Company announces cancellation of plans to build Moberly plant

5 years 1 day 3 hours 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
KANSAS CITY — Kansas City Mayor Quinton Lucas says the city is making sweeping changes in police procedures... More >>
1 hour ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 9:52:00 PM CDT June 04, 2020 in News
COLUMBIA - Boone County reported a second death from COVID-19 Wednesday. The first death in the county was... More >>
5 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 5:10:42 PM CDT June 04, 2020 in News
JEFFERSON CITY- As local leaders pick up the pieces and chart a path forward to deal with the widespread financial... More >>
6 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:58:00 PM CDT June 04, 2020 in News
JEFFERSON CITY- 300 members of the Missouri National Guard were deployed to Washington, D.C. on Thursday to help local authorities... More >>
6 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:41:00 PM CDT June 04, 2020 in News
COLUMBIA – While people are marching and chanting across the world to fight against racism, University of Missouri’s Black students... More >>
6 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:34:00 PM CDT June 04, 2020 in News
COLUMBIA - The oncology clinic at MU Women's and Children's hospital won't close after all, several sources told KOMU 8... More >>
6 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:08:00 PM CDT June 04, 2020 in News
COLUMBIA - A petition to remove the Thomas Jefferson statue from the University of Missouri quad is gaining momentum with... More >>
8 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 2:25:00 PM CDT June 04, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
9 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 2:00:00 PM CDT June 04, 2020 in News
JEFFERSON CITY - Students will be back in classrooms this fall after Lincoln University announced earlier this week that they... More >>
10 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 12:31:00 PM CDT June 04, 2020 in News
MINNEAPOLIS— NBC News is streaming George Floyd's memorial service at 1 p.m. Central Time. Floyd died in police custody... More >>
10 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 12:28:29 PM CDT June 04, 2020 in News
(CNN) -- Most of Google's US workforce has been working remotely since March due to the coronavirus. And last month,... More >>
11 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 11:30:08 AM CDT June 04, 2020 in A Brighter Tomorrow
KANSAS CITY (AP) — Civil rights organizations on Wednesday called for the resignation of Kansas City Police Chief Rick Smith,... More >>
14 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 8:23:02 AM CDT June 04, 2020 in News
COLUMBIA - The MU Faculty Council voted against the recommendation to start the fall semester a week early at its... More >>
15 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 7:21:00 AM CDT June 04, 2020 in News
COOPER COUNTY - One man is dead after crashing his ATV in Cooper County on Wednesday night. According to... More >>
16 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 6:55:00 AM CDT June 04, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about the impacts in the community. You... More >>
16 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 6:19:00 AM CDT June 04, 2020 in News
ST. LOUIS — St. Louis County Executive Sam Page on Wednesday asked protesters who didn't wear masks or socially distance... More >>
1 day ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 9:53:18 PM CDT June 03, 2020 in News
COLUMBIA - Over the past week, the Columbia community has created lists of local black-owned businesses to support all over... More >>
1 day ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 6:02:00 PM CDT June 03, 2020 in News
COLUMBIA - The oncology clinic at the MU Women and Children's Hospital will be closing on July 31. Families of... More >>
1 day ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 2:25:00 PM CDT June 03, 2020 in Continuous News
Columbia, MO
Broken Clouds 70°
11pm 74°
12am 72°
1am 71°
2am 71°