Lowe's to Build Flatbed Distribution CenterPurvis, Miss. Facility Will Serve More than 60 Lowe's Stores
MOORESVILLE, N.C., Nov. 12 /PRNewswire-FirstCall/ -- Lowe's Companies,
Inc. (NYSE: LOW) today announced plans for a new flatbed distribution center
in Purvis, Miss. The facility, located on Mangum Road, represents an
investment of approximately $15 million including land, construction and
equipment. The flatbed center will supply products to more than 60 Lowe's
retail stores in Mississippi, Louisiana, Alabama and Florida.
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The approximately 200,000-square-foot facility is situated on a 30-acre
site. Construction has begun and the facility is expected to begin shipping
operations in mid-2008. The facility will initially employ approximately 35
people.
"Flatbed distribution centers play a vital role in the state-of-the-art
distribution network that keeps Lowe's stores supplied with the products our
customers need," said Mike Mabry, Lowe's executive vice president of logistics
and distribution. "The outstanding workforce in Lamar County, support for
this project at both the local and state level, and the proximity to Lowe's
growing store base in the Southeast made this location a win-win solution in
helping us continue to meet our goals to better serve our customers."
The flatbed center will receive rail and truck shipments of large building
materials from suppliers. Products will then be quickly loaded as customized
orders on flatbed trucks destined for Lowe's stores in the Southeast. Lowe's
currently operates 14 flatbed centers throughout the United States.
"We are extremely proud that Lowe's has chosen Lamar County for its newest
flatbed distribution site," said Fred Hatten, president, Lamar County Board of
Supervisors. "Lamar County has seen steady growth during the past several
years and the addition of the distribution center is another indication that
the corporate community has confidence in our region."
Support for the project was provided by the Lamar County Board of
Supervisors, Area Development Partnership and the Lamar County Economic
Development District.
ABOUT LOWE'S
With fiscal year 2006 sales of $46.9 billion, Lowe's Companies, Inc. is a
FORTUNE(R) 50 company that serves approximately 13 million customers a week at
more than 1,450 home improvement stores in 49 states. Founded in 1946 and
based in Mooresville, N.C., Lowe's is the second-largest home improvement
retailer in the world. For more information, visit Lowes.com.
SOURCE Lowe's Companies, Inc.
