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

Finnish company Admares has recently announced plans to invest a staggering $750 million in constructing a state-of-the-art modular housing factory in the U.S. state of Georgia. The ambitious project aims to revolutionize the housing industry by utilizing heavily automated factories for mass production. Admares, which is in the process of relocating its headquarters from Turku, Finland, to the United States, expects to hire 1,400 employees for the new facility.

Building a Sustainable Future:

Admares envisions a future where housing construction is both efficient and sustainable. The company's factory in Waycross, spanning an impressive 2.5 million square feet, is scheduled to commence production in late 2025. The firm plans to establish six similar factories globally, with each facility capable of producing 5,000 to 6,000 homes annually. Admares highlights that its homes will require only a foundation and utility connections upon

installation, boasting an 80% reduction in material waste and 75% lower carbon dioxide emissions compared to traditional housing construction methods.

Embracing Advanced Technologies:

By leveraging advanced technology, Admares aims to implement successful practices observed in other advanced industries. Mikael Hedberg, the founder and CEO, expressed excitement about adopting innovative approaches in the housing sector. The company's vision is to merge cutting-edge technology with housing production, offering unparalleled quality and efficiency.

Mikael Hedberg, the founder and CEO

Strategic Location and Economic Impact:

Admares selected Waycross due to its favorable rail and highway connections, as well as its proximity to the port at Brunswick. Georgia officials have long been concerned about affordable housing options for workers, and the company's arrival presents a potential solution. Pat Wilson, the State Economic Development Commissioner, acknowledged the significance of Admares' initiative in addressing the growing challenge of workforce housing. The company's facility could be eligible for various incentives, including $28 million in state income tax credits, worker training support from the state, and potential property tax breaks from Waycross or Ware County.

"This modular factory announcement offers a needed housing solution for the Georgia market. In Savannah, we anticipate approximately 17,000 new jobs from the Hyundai Mega factory opening in 2025. We need homes like never before and Admares is bringing a bright new opportunity for jobs and housing. I am thrilled to see this offsite solution impact so many including the rise in new employment." said Audree Grubesic, owner of Modular Sure Site, in Savannah GA.

Admares' significant investment in Georgia marks a transformative step toward revolutionizing the housing industry. With their advanced modular housing factories, the company aims to establish a new standard for sustainable construction while providing much-needed job opportunities. As Admares paves the way for a more efficient and eco-friendly future, their project has the potential to alleviate the pressing issue of affordable workforce housing in Georgia and beyond.


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