Archive for the ‘Manufacturing’ Category
Ashley Furniture HomeStore, the largest furniture retailer in the U.S., celebrated the opening of its 500th store in Longview, Texas, on Feb. 21. It is the chain’s 48th store in the Lone Star state.
The company, whose sales exceeded $3 billion in 2013, has 50 additional HomeStore openings on tap in 2014.
“When the first HomeStore opened in 1997 (in Anchorage, Alaska), we were confident that this business model would be capable of providing complete home furniture solutions that would meet or exceed consumer expectations in price, delivery and service,” said Todd Wanek, president and CEO of Ashley and Ashley Furniture HomeStore.
“It is with a tenacity to never stop innovating that our teams – from the local level to our corporate headquarters – have propelled our growth throughout the last two decades, and with the latest improvements to our operations and customer fulfillment systems, I’m confident that this trend will continue into the future.”
Ashley Furniture Industries employs about 3,000 workers at its facilities in Northeast Mississippi: Ecru, Ripley and Verona.
Cooper Tire & Rubber Co. is seeking $20 million in state money, plus another $18 million from Tupelo and Lee County to upgrade its plant in Tupelo.
As reported today by the Daily Journal’s Bobby Harrison, Cooper promises to keep at least 1,300 jobs for 10 years.
The company, which has been in Tupelo since 1984, currently employs 1,600 with an annual payroll of $80 million.
An excerpt from the story:
David Rumbarger, CEO of the Lee County-based Community Development Foundation, said the hope is to lure Cooper to spend those modernization funds at the Tupelo plant. Rumbarger and Cooper officials met with Gov. Phil Bryant and legislative leaders about the possibility of passing legislation during the ongoing session to commit the funds to the Cooper project.
Cooper CEO Roy Armes said the goal is “to modernize our facility to make it more globally competitive.” Cooper also has plants in Mexico and China that Tupelo is in competition with for the company’s planned $140 million investment.
Read more of Bobby’s story by clicking here.
From the CDF:
Northeast Mississippi industries can absorb many, if not all of the 480 people laid off as a result of Lane Furniture Industry’s recent Saltillo facility closure. Among those hiring are Ashley Furniture Industries, Prime Hospitality Group, American Furniture, and H.M. Richard’s.
“The furniture industry in Northeast Mississippi is very healthy and many of these dislocated workers will have the opportunity to stay within the furniture sector,” said Community Development Foundation President David Rumbarger. “It is the work ethic of hard workers like those at Lane and others that have made the furniture business in Northeast Mississippi the largest cluster of companies.”
Many industries ask job seekers to apply on site while others are utilizing the WIN Job Center to facilitate its hiring process. The intent of the WIN Job Center is to simplify all programs under a single, comprehensive system. The Mississippi Department of Employment Services and The WIN Job Center will hold four Rapid Response sessions Wednesday, February 26, from 8:00 a.m. – 3:30 p.m. as well as a job fair from 9:00 a.m. – 2:00 p.m. All events will take place at the WIN Job Center’s Belden location and are available for former Lane employees only. Over 15 employers will be present. For more information, visit mdes.ms.gov. Read the rest of this entry »
Toyota Motor Manufacturing Mississippi has been helping with Habitat for Humanity since 2011, and today, employees of the plant – they’re called “team members” – got started on another one this morning. But this particular home is a little different.
For the first time, Toyota Mississippi is completely funding its construction. It’s paying not only for building costs, but also providing 100 percent of the labor, through company volunteers.
More from Toyota Mississippi:
Mississippi team members arrived to a bare slab this morning, but it wasn’t bare for long. Team members worked all day putting up the walls that will turn this slab into a home for a family from Lee County in just 10 weeks.
“Toyota Mississippi is dedicated to supporting the mission and values of Habitat for Humanity,” said Toyota Mississippi president Masafumi Hamaguchi. “And I am very happy to say we have donated over $87,000 to Habitat for Humanity in North Mississippi since 2011. Our goal is to enhance quality of life for families in local communities.” Read the rest of this entry »
UPDATE/CORRECTION 2.20.14: Guessed I missed the memo, but EADS North America recently became Airbus Helicopters, but the info about the helicopter contract remains the same. Seems Sen. Cochran’s office missed the memo, too. Oops!
Anyway, below is Wednesday’s original post announcing the deal:
U.S. Senator Thad Cochran (R-Miss.), vice chairman of the Senate Defense Appropriations Subcommittee, today announced that the Army has awarded $22.8 million contract modification to EADS North America for the purchase additional UH-72A Lakota helicopters produced in Mississippi.
“I am proud of the manufacturing capabilities and technical expertise of our workers in Mississippi, whose efforts support Army missions both at home and broad,” Cochran said. “This contract modification can be seen as confirmation of those abilities.”
Work on the new aircraft will be performed at the EADS North America facility in Columbus, with an estimated March 2015 completion date.
The FY2014 omnibus appropriations act enacted in January provided $171 million to support the procurement of additional UH-72A Lakota helicopters, which is considered one of the most cost-effective programs in the military. In addition to being used for military missions, these helicopters are used to support disaster response, border protection and pilot training.
Bauhaus, which was founded in 1989 in Saltillo, was acquired by La-Z-Boy for $60 million in 1999.
La-Z-Boy Chairman, President and CEO Kurt Darrow said the company no longer fit into its business model.
From La-Z-Boy’s perspective, with our emphasis on integrated retail, Bauhaus is not a strategic fit from a size perspective in terms of its revenue or earnings and we believe our resources will be further enhanced by narrowing our focus to our core business strategy.”
While terms were not disclosed, La-Z-Boy is selling Bauhaus to an investor group led by Bauhaus President Britt Allred.
Said Darrow: “We are pleased to have the opportunity to sell Bauhaus to an investor group that will provide continuity and seamlessness to all its customers through the transition period to new ownership. I am confident Britt and his team will ensure customers receive the same level of innovation and service from Bauhaus that they have come to expect and we wish the new ownership group and employees all the best going forward.”
The deal should be completed by the end of La-Z-Boy’s fourth quarter, which is in April.
La-Z-Boy’s remaining brands in its upholstery division includes its namesake brand and England. The company also has a case goods division that includes American Drew, Lea, Hammary and Kincaid.
Caterpillar, which already employs 1,200 people at four manufacturing plants and a warehouse in Corinth, cut the ribbon on its newest facility this morning on its Large Engine Remanufacturing Facility, also known as Plant No. 2.
The $14.8 million investment will generate 30 jobs and also expands the company’s capabilities to further. Caterpillar is remanufacturing the 21-ton C175 engine, which is used for mining vehicles and power plants.
Caterpillar is using the former Tecumseh building in Corinth, turning what had been a warehouse space for Cat into a remanufacturing plant.
Remanufacturing is much like refurbishing, but every part is disassembled, retooled and put in good-as-new shape.
Greg Folley, Caterpillar’s vice president of remanufacturing, components and work tools division, said the project, which has been in the works for two years, said Corinth landed the project over Caterpillar sites in Indiana.
There, the facilities manufacture and remanufacture, and the Corinth operations were a better fit, he said.
The Mississippi Development Authority provided a $300,000 grant for renovations, while The Alliance of Corinth and Alcorn County provided $10,000 in matching funds.