Albany Industries will invest $700,000 of its own funds for new equipment at its new Galax plant, according to Terry Treadaway, vice president of the company.
This is in addition to a $2.5 million investment from local and state incentives for equipment, facility upgrades and job placement.
The New Albany, Miss.-based company will begin training and operations at Vaughan Furniture’s former B.C. Vaughan plant this week. Albany Industries, which makes upholstered household furniture, plans to create 335 new jobs for the area over three years.