Mamtek Jobs Remain In Question

5 years 7 months 4 days ago September 21, 2011 Sep 21, 2011 Wednesday, September 21 2011 Wednesday, September 21, 2011 12:10:00 AM CDT in News
By: Todd Tumminia
loading

Moberly - There continues to be a lot of confusion tonight about the job market in Moberly. Mamtek, a China based company, promised 160 jobs in phase one of the project. The problem is Mamtek failed to make its first bond payment.

The vacant Mamtek plant was supposed to make sucralose, a sugar like substance.

Signs even claim there is a future for Mamtek in Moberly. But that future is getting dim. On Monday, mamtek was set to meet with UMB bank, the trustee of the bonds. Last minute plans changed. Company representatives called the day before and cancelled.There was a conference call Tuesday for the bondholders and KOMU tried to reach a spokesperson for UMB bank but calls went unreturned.

It's unclear whether the city will pay more money to prevent the company from going under and not meeting its promise for jobs.

In a notice to the bank, Mamtek says it feels the project as a whole is still viable. It needs another $20 to $44 million to finish the job.

 

More News

Grid
List
FULTON - Fulton Police are investigating a body found. Fulton Police Chief Steve Myers believes the body could belong to... More >>
10 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 9:19:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri senators have confirmed a former PricewaterhouseCoopers partner to be the state's next revenue director. ... More >>
10 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 8:44:56 PM CDT in News
COLUMBIA - Columbia Public School teachers could see a significant increase in salary for the coming school year. The... More >>
12 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 7:22:00 PM CDT in News
JEFFERSON CITY (AP) — A Missouri senator says he's moving out of a room he rents from a lobbyist following... More >>
12 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 7:17:23 PM CDT in News
JEFFERSON CITY (AP) — The Missouri House has passed stricter requirements for tracking fetal tissue after abortions. The... More >>
12 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 7:13:00 PM CDT in News
MID-MISSOURI - There were 36 reported cases of salmonella in Mid-Missouri Monday, with the majority of cases reported out of... More >>
12 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 7:04:00 PM CDT in News
COLUMBIA - Columbia Public Works is requesting community members complete a survey on new markings for cyclists at intersections in... More >>
13 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 6:40:00 PM CDT in News
COLUMBIA - Wind, water and solar power are all elements that usually come to mind when the words 'renewable energy'... More >>
13 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 6:02:00 PM CDT in News
COOPER COUNTY, Mo. - Two people died during a plane crash on Highway 98 near Boonville around 1:40 p.m Monday.... More >>
14 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 5:03:00 PM CDT in News
ARGYLE - For years, the Rock Island rail line carried trains across Missouri, straight through towns like Eldon, Freeburg and... More >>
15 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 3:50:00 PM CDT in News
KANSAS CITY (AP) — A teenager who was shot by a Kansas City store clerk who thought the boy was... More >>
16 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 3:39:00 PM CDT in News
BOONVILLE- What began as a joke between two friends inspired an event that raised money and awareness for a... More >>
16 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 2:49:00 PM CDT in Continuous News
BALLWIN, Mo. (AP) — St. Louis County authorities are investigating an apparent murder-suicide involving a couple in their 80s. ... More >>
17 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 2:35:00 PM CDT in News
ST. LOUIS (AP) — Police say a 51-year-old St. Louis-area woman died while she was sleeping when she was struck... More >>
17 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 2:29:00 PM CDT in News
EUREKA, Mo. (AP) — A Mexican wolf born this month at a wildlife center in suburban St. Louis is offering... More >>
17 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 2:17:00 PM CDT in News
COLUMBIA - The Boone County Community Services Department recently released its 2016 Annual Report and Program Directory, which highlights where... More >>
18 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 1:34:00 PM CDT in News
COLUMBIA - President Donald Trump's proposed spending plan for 2018 significantly reduces funding for a range of executive departments, from... More >>
19 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 12:13:00 PM CDT in News
FULTON - Two men are on the run after assaulting a man in his home and stealing cash and other... More >>
20 hours ago April 24, 2017 Apr 24, 2017 Monday, April 24 2017 Monday, April 24, 2017 11:23:00 AM CDT in News
Columbia, MO
Broken Clouds 55°
8am 60°
9am 63°
10am 68°
11am 71°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
7:30a
Cops Reloaded
8:00a
The Steve Wilkos Show
9:00a
The Steve Wilkos Show

Tonight's Schedule

7:00p
The Voice
8:00p
Great News
8:30p
Great News
9:00p
Chicago Fire
7:00p
The Flash
8:00p
iZombie
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld