IPG Photonics of Oxford continued its financial roll as it posted a 22-percent increase in second-quarter revenue, fueled by continued strong demand for its high-power, fiber lasers for materials processing applications, the company said.
A late benefactor with a family history of support for The Barton Center for Diabetes Education in Oxford has left $300,000 to the center's campership endowment fund, the largest personal donation ever made to the fund.
Fiber-laser manufacturer IPG Photonics of Oxford continued its recent record of strong growth, with a 15-percent jump in first-quarter revenue and a 17-percent increase in profits, the company reported today.
The Patriot, a weekly newspaper serving Webster, Dudley and Oxford, will cease publication with its May 8 issue, according to announcement on its website. Its general manager and editor cited economic reasons in the decision.
IPG Photonics of Oxford has named three people to senior management roles as the growing manufacturer of fiber lasers aims to strengthen its global sales and marketing efforts.
IPG Photonics of Oxford continued to rake in revenue in 2012, reporting a 19-percent top-line gain for the year, and 17 percent for the fourth quarter.
Twenty-three Central Massachusetts companies are among those benefiting from $6.8 million in workforce training fund grants awarded by the Patrick administration.