|
FOAMEX INTERNATIONAL QUALITY MANAGEMENT SYSTEM
MEETING NEW INTERNATIONAL QUALITY SPECIFICATIONS
Underwriters Laboratories Certifies Foamex to ISO/TS 16949 Specification
LINWOOD, PA, September 27, 2004 –
Foamex International Inc. (NASDAQ: FMXI), the world's leading manufacturer of
flexible polyurethane and advanced polymer foam products, today announced that the
Company's Quality Management System has been certified by Underwriters Laboratories,
an independent product-safety testing and certification organization, to the ISO/TS 16949
international quality specification.
The current automotive quality system standard, QS 9000, will expire in December
2006. ISO/TS 16949 has been accepted by the Ford, General Motors and Daimler-Chrysler
as the replacement for that body of standards going forward. Foamex's Automotive and
Technical Products divisions have continually improved to meet the stringent requirements
for certification to ISO/TS 16949 two years in advance of the expiration of QS 9000.
The major improvements of ISO/TS 16949 standards are:
Increased focus on customer-specific requirements and feedback;
Continual improvement in all company processes;
Executive-level involvement in the Quality Management System; and
Using the process approach to establish and assure effectiveness of all
processes of the organization, including non-manufacturing functions.
Foamex will also work with its raw material suppliers to ensure that their quality
management systems meet the highest industry standards.
"I am proud that Foamex is the first flexible polyurethane foam supplier servicing
the automotive industry to achieve the ISO/TS 16949 certification standard," said
Thomas E. Chorman, President and Chief Executive Officer of Foamex. "We are keenly
focused on providing the highest level of quality and service to our all of our
customers. This certification is a significant achievement for Foamex and further
underscores our commitment to quality and customer service."
About
Foamex International Inc. headquartered in Linwood, PA, is the world's leading
producer of comfort cushioning for bedding, furniture, carpet cushion and automotive
markets. The Company also manufactures high-performance polymers for diverse
applications in the industrial, aerospace, defense, electronics and computer
industries. For more information visit the Foamex web site
at
http://www.foamex.com.
Forward-Looking Statements
This press release contains written and oral statements made from time to time by
representatives of the Company that may contain, forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Such forward-looking statements
include, without limitation, those relating to completion of operational restructuring
as currently contemplated and the currently anticipated benefits of the restructuring,
including those relating to the work force reductions, cost savings and restructuring
charges, the expected benefits of expanding the use of VPF technology, the Company's
ability to introduce new products, enhance sales growth and margins and the outlook
for the Company's financial performance. These forward-looking statements are affected
by risks, uncertainties and assumptions that the Company makes about, among other
things, its ability to implement customer selling price increases in response to higher
raw material costs, raw material price increases, general economic conditions, conditions
in the capital markets, the interest rate environment, the level of automotive
production, carpet production, furniture and bedding production and housing starts,
the completion of various restructuring/consolidation plans, the achievement of
management's business plans, its capital and debt structure (including financial
covenants), litigation and changes in environmental legislation and environmental
conditions and other factors mentioned in the documents filed by the Company with
the Securities and Exchange Commission. While the Company believes that its assumptions
regarding the foregoing matters are reasonable, any of the assumptions could be
inaccurate, and therefore there can be no assurance that the Company's forward-looking
statements will prove to be accurate. Additional information that could cause actual
results to vary materially from the results anticipated may be found in the Company's
most recent Form 10-K and other reports filed with the Securities and Exchange
Commission. Readers should be aware that any forward-looking statement made in this
press release or elsewhere by the Company speaks only as of the date on which it is
made, and the Company disclaims any obligation or intent to update any of the factors
listed above or forward-looking statements.
# #
# |