Current:Home > FinanceAshley home furnishings to expand Mississippi operations -Visionary Growth Labs
Ashley home furnishings to expand Mississippi operations
View
Date:2025-04-17 22:25:17
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! (2)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 2024 Paralympics: Kate Middleton and Prince William Share Royally Sweet Message Ahead of Games
- 'Robin Hood in reverse': Former 'Real Housewives' star convicted of embezzling $15 million
- Biden plans to travel to Wisconsin next week to highlight energy policies and efforts to lower costs
- Senate begins final push to expand Social Security benefits for millions of people
- Fantasy football: Ranking 5 best value plays in 2024 drafts
- First look at new Netflix series on the Menendez brothers: See trailer, release date, cast
- Following protests, DeSantis says plan to develop state parks is ‘going back to the drawing board’
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Who aced the NHL offseason? Grading all 32 teams on their moves
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Los Angeles authorities searching for children taken by parents during supervised visit
- US Open Day 2: Dan Evans wins marathon match; Li Tu holds his own against Carlos Alcaraz
- Michigan power outages widespread after potent storms lash the state
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Officials thought this bald eagle was injured. It was actually just 'too fat to fly'.
- Kaley Cuoco's impassioned note for moms in Season 2 of Peacock's 'Based on a True Story'
- Man wins $439,000 lottery prize just after buying North Carolina home
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
The Daily Money: DJT stock hits new low
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Found Art
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Death toll is now 8 in listeria outbreak tied to Boar’s Head deli meat, CDC says
Michigan football's once spotless reputation in tatters after decisions to win at all cost
Lil Rod breaks silence on lawsuit against Sean 'Diddy' Combs: 'I'm being punished'