Current:Home > ContactAshley home furnishings to expand Mississippi operations -Wealth Navigators Hub
Ashley home furnishings to expand Mississippi operations
EchoSense View
Date:2025-04-10 23:25:54
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! (22838)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Comcast to offer Netflix, Peacock, Apple TV+ bundle: What to know about streaming bundles
- For $6.6 million, this southern California town can be yours: What to know about Campo
- Rory McIlroy files for divorce from his wife of 7 years on the eve of the PGA Championship
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Woman pleads guilty to plotting with a neo-Nazi group leader to attack Baltimore’s power grid
- What to watch in Tuesday’s Maryland US Senate primaries
- `Micropreemie’ baby who weighed just over 1 pound at birth goes home from Illinois hospital
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Military hearing officer deciding whether to recommend court-martial for Pentagon leaker
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Ippei Mizuhara arraignment: Ohtani's ex-interpreter pleads not guilty with plea deal in place
- Chicago Fire Star Taylor Kinney Marries Model Ashley Cruger
- Dan Schneider Reacts After All That's Lori Beth Denberg Says He Preyed On Her
- 'Most Whopper
- Trophy Eyes fan injured after stage-diving accident: 'Truly heartbroken'
- 5-year-old Colorado girl dies after being strangled by swing set in backyard: Police
- Judge tosses Republican lawsuit that sought to declare Arizona’s elections manual invalid
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
How biopic Back to Black puts Amy Winehouse right back in the center of her story
Miss Teen USA runner-up Miss NY Teen declines position amid UmaSofia Srivastava's resignation
Kelly Clarkson confirms medication helped her lose weight: 'It's not' Ozempic
The White House is cracking down on overdraft fees
CNX plans $1.5B hydrogen fuels plant at Pittsburgh airport, but wants federal tax credit to build it
Maryland's 2024 primary is Tuesday — Larry Hogan's candidacy makes Senate race uncommonly competitive
Minnesota couple celebrates state's new flag with a Statehood Day party