Mamtek Jobs Remain In Question

5 years 4 months 2 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
Embed Code Copied

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
KANSAS CITY (AP) — Thousands of protesters, mostly women, gathered in Missouri's two biggest cities and Kansas' capital city in... More >>
12 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:44:00 PM CST in News
KANSAS CITY (AP) — A central Missouri technical college plans to ask the U.S. Supreme Court to reinstate the school's... More >>
12 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:37:52 PM CST in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens is making a school choice measure called education savings accounts a priority... More >>
12 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 7:32:26 PM CST in News
COLUMBIA — The Mid-Missouri Solidarity March was organized by area organization to support the Women’s March on Washington, D.C. on... More >>
14 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 6:00:00 PM CST in News
COLUMBIA — Counselors helped Columbia residents sign up for health care insurance Saturday, amid rising concern over the repeal of... More >>
15 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 5:02:00 PM CST in News
COLUMBIA — Stephens College hosted its first "Fallopian Fest" Saturday. Stephens College student and one of the directors of... More >>
16 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 3:54:00 PM CST in News
COLUMBIA — "The Mindfulness-Based Eating Solution" author, Dr. Lynn Rossy, spoke at the Boone County Historical Museum Saturday. The... More >>
20 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:51:00 AM CST in News
BOONVILLE — Several Missouri National Guard Specialists are preparing to leave for their final segment of training before departing for... More >>
20 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:39:00 AM CST in News
KANSAS CITY (AP) — Prosecutors have charged a man in connection with a shooting death last summer in Kansas City,... More >>
21 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:19:00 AM CST in News
ST. LOUIS (AP) — Police and court records said a man accused of fatally shooting a St. Louis apartment complex's... More >>
21 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:16:04 AM CST in News
SPRINGFIELD (AP) — A southwestern Missouri woman faces up to 23 years in federal prison after admitting in court that... More >>
21 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 11:10:00 AM CST in News
ST. LOUIS (AP) — A man has been ordered to spend two decades in prison after admitting in court that... More >>
21 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 10:31:15 AM CST in News
ST. LOUIS (AP) — A St. Louis 18-year-old has been jailed on $250,000 bond after being accused of wounding her... More >>
22 hours ago January 21, 2017 Jan 21, 2017 Saturday, January 21 2017 Saturday, January 21, 2017 10:13:19 AM CST in News
COLUMBIA – Missouri is the only state without a prescription drug-monitoring program in place, but officials in Columbia are hoping... More >>
1 day ago January 20, 2017 Jan 20, 2017 Friday, January 20 2017 Friday, January 20, 2017 6:34:00 PM CST in News
COLUMBIA — At their Jan. 10 Court en Banc meeting, the judges of the 13th Judicial Circuit elected their new... More >>
1 day ago January 20, 2017 Jan 20, 2017 Friday, January 20 2017 Friday, January 20, 2017 5:39:00 PM CST in News
COLUMBIA — A Columbia man has pled guilty Friday to three counts of sexual exploitation of a minor, one count... More >>
1 day ago January 20, 2017 Jan 20, 2017 Friday, January 20 2017 Friday, January 20, 2017 4:43:00 PM CST in Top Stories
FRANKLIN COUNTY (AP) — Franklin County Sheriff's Office charged a man Friday after Authorities say he killed his ex-girlfriend in... More >>
1 day ago January 20, 2017 Jan 20, 2017 Friday, January 20 2017 Friday, January 20, 2017 3:55:00 PM CST in Top Stories
COLUMBIA — All across the country televisions were set to the presidential inauguration to see Donald Trump take office. Craig... More >>
1 day ago January 20, 2017 Jan 20, 2017 Friday, January 20 2017 Friday, January 20, 2017 3:20:00 PM CST in News
Columbia, MO
Broken Clouds 45°
9am 45°
10am 45°
11am 46°
12pm 48°

Select a station to view its upcoming schedule:

Coming Up Next

8:00a
Sunday TODAY with Willie Geist
9:00a
Meet the Press
10:00a
Give
7:30a
In Touch with Dr. Charles Stanley
8:30a
The Key of David
9:00a
Campmeeting

Tonight's Schedule

6:00p
Dateline NBC
7:30p
Ted
6:00p
Beverly Hills Ninja
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld