Despite beating analyst expectations on the strength of iPhone sales for which it makes casings, manufacturing services firm Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., reported rough times for both its fourth quarter and fiscal year on Wednesday.
Nypro, of Clinton, opened a new 200,000-square-foot manufacturing facility in Devens on Thursday as the plastics manufacturer turns up the production of products for its health care-industry customers.
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, compared to net income of $50.1 million, or 24 cents a share, for the same period a year ago.
This year the Worcester Business Journal marks its 25th anniversary with a look back at major events over that time, this issue we look at Nypro's Russian joint venture in 1990.
Electronics manufacturing services firm Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., posted a second-quarter loss as revenue declined and restructuring costs impacted the bottom line.
Jabil Circuit, the Florida-based manufacturer that bought Nypro Inc. of Clinton earlier this year, reported an 11-percent jump in profits for its most recent quarter, the first full quarter in which Nypro operated under the Jabil banner.
Nypro has agreed to lease more than 205,000 feet of space in Devens at the former Evergreen Solar plant, according to real estate companies involved in the deal.