Oxford

Oxford laser manufacturer IPG Photonics reported a 112% increase in profits in the company’s third quarter, according to an earnings report released Tuesday. 

Valentin Gapontsev, founder, chairman, and former CEO of IPG Photonics in Oxford, has died at the age of 82, the company announced Monday morning.

Fueled by communities near I-495 and the Massachusetts Turnpike, the Central Massachusetts region grew 8.1% in population from 2010 to 2020, outpacing both the state (6.0%) and nation (6.5%), according to the U.S. Census Bureau’s Decennial Census of Population and Housing.

Central Massachusetts is home to a wide range of manufacturing companies, including healthcare, industrial, and technology. Here are the five largest manufacturers in the region when ranked by number of local employees, according to surveys completed by the WBJ Research Department.

People are on the move at Adcare Hospital, ERA Key Spencer, Savers Bank, and more.

People are on the move at Fidelity Bank, St. Mary's Credit Union, bankHometown and more.

Oxford laser manufacturer IPG Photonics reported a second quarter profit of $69.8 million in a report released on Tuesday.

Swissturn/USA, an Oxford-based Swiss screw machine manufacturer, has appointed Rick Laviolette as its new president.

A Connecticut contractor has been fined $67,250 for asbestos violations that occurred during the demolition of the infamous former Rox’s Nightclub in Oxford, the Massachusetts Department of Environmental Protection announced Thursday morning.

The founder and longtime leader of Oxford laser manufacturer IPG Photonics, Valentin Gapontsev, has stepped into an executive chairman role, as the company named its chief operating officer as his replacement as CEO.