Current:Home > StocksAshley home furnishings to expand Mississippi operations -NextLevel Wealth Academy
Ashley home furnishings to expand Mississippi operations
View
Date:2025-04-16 13:55:57
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! (24183)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- College football Week 4 highlights: Ohio State stuns Notre Dame, Top 25 scores, best plays
- Pakistan recalls an injectable medicine causing eye infection, sight loss and orders a probe
- 'Goodness wins out': The Miss Gay America pageant's 50-year journey to an Arkansas theater
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Why Spain’s conservative leader is a long shot to become prime minister despite winning election
- Gisele Bündchen opens up about modeling and divorce
- Savannah Chrisley pays tribute to ex Nic Kerdiles after fatal motorcycle crash: 'We loved hard'
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- 6 dead after train barrels into SUV at Florida railroad crossing
Ranking
- B.A. Parker is learning the banjo
- Suspect arrested after shooting at the Oklahoma State Fair injures 1, police say
- Fact checking 'Cassandro': Is Bad Bunny's character in the lucha libre film a real person?
- On the campaign trail, New Zealand leader Chris Hipkins faces an uphill battle wooing voters
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- A Taiwan golf ball maker fined after a fatal fire for storing 30 times limit for hazardous material
- Philippines vows to remove floating barrier placed by China’s coast guard at a disputed lagoon
- Thousands flee disputed enclave in Azerbaijan after ethnic Armenians laid down arms
Recommendation
A South Texas lawmaker’s 15
Ohio State's Ryan Day calls out Lou Holtz in passionate interview after win vs. Notre Dame
EU commissioner calls for more balanced trade with China and warns that Ukraine could divide them
College football Week 4 grades: Clemsoning is back. Give Clemson coach Dabo Swinney an F.
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Breakers Dominika Banevič and Victor Montalvo qualify for next year’s Paris Olympics
Inside Kourtney Kardashian and Travis Barker's Disney-Themed Baby Shower
Måneskin's feral rock is so potent, it will make your insides flip