Company announces cancellation of plans to build Moberly plant

2 years 6 months 1 week ago Thursday, June 04 2015 Jun 4, 2015 Thursday, June 04, 2015 2:06:00 PM CDT June 04, 2015 in News
By: James Packard, KOMU 8 Digital Prodcuer

MOBERLY - A New Jersey-based roofing manufacturer announced Thursday it cancelled plans to build an asphalt shingle manufacturing facility in Moberly.

GAF said the cancellation was a result of an unfavorable market and unanticipated increases in project and operating costs associated with the facility.

Bob Tafaro, President and CEO of GAF, said, "Unfortunately we had to make a difficult business decision as the economics of this investment have been impacted by the sustained sluggish market conditions".

The facility planned to have the largest production capacity of any single manufacturing plant in the industry at 320,000 square feet. It was set to employ 125 people and open at the end of 2017. 

Gov. Jay Nixon said GAF planned to spend about $149 million on the facility, $5.6 million of which could have come from the state.

Related Stories

More News

Grid
List
COLUMBIA -It's a topic that many people shy away from, but one man came to Columbia to talk about suicide.... More >>
38 minutes ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 8:25:00 PM CST December 11, 2017 in News
COLUMBIA - Terron Wings says he considers himself blessed he can now call himself an “American taxpayer.” Wings, 37,... More >>
1 hour ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:27:27 PM CST December 11, 2017 in News
COLUMBIA - The Columbia Board of Education will vote on a $30 million bond issue Monday night at its meeting.... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:01:00 PM CST December 11, 2017 in News
COLUMBIA – High winds and dry conditions warranted additional safety precautions for fire safety Monday in central Missouri. The... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 6:04:00 PM CST December 11, 2017 in News
RENICK – The Beamer family was on the porch of their Randolph County home at the beginning of the storm... More >>
3 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 5:21:35 PM CST December 11, 2017 in News
ROCHEPORT - Consolidated Water issued a boil order advisory for parts of Howard County Monday due to a water main... More >>
4 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 4:29:00 PM CST December 11, 2017 in News
ORONOGO (AP) — Homeowners living near a gun range in southwest Missouri are concerned about stray bullets that have been... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:32:30 PM CST December 11, 2017 in News
COLUMBIA - When someone goes to the doctor for a checkup, they might expect the regular look at their eyes,... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:15:00 PM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri's attorney general is weighing whether to appoint a special investigator to check into use of... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:45:00 PM CST December 11, 2017 in News
COLUMBIA - One MU Nursing School program has reduced the number of nursing home patients from hospitalization by nearly 50... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:24:00 PM CST December 11, 2017 in News
COLUMBIA- The Missouri Attorney General's office is forming an advisory board to develop the first statewide program in Missouri that... More >>
8 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 12:22:00 PM CST December 11, 2017 in News
COLUMBIA - The city plans to begin repairing base failures in the Thornbrook Subdivision beginning Dec. 11 at 8 a.m.... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:34:00 AM CST December 11, 2017 in News
JEFFERSON CITY - A Missouri state representative has filed more legislation which would redefine "marriage" as a "contract of domestic... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:22:00 AM CST December 11, 2017 in News
COLUMBIA – Monday is the final day to donate to Columbia Parks and Recreation’s Almeta Crayton Memorial Toy Drive. ... More >>
10 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:58:00 AM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says he wants his five new appointees to the state veterans... More >>
10 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:50:00 AM CST December 11, 2017 in News
COLUMBIA - UPDATE: 1:44 P.M. A police officer confirmed white paint footprints are related to Monday's investigation. The police officer... More >>
13 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:34:00 AM CST December 11, 2017 in Top Stories
COLUMBIA - Nearly four years ago to the day, local business owner Linda Bonebrake was diagnosed with severe sepsis at... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 6:47:00 PM CST December 10, 2017 in Continuous News
JEFFERSON CITY - Bird lovers got an up close look at birds typically seen in their backyards Sunday. It... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 5:36:00 PM CST December 10, 2017 in News
Columbia, MO
Broken Clouds 45°
10pm 41°
11pm 37°
12am 34°
1am 33°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
The Voice
9:01p
Better Late Than Never
10:00p
KOMU 8 News @ 10
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld
10:00p
Seinfeld

Tonight's Schedule

7:00p
The Voice
9:01p
Better Late Than Never
7:00p
Penn & Teller: Fool Us
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld