Leoni will officially close its plant in Chicopee, Massachusetts - the German cable maker's first wire plant in the U.S., by Feb. 4, resulting in the loss of some 80 jobs. A press release said that the company tried to but could not find a buyer for the plant, which opened in October 1991. "Unfortunately, despite intensive conversations with several potential investors, it was not possible to find a long-term continuation perspective for LWI, both strategically and financially." The result is that the plant, which produces cables, ropes and braids for the aerospace, data communications and other industries, will be closed.
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