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At LISI AEROSPACE, 2011 was marked by several
milestones. The first one, which is of major importance,
was the particularly rapid integration of the Creuzet
group, acquired in July 2011, and the setup, within the
group, of a Structural components arm of significant
size. This acquisition had an immediate effect on
the consolidation scope of the group, whose sales
volumes rose mechanically by €58.9 million in the
second half of 2011. Second milestone: as a result
of efforts undertaken in previous years, the division
has significantly improved its profitability across its
business units.
The division’s sales revenue was driven by the higher
rates at the Group’s customers. The financial year 2011
was also marked by the resumption of the “Special
Products” activities in the U.S. and Canada and by the
very strong growth (+47%) of the European units of
the Fasteners arm, which are at the top of their cycle. A
new production organization has also been established
in the Fasteners arm’s factories. Gradually, standalone
production units, themselves comprised of standalone
production groups, have emerged in the workshops.
These changes are intended to empower the teams
to undertake efforts to improve operational efficiency
and reduce quality flaws. The autonomy and versatility
of the teams which this scheme has developed, have
improved responsiveness, team spirit at the workshops,
and increased significantly the productivity of the
plants. The deployment of these methods will be
continued in 2012 throughout the workshops.
Quality strengthened and
stabilized
These operational improvement initiatives are not
new at LISI AEROSPACE. The efforts undertaken in the
past several years have thus improved significantly
the performance levels across all of the Group’s plants.
The deployment of the Lean initiatives and Six Sigma
projects continued in 2011 through the deployment of
an ambitious training program. In this context, “Green
Belt” certification was awarded to twenty-two of the
division’s employees for their contribution
Focus on
operational
improvement
Nevertheless, LISI AEROSPACE
maintained in 2011 its efforts in terms
of operational improvement. Several
ambitious programs have been deployed
at the division’s major sites.