UMB Bank

UMB Bank / Mamtek
11:56 am
Mon November 7, 2011

UMB Bank files lawsuit against Mamtek over Mo. plant

(via Flickr/s_falkow)

A lawsuit has been filed in federal court against the company responsible for a failed artificial sweetener factory in Moberly.

Mamtek U.S. Inc. planned to employ several hundred people at the central Missouri plant, and Moberly issued $39 million in bonds to pay for the project.

But Mamtek missed a bond payment and the plant still is under construction. Moberly has said it does not plan to pay off remaining bonds.

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