LTP Annual Sustainability Performance Report 2022

OUR BUSINESS MODEL

bringing awareness and decrease of the environmental impact of the business through tracking emissions. LTP Group occupies a strategic position in the supply chain between material suppliers and the brands, serving a critical role from concept- stage to the delivery of the final product. Both in the garment and the furniture division the brands are designing the products and sending technical specifications to LTP for final development, construction, and manufacturing. "Being a link in the supply chain, between brands and suppliers, LTP works closely with customers, suppliers and production partners to create sustainable solutions"

LTP Group serves premium garment and furniture brands, offering manufacturing expertise, and being a specialist in handling textiles for many different products. LTP Group is comprised of a garment division and a furniture division. Through building a global manufacturing footprint LTP Group offers customers the possibility to have the manufacturing services including the materials sourcing near their customers - the end consumers. The business model accommodates the conscious choice of material and manufacturing partners and allows LTP Group to quickly adjust to match changes in the market conditions. A highly skilled workforce with deep industry knowledge serves the customers from 12 production sites located in 6 countries. Local factories are involved in achieving strategic targets and ensuring continuous improvements in all aspects of the business. LTP Group commits to high quality through manufacturing practices and keeps a strong focus on strengthening the sustainable offering of technically complex production capabilities and services to ensure longevity of products delivered. The processes and workflows are supported by continuous digitalization and integration with customers,

LTP GROUP MANUFACTURER

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