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Miller Industries Inc V.MLR


Primary Symbol: MLR

Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.


NYSE:MLR - Post by User

Comment by westcoast1000on Nov 19, 2017 12:55pm
71 Views
Post# 26992131

RE:RE:Any RedTape?

RE:RE:Any RedTape?The mine and production process as a whole were permitted and in production until roughly the time of the financial crisis or somewhat later.

Since then they have recently improved the engineering of the production process somewhat, so that may require some degree of renewed permitting. The mining plan was already approved in the past but may get some slight tweaks.

The biggest issue was the permit process for building a new road to shorten the haul to tidewater by about 120 km, which would cut total production costs notably. They were about to start on it roughly a year ago or so, but stopped due to permitting issues. My guess is they could operate the mine and use the current road with no new permit. Ultimately they are expecting to get permits to build the shorter road.

WC
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