Foamcraft Inc., a manufacturer of polyurethane foam products, is investing $1.34 million to expand its Tupelo, Miss. operations.
The company said the expansion will create 40 jobs.
According to a news release from the Mississippi Development Authority, Foamcraft will expand into the 115,000-square-foot facility formerly occupied by Fibre Craft. Foamcraft will continue to operate from its current 75,000-square-foot site, located across from the Fibre Craft facility.
“As our many of our customers have expanded in recent months, so must we,” Foamcraft President Jim Hensley said in a statement. “This project will allow us to meet those increased production demands and continue our growth plan put into motion in 2011.”
Mississippi Development Authority will assist with the project to modify the company's existing dock facilities.
“Foamcraft is a great business partner to the state of Mississippi, and this expansion will position the company for many more years of prosperity in Tupelo,” MDA Executive Director Glenn McCullough Jr. said.
“Foamcraft's decision to expand its manufacturing presence is great news for Tupelo, Lee County and the north Mississippi region,” Mississippi Gov. Phil Bryant said in a statement. “The creation of these new jobs will benefit the local economy and improve the quality of life for the area's residents well into the future.”