Current:Home > StocksAshley home furnishings to expand Mississippi operations -FinTechWorld
Ashley home furnishings to expand Mississippi operations
NovaQuant View
Date:2025-04-08 05:13:11
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! (8)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Kourtney Kardashian's Photo of Baby Boy Rocky Proves Christmas Is About All the Small Things
- Israeli man whose parents were killed on Oct. 7 calls for peace: We must break this pattern of violence
- Russian naval ship in Crimea damaged in airstrike by Ukrainian forces, Russian Defense Ministry says
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Imprisoned Russian opposition leader Navalny located in penal colony 3 weeks after contact lost
- Where is Santa? How to watch his Christmas Eve journey live on NORAD, Google
- How Pioneer Woman Ree Drummond Keeps Her Marriage Hot—And It's Not What You Think
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- 'The Color Purple': Biggest changes from the Broadway musical and Steven Spielberg movie
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Why Giants benched QB Tommy DeVito at halftime of loss to Eagles
- Colts choose strange time, weak opponent to go soft in blowout loss to Falcons
- Brunson scores 38, Knicks snap Bucks’ seven-game winning streak with 129-122 victory
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- See Prince George, Princess Charlotte and Prince Louis Steal the Show During Royal Christmas Walk
- 4 young children and their mother were killed in their French home. The father is in custody
- Iran dismisses U.S. claims it is involved in Red Sea ship attacks
Recommendation
Rylee Arnold Shares a Long
Banksy artwork stolen in London; suspect arrested
Morocoin Trading Exchange: Detailed Discussion on the 2024 STO Compliant Token Issuance Model.
'The Color Purple': Biggest changes from the Broadway musical and Steven Spielberg movie
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Fact checking 'Boys in the Boat': How much of George Clooney's crew drama is true?
Microsoft CEO Satya Nadella discusses the promise and potential perils of AI
Watch live: Surfing Santas hit the waves for a Christmas tradition in Florida