USA – American Woodmark Corporation, one of the largest kitchen cabinet manufacturers in North America, will increase its kitchen and bath cabinet capacity for east coast markets.
The project will represent a total expected capital investment of approximately USD 65 million over the next two years and result in the creation of more than 500 new jobs. The Company expects to pay for this investment with cash on hand and borrowings from its revolving credit facility.
“Our company strategy is focused on Growth, Digital Transformation and Platform Design or “GDP”. Following a comprehensive review of our platform, we identified the need for additional capacity in our stock kitchen and bath cabinetry product lines. By adding a fourth facility in Mexico and expanding the Hamlet, North Carolina location, we will strengthen our overall supply chain and allow for incremental capacity in both categories on the east coast, which is one of the largest repair/remodel and new construction markets,” said Scott Culbreth, President and Chief Executive Officer.
The investment will expand North Carolina and Mexico by more than 46,000 square meter. The expansion yields additional capacity in both component manufacturing and cabinet assembly.
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