LFP to choose site for new plant
June 18, 2001-- Home Textiles Today,
Latex Foam Products Inc. announced that site selection is under way for a new state-of-the-art manufacturing facility. The company's previous facility here was destroyed in a fire last month.
LFP, which works closely with the Wilmington, DE-based DuPont Sleep Products, also plans to have a fabrication/distribution facility operating on the East Coast within the next 30 days, said Stephen Russo, president/ ceo, LFP. The facility will allow the latex foam manufacturer to maintain its supplies of latex mattress cores to its customers until the new manufacturing plant is operational, he added. In addition to mattress cores, LFP also produces latex foam pillows as well as foam products for a range of applications.
Currently, LFP's customers are being supplied with foam made by European manufacturers.
The company is considering locating the new plant in Connecticut or the Southeast. When completed, the new production facility will completely replace the original plant as well as a planned second one, which had been under way when the fire occurred.
Despite the fire, LFP has said it will meet its projections of 45 percent growth over the next year, Russo said.
Almost 250 people were left unemployed by the fire. LFP announced that in addition to any benefits its workers were receiving from state and federal agencies, that they would receive salary continuation benefits equal to a week's pay for every year of service.