Albany Industries opens 335-employee furniture plant

Posted by Karen Koenig | Posted: 10/12/2011 12:36PM

 

Albany Industries GALAX, VA – Upholstered furniture manufacturer Albany Industries will invest $2.5 million in a new operation in Galax, VA, creating 335 new jobs. 

"Galax is an ideal location for us to serve our Northeast markets," said Albany Industries president Richie McLarty. "This is a pro-business community with a workforce that's a perfect match for our needs."

Albany Industries is headquartered in New Albany, MS. Founded in 1995, the company currently employs more than 450 people in a 500,000-square-foot manufacturing facility. In 2009, 100 percent of Albany Industries’ stock was acquired by an ESOP trust.

The Galax plant was last operated by Vaughan Furniture Co., which ceased operations there in 2008, laying off 275.

"This project brings 335 new jobs to a city of 7,000 people," said Virginia Governor Bob McDonnell. "The company will revitalize a vacant property that formerly served as the B.C. Vaughan manufacturing facility."

The Virginia Economic Development Partnership worked with the City Council of Galax and Virginia's Corridor to secure the project. Governor McDonnell approved a $300,000 grant from the Governor's Opportunity Fund to assist Galax with the project. The Virginia Tobacco Indemnification and Community Revitalization Commission approved $680,000 in Tobacco Region Opportunity Funds for the project. The Virginia Department of Business Assistance will provide funding and services to support the company's recruitment, training and retraining activities.

The furniture plant opening follows a bevy of reports on a revival of U.S. wood manufacturing. The Boston Consulting Group recently forecast furniture as among seven sectors that could create 2 to 3 million jobs as manufacturing returns to the U.S.

 

About the Author

Karen Koenig

Karen M. Koenig has more than 25 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As Editor-in-Chief of Woodworking Network magazine (formerly Wood & Wood Products), Karen’s primary responsibilities include spearheading the writing, editing and coordinating of the editorial content of the publication, along with the Red Book resource guide and the Red Book online source and supply directory (RedBookOnline.com). She is also a frequent contributor to other Woodworking Network online and print media. She can be reached at kkoenig@woodworkingnetwork.com or Google+.

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