Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Rio Tinto–Glencore Merger Talks Spark Investor Debate Over Value, Strategy and Coal Exposure 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
Federal Appeals Court Blocks Trump-Era Hospital Drug Rebate Plan 
GM Takes $6 Billion EV Write-Down as Electric Vehicle Demand Slows in the U.S. 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026 
FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
Vitol to Ship First U.S. Naphtha Cargo to Venezuela Under New Oil Supply Deal 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
SPRINGFIELD, Mo., March 17, 2017 -- Paul Mueller Company (OTC:MUEL), based in Springfield, Missouri, USA is announcing plans to build a new facility in Groenlo, a town in the east-central portion of The Netherlands. The new facility will be located 10 kilometers (approx. 6 miles) from one of Paul Mueller Company’s current Dutch manufacturing facilities in Lichtenvoorde.
“Groenlo was chosen because of its close proximity to the current Lichtenvoorde location, easing the transition for the majority of the production employees” said Paul Mueller Company CEO David Moore. “Working together in one location, our co-workers can better develop common goals and address customer needs.”
The new facility will consolidate four locations the Company currently operates in The Netherlands, including the Lichtenvoorde location. The €20 million ($21 million) project is expected to have a positive return based on reducing the costs of operating four separate facilities, the rent paid on three of the facilities, and the sale of the primary manufacturing location in Lichtenvoorde.
According to Wytze Tjepkema, General Manager of Paul Mueller Company subsidiary Mueller BV in The Netherlands, “this project will combine the companies acquired in 2008 into one location creating a stronger culture and improving collaboration and efficiencies.”
Pending final approval of construction plans and loan documents, construction should start in the summer of 2017 with a completion date projected to be in the summer of 2018.
Paul Mueller Company is headquartered in Springfield, MO with manufacturing and sales operations in Iowa, The Netherlands, and Vietnam. Paul Mueller Company employees build innovative processing equipment for dairy farms and a wide variety of other applications in food, beverage, pharmaceutical, and chemical facilities worldwide.
Press Contact: Jay Holden | Paul Mueller Company | Springfield, MO 65802 | (417) 575-9422 [email protected] | http://paulmueller.com
