Manufacturing

TEXTRON is considering "strategic alternatives" for its Kautex business unit that could involve a sale, spinning the segment out or another type of transaction.

Textron looking at transaction possibilities for Kautex segment

PROVIDENCE – Textron Inc. is considering “strategic alternatives” for its Kautex business unit, the company announced Monday. Potential plans for the Bonn, Germany-headquartered business segment...
ASPEN AEROGELS reported a loss of $5.3 million in the second quarter of 2019.

Aspen Aerogels reports $5.3M loss in Q2, revenue rises

MIDDLEBOROUGH – Aspen Aerogels Inc. lost $5.3 million in the second quarter of 2019, or 22 cents per diluted share, despite showing a 36.3%...
KVH INDUSTRIES reported a $47.2 million profit in the second quarter of 2019, attributable to a nearly $90 million sale of its maritime training business, Videotel. / COURTESY KVH INDUSTRIES

KVH reports $47.2M Q2 profit boosted by sale of Videotel business

MIDDLETOWN – KVH Industries Inc. reported a profit of $47.2 million in the second quarter, or $2.90 per diluted share, for all operations, continued...
THE RHODE ISLAND manufacturing sector's health was given a "D" grade in the 2019 Manufacturing Scorecard issued by the Center for Business and Economic Research at Ball State University. / CENTER FOR BUSINESS AND ECONOMICS RESEARCH

R.I. receives “D” grade for manufacturing industry health

PROVIDENCE – The Rhode Island manufacturing industry’s health was given a letter score of a “D” by the Center for Business and Economics Research...
ATHLETIC APPAREL company SquadLocker of Warwick has ramped up its inventory, deliver and return services with its new program, SquadLocker MVP.

SquadLocker kicks up return policy, delivery speed with MVP program

WARWICK — Athletic-apparel design and ordering company SquadLocker of Warwick has introduced SquadLocker MVP, an effort ensuring availability of the company’s most popular team...
SENSATA TECHNOLOGIES reported a profit of $73.4 million in the second quarter of 2019. / COURTESY SENSATA TECHNOLOGIES

Sensata Technologies Q2 profit declines 30%

ATTLEBORO – Sensata Technologies Holding PLC reported a profit of $73.4 million in the second quarter, a 30.3% decline year over year, according to...
THE EPA HAS ANNOUNCED its proposed plan for a cleanup of the Walton and Lonsbury Superfund Site in Attleboro. / COURTESY ENVIRONMENTAL PROTECTION AGENCY

EPA announces cleanup plan for Attleboro Superfund Site

PROVIDENCE – A proposed cleanup plan was announced for the Walton and Lonsbury Superfund Site in Attleboro, the EPA announced Thursday. The EPA added the...
ALEX AND ANI HAS demanded $1.1 billion in damages from Bank of America Corp. in a lawsuit alleging lending discrimination. / BLOOMBERG NEWS FILE PHOTO/CINDY ORD/GETTY IMAGES

Alex and Ani sues Bank of America for lending discrimination

NEW YORK –A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of America Corp....

Electric-vehicle maker Tesla opens first store and service center in...

WARWICK – Following a ribbon-cutting on July 20, electric-vehicle maker Tesla Inc. opened its first store and service center in Rhode Island. Mayor Joseph J....

Polaris MEP to host upcoming session on productivity, capital equipment

PROVIDENCE – Polaris Manufacturing Extension Partnership will host a free workshop on company productivity and capital equipment on Thursday from 8-9:30 a.m. The breakfast event...
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