Frank Saxon Speaks
April 6, 2012
HIGH POINT, North Carolina — “Culp Inc. is the only home fabrics company with a major presence in China, 500 employees in fact,” said Frank Saxon, CEO.
Culp serves the U.S. furniture manufacturer and retailer with a vertically integrated China based network of cut and sew and weaving operations. With its new warehouse in Poznan, Poland, Culp expects to make a big dent in the European furniture market as well. Europe is the second largest market after the USA and Canada.
“A lot of our competitors in Europe are converters without our financial strength,” he continued. Culp is a publicly held company in the USA. “That’s important in making our customers comfortable with Culp. Many furniture factories have moved to Poznan or within three hours of this city. Culp is now in the center of the action. Furniture producers in France and Germany are expanding. Northern Europe is in better shape financially than Southern Europe,” he said.
Recycled leather has caught on in the USA and Saxon feels it will take some time for it to be successful with the European producers. F&FI