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Manufacturing & Engineering
Schumer: Defense-spending bill benefits Lockheed’s Owego site
OWEGO — The Owego plant of Lockheed Martin (NYSE: LMT) will benefit from more than $333 million in funding for the U.S. Air Force’s combat search and rescue (CSAR) helicopters. The funding, which is part of a $1.1 trillion spending bill that President Obama signed on Jan. 17, will create and sustain about 250 jobs […]
Veit to become sole owner of the Scotsman Press
SYRACUSE — The Scotsman Press, Inc., a Syracuse–based company that produces niche publications and offers commercial-printing services for other publications, will soon have local ownership. Badoud Enterprises, Inc., the Virginia–based owner of the Scotsman Press, on Dec. 17 signed an agreement to sell the company’s assets to William Veit, the firm’s president. Veit discussed the
Gear Motions acquires Buffalo firm
SOLVAY — Gear Motions, Inc., a Solvay–based gear manufacturer, recently announced its acquisition of Niagara Gear Corp. in Buffalo. Gear Motions didn’t disclose any financial
Rheonix expands for manufacturing, prepares product launch
ITHACA — Rheonix, Inc., an Ithaca–area-based developer of automated molecular-testing products, is working to complete a manufacturing build-out and preparing to launch its first commercial product later this year. “We’re on schedule to be up in a manufacturing mode in the beginning of the second quarter of this year,” says Tony Eisenhut, president of Rheonix.
Wolken: Cuomo’s tax-relief plan for manufacturers ‘significant’
DeWITT — The proposed state tax breaks for upstate manufacturers send a message that New York “is trying to turn the corner at being a high-tech state.” That’s according to Randall Wolken, president of the Manufacturers Association of Central New York. “This is significant tax relief if you’re a manufacturer,” Wolken said in a
i3 Electronics lays off 28 employees
ENDICOTT — i3 Electronics, Inc., the firm that acquired the former Endicott Interconnect Technologies last October, has announced the layoff of 28 employees. “This reduction
Otis Technology founder Garrett steps down from top job, Puzzuoli named new CEO
LYONS FALLS — Otis Technology, a Lewis County–based manufacturer of gun-cleaning kits, on Wednesday announced the appointment of Leonard Puzzuoli as CEO, effective Jan. 1.
Hardinge sells Swiss workholding business for nearly $6M
ELMIRA — Hardinge Inc. (NASDAQ: HDNG), a global manufacturer of metal-cutting tools, announced Thursday it has sold its Swiss Forkardt workholding operations for about $5.9 million,
Klein Steel Service names Zyra as president
Klein Steel Service Inc. — a Rochester–based steel-service center with a network of warehouses throughout upstate New York, including the Syracuse area — has named
Rheonix raises $14M for manufacturing and 2014 product launch
ITHACA — Rheonix, Inc., an Ithaca–based developer of automated molecular-testing products, today announced it has raised $14 million to complete a manufacturing build-out and to
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