Current:Home > StocksAshley home furnishings to expand Mississippi operations -EverVision Finance
Ashley home furnishings to expand Mississippi operations
View
Date:2025-04-17 17:12:39
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! (37)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Republicans hope to retain 3 open Indiana House seats and target another long held by Democrats
- US Rep. Lauren Boebert will find out whether switching races worked in Colorado
- Banana Republic Outlet Quietly Dropped Early Black Friday Deals—Fur Coats, Sweaters & More for 70% Off
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Jonathan Mingo trade grades: Did Cowboys get fleeced by Panthers in WR deal?
- California voters weigh measures on shoplifting, forced labor and minimum wage
- Gianforte and Zinke seek to continue Republican dominance in Montana elections
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- John Barrasso, Wyoming’s high-ranking Republican U.S. senator, seeks 3rd full term
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Florida prosecutor says suspect in deadly Halloween shooting will be charged as an adult
- Soccer Player José Hugo de la Cruz Meza Dead at 39 After Being Struck by Lightning During Televised Game
- After Disasters, Whites Gain Wealth, While People of Color Lose, Research Shows
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Man faces fatal kidnapping charges in 2016 disappearance of woman and daughter in Florida
- Nebraska adds former coach Dana Holgorsen as offensive analyst, per report
- Prince William Reveals the Question His Kids Ask Him the Most During Trip to South Africa
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
Sean 'Diddy' Combs' attorneys seek gag order after 'outrageous' claims from witness
Why are there no NBA games on the schedule today?
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
First-term Democrat tries to hold on in Washington state district won by Trump in 2020
Taylor Swift Reunites With Pregnant Brittany Mahomes in Private Suite at Chiefs Game
Prince's Sister Tyka Nelson Dead at 64