LTM Sets $50 Million Sights Next Decade, China Based Upholstery
August 26, 2011
Staley, North Carolina — LTM Textile Resources, LLC, a Chinese fabric converter and sourcing firm aims for $50 million in sales within ten years according to Tony Sutton, vice president, sales.
LTM started life as a ‘repping’ company to the RV aftermarket trade in 1976 with a line of electronics. In 1985, LTM launched its fabrics business also geared to the RV market and is now a full-fledged converter of Chinese made fabrics imported to the USA for the upholstery industry. The warehouse is in China with domestic U.S. distribution out of its Los Angeles and High Point. It also participates in China to China cut and sew. The line sells for $2.95-$9.95 in 100 percent polyester, considered mid price range today. Jason Ahn and Tony Sutton
LTM just introduced its first Nanotex® line at its permanent Textile Tower showroom at the last Showtime with a 40 sku collection. The designs are produced by Jason Ahn, LTM’s fulltime designer who collaborated with his team in LTM’s Shaoxing office just outside of Hangzhou. Design is achieved using Adobe Illustrator and Photoshop, Ahn explains.
The pair are getting mileage out of its plush hippo toy theme. The cuddly hippos wear a different LTM design each market and are handed out to customers who seem to love the critters.
Principal of LTM is Tony Sutton who makes his home in Huntington Beach, CA. F&FI