• 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
    MONTPELIER — Matt Dunne, a Google executive and former Windsor County state senator... Full Story
    SOUTH BURLINGTON ó Vermont Gas Systems has proposed a 3 percent rate decrease that would lower... Full Story
    MONTPELIER ó A renewable energy group is hailing a ruling by the Internal Revenue Service that... Full Story
    More Articles
  •  
     
    • MEDIA GALLERY 
    • VIDEOS
    • PHOTOS