Current:Home > MarketsAshley home furnishings to expand Mississippi operations -Prime Money Path
Ashley home furnishings to expand Mississippi operations
View
Date:2025-04-12 15:11:01
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! (6)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- How to Watch NBC's 2023 Rockefeller Christmas Tree Lighting Ceremony
- Sherrod Brown focuses on abortion access in Ohio Senate reelection race
- Puerto Rico’s famous stray cats will be removed from grounds surrounding historic fortress
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Sports Illustrated is the latest media company damaged by an AI experiment gone wrong
- Harry Jowsey Gifts DWTS' Rylee Arnold $14,000 Bracelet as They Spend Thanksgiving Together
- Margot Robbie Has a Surprising Answer on What She Took From Barbie Set
- Skins Game to make return to Thanksgiving week with a modern look
- Corruption case reopened against Argentina’s Vice President Fernández, adding to her legal woes
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- U.S. life expectancy starts to recover after sharp pandemic decline
- Argentina’s president-elect tells top Biden officials that he’s committed to freedom
- Savannah Guthrie announces 'very personal' faith-based book 'Mostly What God Does'
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Climate contradictions key at UN talks. Less future warming projected, yet there’s more current pain
- Former Google executive ends longshot bid for Dianne Feinstein’s US Senate seat in California
- Activists on both sides of the debate press Massachusetts lawmakers on bills to tighten gun laws
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
A magnitude 5.1 earthquake hits near Barbados but no damage is reported on the Caribbean island
You can only watch it here: Exclusive release of Netflix's trailer USWNT 'Under Pressure'
Navy removes fuel from spy plane that crashed into environmentally sensitive bay in Hawaii
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Opening statements to begin in the final trial in the 2019 death of Elijah McClain
4 news photographers shot in southern Mexico, a case authorities consider attempted murder
Myanmar and China conduct naval drills together as fighting surges in border area