January 15, 2011 by staff
Thomasville Furniture, Furniture Brands International (NYSE: FBN) announced today that the company is developing an existing facility in Merida on the Yucatan Peninsula, to provide kits for dressmaking padding operations in the United States. The company expects the transaction to begin production in mid-2011 with an initial strength of 150 to 200 people.
“The development of our own generation assets in the coolest places is a key element in improving the profitability of Furniture Brands and manufacturing flexibility,” said Chairman and CEO Ralph Scozzafava. “Installation Merida allows us to capture the value of efficient production while improving our quality and delivery parameters. Our long-term supply chain calls for increased use of facilities and providers who are dedicated to our company and our success. ”
Ray Johnson, vice president of FBN of global supply chain, commented, “I am very pleased with the support of government and local businesses to help us establish our presence in Mexico. It is a step major operational excellence in our journey to provide the best cost and greater flexibility to our sales teams and operations. Merida gives us a good skilled workforce, proven experience in the operations of cutting and sewing, and a network flexible logistics. Accordingly, I am very pleased with our ability to Merida. ”
About Furniture Brands
Furniture Brands International (NYSE: FBN) is a global company is a leading designer of the nation, manufacturers and retailers of home furnishings. It markets through a broad range of sales channels in the mass merchant stores to single-brand and independent dealers to specialized interior designers. Furniture Brands serves its customers through some of the best-known brands and most respected in the furniture industry, including Broyhill, Lane, Thomasville, Drexel Heritage, Henredon, Pearson, Hickory Chair, Laneventure, and Maitland-Smith.
Issues addressed in this document and in our public communications, whether written or oral, relating to future events or future performance, including any discussion, express or implied, of our anticipated growth, operating results, earnings per share future plans and objectives, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are often identified by the words “will,”” believe “,”” positioned,””estimate “,”” project,”” target, “” continue”, “intend,””expects”The Future,”” anticipate,”and similar expressions that are not statements of historical facts. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Our actual results and timing of certain events could differ materially from those anticipated in such statements due to certain factors, including but not limited to, those set under the heading “Factors risque”dans our annual report on Form 10. – K for the year ended December 31, 2009, and in our other public filings with the Securities and Exchange These factors include, but s’ limited to: risks associated with executing our strategic plan, changes in economic conditions, loss of market share due to competition, failure to forecast demand or anticipate or respond to changing consumer tastes and fashion trends, failing to achieve projected mix of product sales business failures of large customers; realignments distribution, manufacturing realignments and cost savings programs, increasing the use abroad (import) sourcing of various products, fluctuations in the cost, availability and quality of raw materials, uncertainty of product liability, environmental regulations, future acquisitions, impairment of intangible assets, provisions anti-takeover which could result in a decreased valuation of our common shares, the loss of funding sources, and our ability to open and operate new stores successfully, it is common for internal projections and expectations change the year or each quarter of the year progresses, and as such must be clearly understood. All such statements and internal projections and beliefs upon which we base our expectations in this report or other periodic reports are made only from the date of publication and may change. While we may elect to update forward-looking statements at some point in the future, we assume no obligation to update any forward this is a result of new information, future events or otherwise.
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