By Liz White, UT staffLexington, Kentucky-Following warnings of foam supply disruption from various furniture and bedding groups, mattress and pillow maker Tempur-Pedic International Inc. has issued a statement saying the group is not suffering any supply problems. “We have received several inquiries regarding possible shortages and other potential supply chain disruptions with respect to polyurethane foam and other raw materials,” commented president Thomas Bryant. While “some companies in the industry appear to be facing supply shortages,” various factors help “insulate Tempur-Pedic from these issues and we do not currently expect our business will be significantly impacted,” Bryant added. The group said it sources chemicals from multiple suppliers on a global basis. And also, as part of a “vertically integrated business model,” it makes its own Tempur viscoelastic foam. The company said it has also worked with existing suppliers to avoid supply interruptions. “We currently have adequate supplies of finished goods inventory, and our major suppliers currently report no significant impact from what is believed to be a temporary disturbance within the broader industry,” Bryant said. “In the updated financial guidance for 2005 that the Company announced on September 19, we noted that chemical prices and fuel charges had recently increased, and we included the estimated impact of those increases in our revised guidance. Our estimate of their anticipated impact has not changed significantly since that time,” Bryant explained. Tempur-Pedic said it will update these comments when it releases its third-quarter results 20 Oct 2005″
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