- Associated Press - Thursday, March 27, 2014

LYNDONVILLE, Vt. (AP) - Two companies in the Vermont town of Lyndonville are planning to close.

Vermont Public Radio reports (https://bit.ly/1rEFjaE) Pennsylvania-based company Kennametal says it’s closing the Vermont plant, for a loss of 80 jobs.

The company says 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 Company is planning to close Tuesday. Co-owner Marvin Smith says younger family members weren’t interested in taking over the business, which currently has nine workers.

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

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Information from: WVPS-FM, https://www.vpr.net

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