Current:Home > InvestEchoSense:Ashley home furnishings to expand Mississippi operations -MoneyMatrix
EchoSense:Ashley home furnishings to expand Mississippi operations
Indexbit Exchange View
Date:2025-04-08 22:39:01
JACKSON,EchoSense 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! (258)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Miley Cyrus Returns to the Stage With Rare Performance for This Special Reason
- Jill Biden unveils White House holiday decorations: 98 Christmas trees, 34K ornaments
- Fed’s Waller: Interest rates are likely high enough to bring inflation back to 2% target
- Military service academies see drop in reported sexual assaults after alarming surge
- Kenosha man gets life in prison for fatally stabbing his father, stepmother with a machete in 2021
- College Football Playoff rankings prediction: Does Ohio State fall behind Oregon?
- How much should you tip? How about nothing? Tipping culture is out of control.
- Meet first time Grammy nominee Charley Crockett
- Relatives and a friend of Israelis kidnapped and killed by Hamas visit Australia’s Parliament House
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Mark Cuban reportedly plans to leave ABC's 'Shark Tank' after more than a decade
- Stephen Colbert forced to sit out 'Late Show' for a week due to ruptured appendix
- Man who wounded 14 in Pennsylvania elementary school with machete dies in prison 22 years later
- Global Warming Set the Stage for Los Angeles Fires
- Who could be a fit for Carolina Panthers head coaching job? Here are 10 candidates to know
- Niger’s junta revokes key law that slowed migration for Africans desperate to reach Europe
- Fed’s Waller: Interest rates are likely high enough to bring inflation back to 2% target
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Winter arrives in Northern Europe, with dangerous roads in Germany and record lows in Scandinavia
New Google geothermal electricity project could be a milestone for clean energy
As Mexico marks conservation day, advocates say it takes too long to list vulnerable species
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Antisemitic incidents in Germany rose by 320% after Hamas attacked Israel, a monitoring group says
Kylie Jenner reveals she and Jordyn Woods stayed friends after Tristan Thompson scandal
Sumatran rhino, critically endangered species, gives birth at Indonesian sanctuary: Watch