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HOW WE ANCHOR SUSTAINABILITY
THE JOURNEY TOWARDS OUR 4 SUSTAINABILITY COMMITMENTS
2021 RESULTS
2022 TARGETS
RISK AND COMPLIANCE
OUR BUSINESS MODEL
SUPPLY CHAIN
Furniture division
LTP Group is a manufacturer serving premium sport & outdoor and furniture brands with global reach. LTP Group is a specialist in handling textiles. LTP Group is composed of a garment division and a furniture division. Our group functions and our strategic functions, including sustainability, are located in Den- mark. Garment division The Garment division serve its customers by operating from fully owned factories and third-party production partners. LTP Garment, consists of a regional hub in Europe and in Asia. The European hub is located in Lithuania with a local management team, who are managing factories in 3 European countries. The Asia hub is located in Ho Chi Minh City. LTP Garment operates in 6 product categories: Active Sport, Cycling, Outdoor, Athleisure, Urban Performance and Sustainable Fashion & Lifestyle.
LTP Group’s position in the supply chain for both garment and furniture divisions is between material suppliers and brands. We play a critical role from the ideation stage to the delivery of the final product. Our customers, garment and furniture brands are designing the products and sending us technical specifications for the product development, construction and manufacturing. Most of the material suppliers we source from are nominated by our customers.
LTP Furniture offers a total supply chain solution including full assembly, packaging, and logistics. LTP Furniture, has each of its 4 European factories in Lithuania. In late 2021, LTP Furniture opened a new furniture factory in Mexico to support existing customers in serving the North American market. 2)
Note: 1) Countries with fully owned factories in 2021 are Lithuania, Ukraine, Belarus, Vietnam and Mexico: The full list of factories with details on location can be found on LTP website; 2) This factory in Mexico will not be fully operational before March 2022 and is not included in the 2021 results reporting.
LTP Group 2021 Sustainability performance report
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