Current:Home > InvestAshley home furnishings to expand Mississippi operations -Core Financial Strategies
Ashley home furnishings to expand Mississippi operations
Fastexy Exchange View
Date:2025-04-09 08:13:30
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! (86932)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Australia bans Nazi salute, swastika, other hate symbols in public as antisemitism spikes
- Jennifer Lopez laughs off 'Sad Affleck' memes, says Ben is 'happy'
- Former Michigan staffer Connor Stalions breaks silence after Wolverines win national title
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Will the Peregrine lunar lander touch down on the moon? Company says it's unlikely
- United, Alaska Airlines find loose hardware on door plugs on several Boeing 737 Max 9 planes
- A minivan explodes in Kabul, killing at least 3 civilians and wounding 4 others
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Millions could lose affordable access to internet service with FCC program set to run out of funds
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Young man killed by shark while diving for scallops off Pacific coast of Mexico
- Moon landing attempt by U.S. company appears doomed after 'critical' fuel leak
- Global economy will slow for a third straight year in 2024, World Bank predicts
- Military service academies see drop in reported sexual assaults after alarming surge
- Explosion at historic Fort Worth hotel injures 21, covers streets in debris
- Nicole Kidman Was “Struggling” During 2003 Oscars Win After Finalizing Divorce From Tom Cruise
- Hayley Erbert Praises Husband Derek Hough's Major Milestone After Unfathomable Health Battle
Recommendation
The Super Bowl could end in a 'three
Stop Right Now and Read Victoria Beckham’s Birthday Note to “Loving Daughter in Law” Nicola Peltz Beckham
Michigan woman wins $2 million thanks to store clerk who picked out scratch off for her
Nigerian leader suspends poverty alleviation minister after financial transactions are questioned
North Carolina justices rule for restaurants in COVID
A new discovery in the muscles of long COVID patients may explain exercise troubles
Aftermath of Sandman Signature Fort Worth Downtown Hotel explosion: See the photos
Nigerian leader suspends poverty alleviation minister after financial transactions are questioned