Paul Mueller Company Launches Major Expansion Project
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Paul Mueller Company Initiates Construction of New Facility
Paul Mueller Company (OTC: MUEL) has recently begun construction on a new building at its headquarters, making a substantial investment of $22 million. This expansion effort is set to create 133 new jobs and represents a significant step forward in the company's growth strategy. The planned facility will significantly boost the company's capacity for assembling large production modules, thereby enhancing its manufacturing efficiency.
Expanding Capabilities and Creating Opportunities
With the addition of more than 100,000 square feet of space, the new facility boasts a 60,000-square-foot climate-controlled production area specifically designed for large-scale output. This expansion will also double the company’s research and development space, which is crucial for ongoing innovation and operational flexibility.
Statements from Leadership
David Moore, President and CEO of Paul Mueller Company, expressed pride in the groundbreaking of this new facility. He highlighted the importance of the expansion for creating a column-free manufacturing space aimed at supporting larger systems for various customers in the pharmaceutical, food, beverage, and chemical sectors. Moore noted that the company's workforce has been instrumental in achieving record-level profitability and backlog, which has made this expansion possible.
Energy Efficiency and Employee Well-being
The new facility is designed with energy efficiency as a top priority, incorporating features that enhance employee comfort and offer advanced training opportunities. Such enhancements reflect the company’s commitment to supporting its workforce while maintaining excellence in manufacturing practices.
Community and Economic Impact
Community leaders recognize the significance of this expansion for the local economy. Springfield's Mayor, Ken McClure, remarked on the positive local impact of Paul Mueller Company, emphasizing its role in establishing the area as a leader in stainless steel manufacturing since 1940. The expansion aligns with a broader narrative of community growth and manufacturing success in the region.
Support from State Programs
The expansion project will also benefit from the Missouri Works program, which supports companies in retaining workers and accessing necessary capital through withholdings or tax credits. Furthermore, Paul Mueller Company will receive assistance from Missouri One Start, which is dedicated to helping businesses with recruitment and employee training initiatives.
Local Economic Leaders Weigh In
Experts in the local economic sector have lauded this expansion. Matt Morrow, President of the Springfield Area Chamber of Commerce, mentioned the positive ripple effect the company’s growth has historically had on the local economy. Moreover, Michael Eaton, Executive Director of the Missouri Association of Manufacturers, highlighted the critical role that manufacturing plays in economic development.
About Paul Mueller Company
Headquartered in Springfield, Missouri, Paul Mueller Company operates manufacturing and sales facilities in several locations, including Iowa, the Netherlands, and Vietnam. They are well-known for producing innovative processing equipment that caters to various industries, including dairy, food and beverage, pharmaceuticals, and chemicals.
About the Missouri Department of Economic Development
The Missouri Department of Economic Development works to foster an environment conducive to economic advancement by supporting the state's diverse businesses, enhancing workforce skills, and improving the overall community quality of life. Through a focused approach, they aim to create opportunities that allow Missourians to thrive.
Frequently Asked Questions
What is the purpose of the new facility being constructed by Paul Mueller Company?
The new facility is aimed at increasing manufacturing capacity for large production modules and enhancing research and development capabilities.
How many jobs will the expansion create?
The expansion is expected to create 133 new jobs within the community.
What benefits will Paul Mueller Company gain from the Missouri Works program?
The Missouri Works program will assist the company in accessing capital through withholdings or tax credits for job creation, aiding in their expansion efforts.
Who are some of the local leaders supporting this expansion?
Local leaders such as the Mayor of Springfield and the President of the Springfield Area Chamber of Commerce have expressed support for the project, recognizing its potential economic impact.
Where can I find more information about Paul Mueller Company?
For more information, interested individuals can visit the official website of Paul Mueller Company.
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