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70 Worcester Business Journal | Book of Lists 2019 | wbjournal.com F O C U S M A N U F A C T U R I N G & T E C H N O L O G Y Largest local manufacturers Ranked by number of local employees as of March Name No. of local employees Annual revenue Products Head of company Year founded 1 Dell Technologies (EMC Corp.) 176 South St., Hopkinton 01748 508-435-1000 • www.delltechnologies.com 8,800 statewide $90,600,000,000 IT hardware, software, solutions and services Michael Dell chairman & CEO 1979 (EMC); 1984 (Dell) 2 IPG Photonics Corp. 50 Old Webster Road, Oxford 01540 508-373-1100 • www.ipgphotonics.com 1,750 $1,460,000,000 Fiber lasers Valentin Gapontsev CEO & founder 1990 3 Boston Scientific Corp. 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • www.bostonscientific.com ~1,700 (a) $9,823,000,000 Medical devices Michael F. Mahoney president & CEO 1979 4 Waters Corp. 34 Maple St., Milford 01757 508-482-2000 • www.waters.com 1,506 $2,419,929,000 Analytical science technologies Christopher J. O'Connell chairman, president & CEO 1958 5 Saint-Gobain 1 New Bond St., Worcester 01606 508-795-5000 • www.saint-gobain.com 1,500 $49,400,000 (b) Abrasives, industrial ceramics and plastics manufacturing Pierre-Andre de Chalendar president & CEO 1885 (c) 6 Hologic Inc. 250 Campus Drive, Marlborough 01752 508-263-2900 • www.hologic.com 1,245 (a) $3,217,900,000 Medical devices Stephen P. MacMillan president & CEO 1985 7 Metso Automation USA Inc. 44 Bowditch Drive, Shrewsbury 01545 508-852-0200 • www.metso.com 1,200 (d) DND Manufacturing for mining, aggregates, recycling, oil, gas, pulp, paper and process industries John Quinlivan president, Metso Flow Control 1950 8 Bose Corp. The Mountain, Framingham 01701 508-879-7330 • www.bose.com ~1,000 (e) DND Audio technology Phil Hess CEO 1964 8 Raytheon Co. 1001 Boston Post Road East, Marlborough 01752 508-490-1000 • www.raytheon.com ~1,000 (e) $27,058,000,000 Aerospace and defense Thomas A. Kennedy CEO 1922 10 KARL STORZ Endovision Inc. 91 Carpenter Hill Road, Charlton 01507 508-248-9011 • www.karlstorz.com 850 DND Endoscopes, medical instruments and devices Bruce Watkins general manager 1989 10 Nypro, a Jabil Co. 101 Union St., Clinton 01510 978-365-9721 • www.nypro.com 850 DND Medical devices Steve Borges executive vice president & CEO Nypro Healthcare 1955 12 Bristol-Myers Squibb Co. 38 Jackson Road, Devens 01434 978-784-6001 • www.bms.com 798 $22,500,000,000 Diversified specialty biopharmaceuticals for oncology, cardiovascular, immunoscience and fibrosis Giovanni Caforio CEO 1858 13 Polar Beverages 1001 Southbridge St., Worcester 01610 508-753-4300 • www.polarbev.com 725 $470,000,000 Soft drinks Ralph D. Crowley CEO & president 1882 14 Johnson Controls (f) 50 Technology Drive, Westminster 01441 978-731-2500 • www.jci.com 700 $31,000,000,000 Intelligent building technologies, systems and controls George R. Oliver chairman & CEO 1894 (g) 15 The L.S. Starrett Co. 121 Crescent St., Athol 01331 978-249-3551 • www.starrett.com 600 $216,328,000 Precision tools Francis J. O'Brien treasurer & CFO 1880 16 FLEXcon (h) 1 FLEXcon Industrial Park, Spencer 01562 508-885-8200 • www.flexcon.com 573 $300,000,000 Films and adhesives Neil McDonough CEO Lavon Winkler president 1956 17 Philips Lifeline 111 Lawrence St., Framingham 01701 800-380-3111 • www.lifelinesys.com ~544 (d) DND Monitoring systems Frans van Houten president & CEO, Phillips N.V. 1974 18 Columbia Tech, a Coghlin Co. 27 Otis St., Westborough 01581 508-753-2354 • www.columbiatech.com 500 DND Product development and manufacturing for capital equipment innovators Christopher Coghlin president & CEO 1885 (i) IPG Photonics has embarked on an aggressive worldwide facility expansion since 2016 including the acquisition of seven properties in Oxford and Marlborough for a combined $75.5 million. The manufacturer of fiber lasers is spending $70 million to expand its Oxford headquarters by about 600,000 square feet of office and parking garage space. A vacant facility next door was acquired last year for $26 million. IPG Photonics purchased a 107,000-square-foot facility in Marlborough for $21 million with plans to occupy the entire space once current leases expire. In its annual report in March, the company said it is planning 800,000 square feet of global expansions this year, including a $17-million project in the U.K. These expansions come as the company's stock price and reputa - tion are taking a hit thanks to actions by the U.S. government. For about a year, the compa- ny's stock price has hinged on the state of U.S. trade relations with China and President Donald Trump's reliance on tariffs to force China to the negotiating table. Those tariffs and China's coun - ter tariffs have hurt IPG's business in China and caused the compa- ny's share price to fall about 36% since last June. In court filings, the company said it is losing revenue and busi- ness because CEO Valentin Gapontsev is listed as a Russian oligarch by the U.S. Department of the Treasury. Gapontsev and the company are suing the department and are currently in mediation. Gapontsev, a Worcester resi - dent, claims he has no ties to the Russian government, but the com- pany does maintain a large pres- ence in Russia and other eastern European countries. - Zachary Comeau IPG grows amid uncertainty Valentin Gapontsev