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18 Worcester Business Journal | April 1, 2024 | wbjournal.com Largest manufacturers Ranked by number of local employees Manufacturer Local employees/ statewide/ worldwide Products/ 2023 revenue Chief executive(s)/ year founded 1 Dell Technologies 176 South St., Hopkinton 01748 508-435-1000 • delltechnologies.com 5,000 (1) N/A N/A IT hardware, software, solutions and services $102.3 billion (2) Michael S. Dell chairman & CEO 1984 2 Boston Scientific Corp. (3) 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • bostonscientific.com 2,800 2,800 48,000 Medical devices $14.2 billion Michael F. Mahoney president 1979 3 IPG Photonics Corp. 50 Old Webster Road, Oxford 01540 508-373-1100 • IPGPhotonics.com 1,840 1,840 6,480 Fiber lasers for materials processing, microprocessing, medical applications, scientific research and telecom $1.3 billion Eugene Scherbakov CEO 1990 4 Waters Corp. 34 Maple St., Milford 01757 508-482-2000 • waters.com 1,800 N/A 8,000 Chromatography, mass spectrometry, thermal analysis instruments and software $1.9 billion Udit Batra president & CEO 1958 5 Bose Corp. The Mountain, Framingham 01701 508-879-7330 • bose.com 1,500 (4) N/A 6,000 (4) Audio solutions for the home, on-the-go and in the car N/A Lila Snyder CEO 1964 5 Bristol Myers Squibb 38 Jackson Road, Devens 01434 978-784-6001 • bms.com 1,500 N/A 34,000 Medicines for oncology, hematology, immunology, cardiovascular, fibrosis and neuroscience $45 billion Christopher Boerner CEO 1887 7 RTX Corp. (5) 1001 Boston Post Road East, Marlborough 01752 781-522-3000 • rtx.com 1,000 (6) N/A 185,000 National defense and commercial aerospace technologies $68.9 billion Gregory J. Hayes CEO 2020 7 Saint-Gobain 1 New Bond St., Worcester 01606 508-795-5000 • saint-gobain-northamerica.com 1,000 N/A 168,000 Abrasives, industrial ceramics and plastics $52.1 billion (7) Benoit Bazin CEO 1885 9 AIS 25 Tucker Drive, Leominster 01453 978-562-7500 • ais-inc.com 850 850 925 Interior office furniture for all areas of an organization N/A Nick Haritos president & CEO 1989 10 Hologic Inc. 250 Campus Drive, Marlborough 01752 508-263-2900 • hologic.com 766 (4) N/A 6,944 (4) Medical devices $4 billion (8) Stephen P. MacMillan chairman, president & CEO 1985 11 Columbia Tech, a Coghlin Co. 27 Otis St., Westborough 01581 508-753-2354 • columbiatech.com 750 N/A 900 Product development, manufacturing, global fulfillment and aftermarket services N/A Chris Coghlin president & CEO 1992 11 Polar Beverages 1001 Southbridge St., Worcester 01610 508-753-4300 • polarbev.com 750 1,100 2,300 Soft drinks $1 billion Ralph D. Crowley Jr. president & CEO 1882 13 Flexcon Co. Inc. 1 Flexcon Industrial Park, Spencer 01562 508-885-8200 • flexcon.com 600 N/A 1,000 Coatings, film laminations and functional technologies for health care, sustainable packaging, transportation, consumer durables, electronics, industrial, retail, advertising, construction and energy N/A Aimee Peacock president, North America 1956 14 Cognex Corp. 1 Vision Drive, Natick 01760 508-650-3000 • cognex.com 554 554 2,992 Machine vision systems and ID readers for industrial automation and logistics $838 million Robert Willett president & CEO 1981 15 KARL STORZ Endovision Inc. 91 Carpenter Hill Road, Charlton 01507 508-248-9011 • karlstorz.com 550 N/A 2,800 Endoscopes, medical instruments and devices N/A Bruce Watkins president & general manager 1989 16 Olympus Corp. of the Americas 800 West Park Drive, Westborough 01581 508-804-2600 • olympusamerica.com 514 580 22,756 Endoscopes, laparoscopes, video imaging systems, surgical energy devices, system integration solutions, medical services and endotherapy instruments $6.4 billion Jorge Lopes president, Olympus Surgical Technologies America Julien Sauvagnargues president, Olympus Corp. of the Americas 1968 Source: Each manufacturer via survey as of Q1 2024. Note: N/A=not available. (1) Local employee count falls within a range of 5,000 to 9,999 according to Mass. Executive Office of Labor and Workforce Development. Last survey response was in 2022 with 6,500 local and 123,000 worldwide employees; unable to confirm local impact of 5% global workforce reduction, announced in February 2023, by press time. (2) For fiscal year ending Jan. 31, 2023 (3) Local employee count includes customer fulfillment center in Quincy; Marlborough headquarters employed 1,800 at its opening in 2014. (4) Data from 2023 survey (5) Formerly Raytheon Technologies (6) Local employee count falls within a range of 1,000 to 4,999, according to Mass. Executive Office of Labor and Workforce Development. (7) Converted from Euro (8) For fiscal year ending Sept. 30, 2023 -Compiled by: Stephanie R.Meagher, research@nebusinessmedia.com F O C U S M A N U FA C T U R I N G