Polyurethane foam manufacturer Innocor is increasing production at its two facilities in Baldwyn. The expansion marks a $4.1 million corporate investment and will create 90 jobs.
“Mississippi businesses, like Innocor, are at the core of our state’s growing economy,” Gov. Tate Reeves said. “We are proud to work with and support businesses like theirs as they expand and add new jobs to Mississippi’s workforce. This expansion creates opportunities for those 90 people as well as their families to achieve more and thrive.”
The expansion will include doubling Innocor’s manufacturing capacity on one of its manufacturing lines. The company also will relocate another manufacturing line into what was previously used as a distribution center. The addition of the 90 new jobs will increase employment by Innocor to more than 540 in the Baldwyn area.
“We are very excited for the opportunity to expand our business in Baldwyn. This would not be possible without the Mississippi Development Authority’s commitment to grow our existing industries in the state,” said Innocor General Manager Kevin Lindsey. “On behalf of Innocor, we sincerely appreciate the Mississippi Development Authority, Community Development Foundation, Lee County and the city of Baldwyn for all their support.���
The Mississippi Development Authority is providing assistance for building and infrastructure improvements and equipment installation. Lee County and the city of Baldwyn will provide property tax exemptions.
“MDA is pleased to assist Innocor with its expansion in Lee County, as 90 more individuals in Northeast Mississippi will have the opportunity to have good, steady jobs to provide for their families and give back to the community,” said MDA Deputy Director Mike McGrevey. “The teamwork of MDA, the Community Development Foundation, Lee County and the city of Baldwyn was instrumental in bringing these new jobs to our state.”
Innocor plans to complete the expansion by mid-February and plans to fill the 90 jobs by the end of the first quarter.
About Mississippi Development Authority
Mississippi Development Authority is the state’s lead economic and community development agency. MDA focuses on new business recruitment, existing business expansion, workforce training, and tourism promotion. For more information, visit MDA’s website at mississippi.org.
About Innocor
Innovation is in our name, and more importantly, it’s at the core of everything we do. For more than 60 years, we’ve been developing and producing advanced foam technologies for the commercial and retail channels. Our people are our greatest asset, and they define who we are and what we do every day. They are responsible for driving our desire to design and manufacture the most advanced comfort, sleep, furniture, marine and packaging products in the industry. Innocor Inc® is proud of keeping jobs in America. We operate 22 facilities in America where our foam is manufactured and our products are assembled. Every component and product we make meets the highest standards for quality and safety. Our commitment to safety and operational excellence is paramount. Our dedication to delivering the highest quality products is unwavering. Our passion to understand how we can help you is our mission.
MDA Press Release
1/28/2020
