LISI 2012
        
        
          25
        
        
          
            Four major categories of capital
          
        
        
          
            investments
          
        
        
          The capital investments initiated or finalized in 2012 can
        
        
          be generally classified in four categories.
        
        
          The first are the structural investments aimed at the opti-
        
        
          mization and rationalization of the industrial plant, the
        
        
          industrial “footprint”.
        
        
          The purpose of the second, the innovative investments, is
        
        
          the launch of new products which will ensure growth in
        
        
          the future.
        
        
          Next are the capacity investments which are programmed
        
        
          in order to deal with the growth of our current and new
        
        
          markets.
        
        
          The last part the indispensable and recurrent capital in-
        
        
          vestments. They are for the renovation of infrastructures,
        
        
          the upgrading of our means of production and improve-
        
        
          ments in working conditions in the area of health, safety
        
        
          and environment.
        
        
          
            In each division, an optimization of
          
        
        
          
            the production capacities
          
        
        
          LISI AEROSPACE
        
        
          The growth of the business has necessitated an increase
        
        
          in the production capacities, with the extension of the
        
        
          industrial buildings at power plants in Izmir in Turkey, at
        
        
          Villefranche-de-Rouergue and Marmande in France and at
        
        
          Dorval in Canada.
        
        
          In order to cope with the increasing market at Boeing,
        
        
          machining and grinding centers have been put in place at
        
        
          Dorval and at Torrance in the United States.
        
        
          At Villefranche de Rouergue, the “Nuts” plan was deve-
        
        
          loped with the acquisition of a Sacma machine adapted
        
        
          for hot forging and a Hydromat lathe.
        
        
          Lastly at Marmande, a complete workshop of 6,000 m
        
        
          2
        
        
          as
        
        
          being open to deal with the new programs in the process
        
        
          of development.
        
        
          In parallel, many production machines, new furnaces and
        
        
          new measuring equipment have been acquired for all the
        
        
          plants in the aeronautical division.
        
        
          LISI AUTOMOTIVE
        
        
          The “Threaded Fasteners” project was pursued with the
        
        
          rationalization of equipment and production between the
        
        
          plants at Delle and at Saint-Florent, both located in France.
        
        
          A Sacma cold forging machine was acquired for the plant
        
        
          at Delle and a second surface treatment line for the plant
        
        
          at Saint-Florent.
        
        
          Other equipment acquisitions were made: a lathe and
        
        
          feed robots for the manufacture of linkages at the Saint-
        
        
          Florent plant and a Sacma cold forging machine for the
        
        
          plant at Dasle (France) intended for the manufacture of
        
        
          nuts for the PSA platform.
        
        
          At Kierspe, in Germany, the surface treatment line was
        
        
          modified as part of the continuing project for deployment
        
        
          of the MOVEX ERP. This project which was first imple-
        
        
          mented in the French plants will be followed by a deploy-
        
        
          ment in all the German plants.
        
        
          In all the division’s plants, many production machines,
        
        
          new furnaces and new measuring equipment have been
        
        
          added to the existing plant.
        
        
          LISI MEDICAL
        
        
          In 2012, the division acquired its industrial building, which
        
        
          was previously leased, at our plant located near Lyons. It
        
        
          was also equipped with a machining center and a plas-
        
        
          tics unit intended for the manufacture of parts in PEEK or
        
        
          polyethylene.
        
        
          For a new generation of hip implants, an automated for-
        
        
          ging unit for the sockets, an automated grinding unit and
        
        
          a knee joint and prototyping unit were installed.