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Vermonters Buy Asbestos Mine to Save Jobs
In Eden Mills Vermont, 186 miners led by John Lupien form the Vermont Asbestos Group to buy the GAF Corp mine after its closure threat. With state support and bank-backed financing, they secure a $400,000 purchase and loans, preserving about 180 jobs as production expands. The venture aims to run efficiently, reduce costs, and keep the plant running amid EPA pollution rules and rising asbestos demand.
MENTIONED IN THIS ARTICLE
Eden Mills
Green Mountains
John Lupien
Lupien
Canada
GAF Corp
Environmental Protection Agency
Manitoba
Wilds
Jane
Romeo Myatt
Myatt
Vermont Asbestos Group
EPA
GAF
Donald Webster
The
State Agency For Development and Community Affairs
Vermont
Webster
Small Business Administration
Lucien
Ron White
U.S
United Cement, Lime and Gypsum Workers