Plant upgrade would bring 70 new jobs to Greenfield

Kennametal Inc. planning nearly $5M in upgrades

kennametal greenfield

GREENFIELD, Mass. (AP) — A high-tech metalworking tool manufacturer in Greenfield has announced a nearly $5 million upgrade that is expected to bring 70 new jobs to the region.

Kennametal Inc. plans to invest $3.4 million immediately on upgrades to the plant, equipment and machinery, as well as another $1.25 million over the next four years.

Greenfield Mayor William Martin tells The Recorder the 70 jobs the company plans to add will provide an average income of $75,000 per year.

The Town Council approved a property tax break for the company in May in hopes of enticing it to choose Greenfield for its upgrade plans.

Latrobe, Pennsylvania-based Kennametal bought the Greenfield Tap and Die plant in 1997. Greenfield Tap and Die was founded in 1912.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s