SUSTAINBILITY HIGHLIGHTS 2022
In Vietnam, a post-pandemic wave of orders and a shift away from China, resulted in a growth rate of more than 100%. This tremendous growth brought challenges in production functions and led to instances of excessive overtime. To prevent this situation from happening again, expansion plans were made and will be approved to ensure sufficient future capacity in Vietnam. Mexico's furniture division successfully delivered its first orders to the North American market in 2022, marking a major achievement for the company. Moreover, the local near-shoring strategy will result in reduced emissions from local production.
This move is in line with LTP's commitment to sustainability and responsible business practices.
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