First of all, I would like to wish all of you a very Happy New Year! I hope that your 2021 will bring new levels of profitability for your company as well as new levels of prosperity to you and your family!
For PEM, 2021 is bringing a new excitement as well as many new challenges. As you already know, we are in the process of building a new facility in McPherson, Kansas, which will more than double our current square feet. The construction project is moving along nicely, and we anticipate moving into the new facility at the beginning of the fourth quarter of this year.
We also had given verbal notice to our employees and to our landlord that it was our intention to stay in Washington and to expand our operations there. However, due to a misunderstanding, we were recently notified that our lease in Washington will not be renewed. As such, our Executive Committee quickly reviewed our options for the Washington facility, and after much discussion, we decided that our best option for the company was to move the facility to another location. Upon further reflection, we realized that our new location in Kansas will be more than adequate to handle our equipment and machinery in Washington, so we decided to make the strategic pivot to consolidate all operations from Washington into the new Kansas facility.
Obviously, the decision to make the Washington move during the same year that we are moving our Kansas facility was not ideal from a timing standpoint, but from a long-term perspective, it is the best and most efficient solution moving forward. We are already in the process of planning both moves and reviewing our machinery deliveries. We are doing all we can to keep as many projects as possible on the same (or similar) delivery schedule. Most projects that have already started will resume their current schedule, a few projects may actually be moved forward a bit, and a few projects will have to be delayed somewhat as we more carefully analyze the impact of these changes. Kevin Wolf will be reaching out to you soon to discuss the delivery schedule for your particular project.
In the interim, please accept my sincere thanks for the business and for your patience as we go through this transition. I firmly believe that with these changes, coupled with our renewed efforts to streamline our engineering and production processes, we will see significant improvement with our deliveries going forward.
Thanks again for your understanding. We look forward to working with you all in your future endeavors.
Nathan Spearman, Owner/CEO