New Plant Reflects Increasing Demand for The Office by Stanley

Furniture World Magazine

Stanley Furniture Company, Inc. (Nasdaq: STLY), a recognized leader in the rapidly growing home office product category, announced the opening of a factory dedicated exclusively to the production of the company's popular Office by Stanley home office line. Prompted by unprecedented growth in consumer demand, the 300,000-square- foot facility near Martinsville, VA, is ergonomically designed for maximum safety and comfort and features state-of-the-art equipment that will cut production time in half. Already known for quick shipping, Stanley expects the new plant -- its fifth production facility -- to achieve a long-term goal of shipping customer orders in two weeks on average. "Home office is one of the fastest-growing segments of our business, and our goal is for this to be the most efficient manufacturing plant for home office furniture in the country," says Albert L. Prillaman, Stanley chairman, president and CEO. "We've invested in equipment that enables people to do their jobs more efficiently, accurately and safely. "Among that new equipment are a computerized cut-off system to maximize lumber yield, and four computerized routers that perform multiple cutting operations. In addition, the new facility will help Stanley lower its costs while further improving its quality performance, which already ranks among the best in the industry. With home offices projected to be in nearly 50 million American households by the year 2002, the market is growing at a rate that challenges the industry to provide quality home office furniture that's both functional and stylish. Stanley's home office selections are unique in the industry in that they complement the company's most popular furniture collections and thus can be matched with every room in the house. The Office by Stanley features nearly 200 items and includes options to suit every need, from executive and writing desks to modular wall systems and corner configurations. Established in 1924, Stanley Furniture Company, Inc. is a leading manufacturing of wood furniture targeted at the upper-medium price range of the residential market. The company has manufacturing facilities in Stanleytown and Martinsville, VA, and Robbinsville, Lexington and West End, N.C. Stanley's common stock trades on the NASDAQ stock market under the symbol STLY. Visit Stanley Furniture on the worldwide web at http://www.stanleyfurniture.com.