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78 Worcester Business Journal | Book of Lists 2018 | 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.emc.com 8,000 statewide $78,700,000,000 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 1,753 $1,409,000,000 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 $9,050,000,000 Medical devices Michael F. Mahoney president & CEO 1979 4 Saint-Gobain 1 New Bond St., Worcester 01606 508-795-5000 • www.saint-gobain.com 1,652 DND Abrasives, industrial ceramics and plastics manufacturing Pierre-Andre de Chalendar president & CEO 1885 5 Waters Corp. 34 Maple St., Milford 01757 508-482-2000 • www.waters.com 1,500 $2,200,000,000 Analytical science technologies Christopher J. O'Connell chairman, president & CEO 1958 6 Hologic Inc. 250 Campus Drive, Marlborough 01752 508-263-2900 • www.hologic.com 1,245 $3,058,800,000 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 (a) $2,497,638,000 (b) 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 (c) $3,800,000,000 Audio technology Phil Hess CEO 1964 8 Raytheon Co. 1001 Boston Post Road East, Marlborough 01752 508-490-1000 • www.raytheon.com ~1,000 (c) $27,700,000,000 Aerospace and defense Thomas A. Kennedy CEO 1922 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 11 Bristol-Myers Squibb Co. 38 Jackson Road, Devens 01434 978-784-6001 • www.bms.com 715 $20,800,000,000 Diversified specialty biopharmaceuticals for oncology, cardiovascular, immunoscience and fibrosis Giovanni Caforio CEO 1858 12 Johnson Controls (d) 50 Technology Drive, Westminster 01441 978-731-2500 • www.tycosimplexgrinnell.com 700 $30,000,000,000 Fire protection, security, HVAC and controls solutions and services George R. Oliver chairman & CEO 1894 (e) 12 KARL STORZ Endoscopy-America Inc. (f) 91 Carpenter Hill Road, Charlton 01507 508-248-9011 • www.karlstorz.com 700 DND Endoscopes, medical instruments and devices Charles Wilhelm president & COO 1989 12 Polar Beverages 1001 Southbridge St., Worcester 01610 508-753-4300 • www.polarbev.com 700 $465,000,000 Soft drinks Ralph D. Crowley CEO & president 1882 12 Tegra Medical 9 Forge Parkway, Franklin 02038 508-541-4200 • www.tegramedical.com 700 (f) DND Precision machining and contract manufacturing for medical device components J. Mark King president & CEO 2007 16 Affordable Interior Systems (AIS) (g) 25 Tucker Drive, Leominster 01453 978-562-7500 • www.ais-inc.com 600 $175,000,000 Manufacturer of high-end office furniture systems Bruce Platzman president & CEO 1989 Oxford laser equipment manu- facturer IPG Photonics is planning a multi-year expansion of both its Oxford and Marlborough facilities after a string of recent property acquisitions totaling more than 30 acres earlier this year. The company in February pur - chased two separate Oxford par- cels – one on Federal Hill Road and another on Millbury Boulevard – for a combined $1.1 million. In the same month, the compa - ny purchased about 13 acres in Marlborough for $1.8 million. "We expect capital expendi- tures this year to increase over 2017 as we make investments to expand our global production capabilities and meet growing demand for our products over the next several years," said James Hiller, vice president of investor relations, in an email. Those planned investments include capacity expansions in both Oxford and Marlborough, Hiller said. However, no specific plans or timelines were revealed. The land purchases came dur - ing a record first quarter for the company, in which it made a profit of $106 million on revenues of $360 million, the latter an increase of 26 percent year over year. The company reported about $970 million in cash and total assets of nearly $2.5 billion. The company finished 2017 with a record $1.4 billion in reve - nue and a net income of $347.6 million, increases of 40 percent and 33 percent, respectively. IPG Photonics planning for growth IPG headquarters in Oxford