Current:Home > MarketsAshley home furnishings to expand Mississippi operations-DB Wealth Institute B2 Expert Reviews
Ashley home furnishings to expand Mississippi operations
View Date:2024-12-23 17:04:59
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! (8375)
Related
- Bo the police K-9, who located child taken at knifepoint, wins Hero Dog Awards 2024
- Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
- Powerful cartel leader ‘El Mayo’ Zambada was lured onto airplane before arrest in US, AP source says
- Man charged in Porsche crash that left friend dead: 'I think I just killed my friend'
- Prominent conservative lawyer Ted Olson, who argued Bush recount and same-sex marriage cases, dies
- Gotham signs 13-year-old MaKenna ‘Mak’ Whitham through 2028, youngest to get an NWSL contract
- Proof That Sandra Bullock's Style Has Always Been Practically Magic
- Iron coated teeth, venom and bacteria: A Komodo dragon's tool box for ripping apart prey
- Judge set to rule on whether to scrap Trump’s conviction in hush money case
- Why is Russia banned from Paris Olympics? Can Russian athletes compete?
Ranking
- Pedro Pascal's Sister Lux Pascal Debuts Daring Slit on Red Carpet at Gladiator II Premiere
- Video tutorial: 4 ways to easily track your packages online
- 2024 Paris Olympics: See Every Winning Photo From the Opening Ceremony
- NORAD intercepts Russian and Chinese bombers off coast of Alaska
- Forget the bathroom. When renovating a home, a good roof is a no-brainer, experts say.
- Park Fire swells to over 164,000 acres; thousands of residents under evacuation orders
- Autopsy findings confirm Sonya Massey, Black woman shot by deputy, died from gunshot wound to head
- Ryan Reynolds, Hugh Jackman surprise Comic-Con crowd with screening, Marvel drone show
Recommendation
-
New wildfires burn in US Northeast while bigger blazes rage out West
-
Oprah Winfrey and Gayle King Address Longstanding Rumors They’re in a Relationship
-
Get an Extra 60% off J.Crew Sale Styles, 50% Off Old Navy, 80% Off Old Navy, 70% Off Sam Edelman & More
-
Tennessee man convicted of inmate van escape, as allegations of sex crimes await court action
-
Certifying this year’s presidential results begins quietly, in contrast to the 2020 election
-
Canadian Olympic Committee Removes CWNT Head Coach After Drone Spying Scandal
-
Autopsy findings confirm Sonya Massey, Black woman shot by deputy, died from gunshot wound to head
-
Joel Embiid embraces controversy, gives honest take on LeBron James at Paris Olympics