Admares to Invest $750 Million in Modular Housing Factory in Georgia, USA

Finnish company Admares plans to invest $750 million in a modular housing factory in Waycross, Georgia.

The company expects to hire 1,400 employees for the new facility.

Production is scheduled to begin in late 2025.

Project details

• Factory location: Waycross, Georgia, USA
• Factory size: 2.5 million square feet
• Investment: $750 million
• Planned jobs: 1,400
• Expected start of production: late 2025

Company plans

Admares is relocating its headquarters from Turku, Finland, to the United States.

The company plans to build six similar factories globally.

Each factory is expected to produce 5,000 to 6,000 homes per year.

Stated construction goals

• Heavily automated factory production
• Homes that require only a foundation and utility connections upon installation
• 80% reduction in material waste
• 75% lower carbon dioxide emissions than traditional housing construction methods

Why Waycross was selected

Admares chose Waycross because of rail and highway connections and proximity to the port at Brunswick.

Economic incentives mentioned

• Up to $28 million in state income tax credits
• Worker training support from the state
• Potential property tax breaks from Waycross or Ware County

Context from Georgia officials

The article says Georgia officials are concerned about affordable housing for workers.

Pat Wilson, the State Economic Development Commissioner, said the project could help address workforce housing needs.

The article also mentions approximately 17,000 new jobs expected from Hyundai’s Mega factory opening in Savannah in 2025.