Opportunities

Chief Financial Officer

The Girl Scouts of Central and Western Massachusetts
,
Worcester, MA
$125,000 - $135,000

Communications & Events Coordinator

Girls Inc. of Worcester
,
Worcester, MA
Hourly Rate: $24–$27.88/hr (based on experience)

Quality Engineer II – Columbia Tech

Columbia Tech
,
Westborough, MA
More Jobs | Submit a Job
More Events | Submit an Event

Get our email newsletter

Stay up-to-date on the companies, people and issues that impact businesses in Central Massachusetts.

Close the CTA