The Lumber Manufactory said it will invest $15 million and create 50 jobs in New Albany, Mississippi, the company announced in a social media post. The company said the project will also provide another market for Mississippi timberland owners.
The Lumber Manufactory operates in the lumber and wood products sector, which includes processing timber and supplying materials to construction and manufacturing markets. Investments of this size typically fund new facilities, equipment or expansions that can increase local production capacity.
Officials and industry observers say new manufacturing projects can have outsized effects in smaller communities by adding payroll, supporting related suppliers and providing markets for local raw materials such as timber. Mississippi has a substantial forestry sector, and additional buyers for timber can benefit private landowners and regional supply chains.
Company officials did not provide additional details about the project timeline, exact site or the types of jobs to be created. We will provide more information as it becomes available.
