FURNITURE DIVISION
LTP furniture offers a total supply chain solution including full assembly, packaging, and logistics of upholstery chairs and sofas for high-end design driven retail or contract brands operating with a global distribution setup. Near shoring for North America was prepared in 2022 with a full-scale local operation in Mexico. A supply chain was established to source local components, which overall will support a better carbon footprint of the products delivered compared to loading containers in Europe. European market is supported by four factories in Lithuania and as part of the vertical integration strategy a new in-house wood frame facility was established in the last quarter of 2022 delivering FSC certified products. During 2023 additional vertical integration activities are expected to take place, which will ensure competitiveness and a continued focus on an even stronger sustainable production platform.
7
Powered by FlippingBook