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Manufacturing

Graham Corp. names new CFO  (access required)

Graham Corp. has named Christopher Thome as vice president of finance and chief financial officer, effective April 4.   Thome succeeds Jeffrey Glajch, who previously announced his retirement from Graham.  Thome joins Graham from Allied Motion Technologies Inc., where he ...

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Morelle: Rochester well positioned as tech hub; expect more pain at pump (access required)

Rep. Joe Morelle said he will push the Rochester region as the home for a government-supported regional technology and innovation hub as Congress looks to invigorate private sector growth with $6.8 billion in America COMPETES Act funding. But as the ...

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L3Harris weather instrument set to launch into space Tuesday   (access required)

L3Harris Technologies’ third high-resolution weather instrument is set to launch Tuesday onboard a National Oceanic and Atmospheric Administration satellite – strengthening the nation’s ability to monitor the environment and rapidly detect severe weather.    The L3Harris ABI instrument was built in ...

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Xerox rebrands equipment financing business (access required)

Xerox Holdings Corp. unveiled FITTLE, the new name for its equipment financing business, at its investor day earlier this week.   The name is derived from fit, representing the right choice through speed, quality and ease of transacting, the company announced ...

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Clean energy firm investing $2.7 million in local facility, adding up to 51 new jobs  (access required)

Vancouver-based clean energy technology firm Ionomr Innovations will establish its U.S. fuel cell and green hydrogen electrolysis research and development center in Brighton.   The company will renovate space at the Metro Business Park to create a customer applications test ...

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Little change in manufacturing activity across state, survey shows (access required)

Manufacturing activity was little changed in New York for a second consecutive month, according to the Federal Reserve Bank of New York’s Empire State Manufacturing February survey.   After falling to around zero last month, the general business conditions index edged ...

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$50 million expansion planned at Baldwin Richardson Foods (access required)

Baldwin Richardson Foods is investing $50 million to expand its manufacturing facilities in Wayne County.   The company plans to make necessary equipment, technology and construction investments at the facilities located in the towns of Macedon and Williamson to meet ...

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Moody’s downgrades Carestream as loan nears maturity (access required)

Moody’s Investors Service has downgraded Carestream Health’s rating outlook from stable to negative, fearful that the Rochester-based medical imaging systems company may have difficulty refinancing a $368 million loan that comes due in 2023. “The negative outlook primarily reflects elevated ...

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Staffing issues affect Graham Corp.’s third quarter results (access required)

Graham Corp. posted a third-quarter net loss of $3.7 million, or 27 cents per diluted share, with the Batavia Genesee County-based manufacturer taking a hit on contract labor costs to keep up with orders.   Sales for the quarter were ...

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APC offers sign-on bonuses for new employees (access required)

American Packaging Corp. is offering a $3,000 sign-on bonus for open positions.   The company will pay the bonus in two $1,500 increments. The first will be given at the completion of the first 90 days, and then again at ...

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Ultralife reports fourth quarter loss   (access required)

Ultralife Corp. reported a fourth-quarter loss Thursday as the Newark, Wayne power solutions, communications and electronics systems provider continued to deal with global supply chain challenges.  The company posted a net loss of $1.1 million, or seven cents a diluted share, compared to ...

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L3Harris awarded multimillion contract for radio systems  (access required)

The U.S. Marine Corps has awarded L3Harris Technologies a 10-year, $750 million contract for its multi-channel handheld and vehicular radio systems.  The family of manpack and handheld radios selected by the USMC have been broadly adopted by the U.S. Army, ...

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Xerox reports year-over-year drop in Q4 revenue (access required)

Xerox Holdings Corp. on Tuesday reported a drop in year-over-year fourth-quarter revenue as the business continued to deal with COVID-19-related challenges and global supply chain disruptions.   Xerox reported revenue of $1.78 billion, down 7.9 percent from revenue of $1.93 ...

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