Albany Industries buys plant, expanding
TIPPAH COUNTY — Albany Industries is expanding its manufacturing base into Tippah County with the recent purchase of the 260,000-square-foot Agracel facility in the North Ripley Industrial Park.
Production capacity had reached a peak in the company’s New Albany facility and additional manufacturing space was needed, according to Richie McLarty, president of Albany Industries.
Company representatives indicate that as many as 200 new jobs will be created at the new facility with production scheduled to begin in late June.
Terry Treadaway, vice president of logistics and shipping, said that the new facility will be a manufacturing facility and typically a customer pickup location. Very little of the building will be used for warehousing or storage of finished goods.
Albany Industries is an upholstered furniture manufacturer that was founded in 1995 in New Albany with 15 employees in a 10,000-square-foot facility. Since then, the company has grown to almost 500 employees in almost 700,000 square feet of manufacturing space in Union County.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Court rules against Greenwood councilwoman; must give up office
- David Duval, former British Open winner, joins Sanderson Farms field
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal