Current:Home > InvestAshley home furnishings to expand Mississippi operations-LoTradeCoin
Ashley home furnishings to expand Mississippi operations
View Date:2025-01-11 15:39:37
JACKSON, Miss. (AP) — Ashley Furniture Industries plans an $80 million expansion at its two facilities in Mississippi’s Lee County, creating at least 500 new jobs as a result.
The Mississippi Development Authority said Wednesday the project will expand Ashley’s foam and mattress production in Verona through the purchase and renovation of a neighboring facility and the construction of a new one. The company also plans to expand operations in Saltillo, currently the country’s largest mattress plant, with a substantial investment in equipment and operations, the agency said.
“This strategic investment reinforces our commitment to growth and allows us to better serve our customers. By expanding our capabilities in Mississippi, we are creating more job opportunities and strengthening our presence in the region,” said Ashley CEO and President Todd Wanek in a news release.
“Ashley Furniture is already one of Mississippi’s most well-known job creators,” Gov. Tate Reeves said. “As the world’s largest manufacturer of home furnishings, Ashley’s historic commitment to Mississippi is a major boon for our entire state. ... This fantastic project only further highlights Mississippi’s global reputation as a destination for business and manufacturing.”
Ashley, the largest manufacturer of home furnishings in the world, said the project is expected to be completed by the end of 2025.
veryGood! (6)
Related
- Certifying this year’s presidential results begins quietly, in contrast to the 2020 election
- Surge in asylum-seeking migrants, Sen. Menendez won't resign, Lahaina: 5 Things podcast
- Supreme Court denies Alabama's bid to use GOP-drawn congressional map in redistricting case
- 100 Jewish leaders call out Elon Musk for antisemitism on X, formerly Twitter: We have watched in horror
- Judge extends the time to indict the driver accused of killing Johnny Gaudreau and his brother
- Sophia Loren, 89-year-old Hollywood icon, recovering from surgery after fall at her Geneva home
- Not again. Federal workers who’ve weathered past government shutdowns brace for yet another ordeal
- Canada House speaker apologizes for honoring man who fought for Nazis during Zelenskyy visit
- 2 credit unions in Mississippi and Louisiana are planning to merge
- Supreme Court denies Alabama's bid to use GOP-drawn congressional map in redistricting case
Ranking
- Mason Bates’ Met-bound opera ‘Kavalier & Clay’ based on Michael Chabon novel premieres in Indiana
- Oklahoma City Council sets vote on $900M arena to keep NBA’s Thunder through 2050
- Searchers find body believed to be that of a woman swept into ocean from popular Washington beach
- Police chief in Massachusetts charged with insider trading will resign
- GM recalls 460k cars for rear wheel lock-up: Affected models include Chevrolet, GMC, Cadillac
- Dior triumphs with Parisian runway melding women’s past and future
- How Bethann Hardison changed the face of fashion - and why that matters
- Less-redacted report on Maryland church abuse still redacts names of church leaders
Recommendation
-
Louisiana House greenlights Gov. Jeff Landry’s tax cuts
-
Law aiming to ban drag performances in Texas is unconstitutional, federal judge rules
-
Even the meaning of the word 'abortion' is up for debate
-
Francesca Farago Reveals Her Emotional Experience of Wedding Dress Shopping
-
Digital Finance Research Institute Introduce
-
Millions of Americans will lose food assistance if the government shuts down
-
Ayesha Curry on the Importance of Self Care: You Can't Pour From an Empty Cup
-
Jersey Shore’s Mike “The Situation” Sorrentino and Wife Lauren Expecting Baby No. 3