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Manufacturing

CEO finds booming demand for products

Some might consider William Hurley’s biggest issue-managing the pace of his firm’s growth-a good one to have to tackle. Since he started Rochester Precision Optics out of the ashes of an Eastman Kodak Co. operation four years ago, sales have ...

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Graham pumps capital into plant upgrades

Graham Corp. has reduced its local work force over the past year by more than 40 people and is pumping money into capital improvements to make the Batavia-based business more efficient. The firm will spend an estimated $800,000 to $1 ...

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Garlock parent tops Street earnings expectations

Fourth-quarter sales fell at North Carolina-based EnPro Industries Inc., the parent company of Garlock Sealing Technologies LLC in Palmyra, Wayne County, due to weaker markets, EnPro said. But the company beat Street estimates for its earnings, excluding special items.

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Kraft Foods doesn’t plan layoffs here, Schumer says

Kraft Foods Inc. CEO Irene Rosenfeld has promised no layoffs at the company’s New York plants, including its facility in Avon, Livingston County, as a result of its $19 billion takeover of Cadbury PLC, U.S. Sen. Charles Schumer said Wednesday.

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Xerox’s credit rating cut

Standard & Poor's Ratings Services said Tuesday it has lowered its corporate credit rating on Xerox Corp. to 'BBB-' from 'BBB.'

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New leader at Garlock details plans

Expanding its presence here and abroad through acquisitions is one way Garlock Sealing Technologies LLC plans to remain competitive in the industry, its top leader said. President Dale Herold said the firm, which is based in Palmyra, Wayne County, acquired ...

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HTR to pilot manufacturing program

A new daylong seminar open to Rochester area manufacturers and sponsored by High Technology Rochester Inc. is aimed at getting companies to cut costs while growing profits.

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ITT Corp. posts rise in profit

ITT Corp.’s Rochester-based Space System divison reported an increase in fourth-quarter and year-end sales Wednesday.

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Acquisition boosts RF’s capabilities

Harris Corp., the parent company of Rochester-based RF Communications, has acquired the technology assets of Canada-based OSI Geospatial Inc.’s land-based, situational awareness business.

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Kodak expands manufacturing in China

Eastman Kodak Co. is opening a second production line in China to meet growing demand for its printing plates in that nation and the Asia Pacific region.

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Kodak shares jump after trouncing Street expectations

Shares of Eastman Kodak Co. stock surged some 18 percent at midday Thursday after the company delivered a big fourth quarter. It posted a strong profit, its first after four quarters of losses, and higher revenues—easily beating Street expectations.

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