• 2 companies closing in Vt town
    March 28,2014
     

    LYNDONVILLE ó Two companies in the town of Lyndonville are planning to close.

    Pennsylvania-based Kennametal said itís closing the Vermont plant, for a loss of 80 jobs.

    The company said it made the decision in light of changing demand for its products. Kennametal produces tools for metalwork, mining and construction.

    Family-owned Vermont Flexible Tubing Co. is planning to close Tuesday. Co-owner Marvin Smith said younger family members werenít interested in taking over the business, which has nine workers.

    Despite the closings, thereís hope for new manufacturing jobs. David Snedeker, executive director of the Northeastern Vermont Development Association, said there are plans by the company AnC Bio for a plant in Newport and airplane manufacturer Flight Design USA to operate in nearby Coventry.

    MORE IN This Just In
    NORTHFIELD — Forbes Magazine has given Norwich University a grade of ‘A'... Full Story
    MONTPELIER ó A Burlington-based chain of drug-testing labs that has been a key player in... Full Story
    BARRE ó A former employee of the Phoenix House recovery program has admitted to having sex with a... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS