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Primetals will close its two Worcester facilities and consolidate into a new facility in Sutton, Massachusetts, receiving a 15-year tax-increment financing agreement from the town. The new plant will house steel mill equipment manufacturing, R&D, engineering and sales.
“After two years of research, analysis and deliberation, we came to realize while our facility at Crescent Street has served us well for the last 100 years, it will not carry us for the next 100.”wbjournal.com
Summarized from public sources; check the original articles before acting on it.