GREENFIELD, Mass. (WWLP) – A Franklin County city is competing to be the new home of a large manufacturing plant. 22News found out details on an expansion project that could be coming to Greenfield.
Kennametal will be closing it’s plant in Lyndonville, Vermont and relocating. And as of right now, Greenfield and Asheboro NC are competing to be the home of the new plant.
Kennametal Inc. is an American supplier of tooling and industrial materials. And in 1997 it purchased Greenfield Tap and Die Corp in Franklin County. The manufacturer will be closing its Vermont plant with the possibility of relocating operations to Greenfield.
Greenfield Mayor Martin told 22News this proposal could help put the city back on the map for manufacturing. “It’s reaffirming our reputation as a tap and die leader, internationally. Greenfield was the center of the world as far as precision tools go back in the 30s 40s 50s.”
If the project is approved Kennametal proposes to hire 45 new employees by the end of the summer. In addition, the company plans to hire an additional 25 over the next for years.
Director of Economic Development, Bob Pyers, told 22News why manufacturing jobs will be a great addition to the county. “It’s in the manufacturing sector. And any jobs that are created in the manufacturing sector have a higher multiplier effect. In other words, the money that spends off of them is the highest than in any of other producing sectors.”
The plant’s relocation will cost an estimated $3.4 million. 1 million will go directly to real estate development, the other 2 million will go to machinery and production.
The Kennametal plant on Sanderson street currently employs 65 people. Average salary within the company is 75 thousand dollars.