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Turnover doubled in 4 years
• Turnover exceeds €400m
• Growth in line with Skyline 2010 plan.
Much of 2008 was devoted to carrying out
the Skyline 2010 business plan. In doing so,
LISI AEROSPACE this year broke the symbolic
€400m turnover barrier, meaning it has doubled
within 4 years.
This growth accompanies our work supporting
our customers’ development plans and the
strengthening of our financial position with
several of them. Moreover, for the fourth year
running, we made considerable investments in
order to increase production capacity and update
our industrial processes.
- A new expansion project has been completed
at the site in Turkey, resulting in a doubling of
its manufacturing capacity. This expansion went
operational in the summer of 2008.
- In Canada, the Dorval site expansion and capacity
improvement project has continued apace, with
the acquisition of new lines, the pursuit of
qualification programs and an expansion of its
client portfolio.
- The Rugby site in the UK has expanded into the
adjoining building, thereby increasing its capacity
and improving its industrial processes.
- In France, the relocation to the second building
at the Saint-Ouen-l’Aumône site is now complete,
and also involved renovations to the exterior of
the building and the updating of its offices.
- In the US, a new industrial unit has been unveiled at the Torrance site.
The company has also entered a phase of actively
rolling out several corporate processes and
functions within specifically-targeted areas such
as industrialization and quality control, and is
also undergoing a complete management system
restructure (covering all key processes) entitled the
LISI AEROSPACE BUSINESS SYSTEM.
Much work has gone into developing new products
and the company’s licensing policy. Acquisitions of
patents and licenses in cutting-edge areas have been
made throughout the year, particularly with the
acquisition of ERRIAM, which specializes in industrial
fastenings. In addition, important qualification
work has been ongoing at all factories, notably in
Canada and Europe as part of our collaboration with
BOEING.
Finally the company bought up shares in an Indian company.
There was significant recruitment activity in 2008:
over 400 new staff joined the workforce, and we
now employ the equivalent of over 4,000 full-time
workers.
Those areas which saw the biggest changes were
the US, Turkey and the UK.
LISI AEROSPACE continued its internal training drive
with the founding of a Technical Institute and with
the setting up of training workshops at many of its
factories. Particular emphasis has been placed on
first-line management training.
LISI AEROSPACE aims to give all its workers a good
quality, safe working environment and to control the
environmental and professional hazards associated
with its activities and products. Investments in this
area continue apace, and the aim is to ensure that all
sites not only conform to a set of standards but also
that they are attractive places to work.
We are now putting considerable effort into ensuring
that all of our factories to gain ISO 140001 and
OHSAS 18001 certification by 2010.
With regard to our IT system, tremendous progress
has been made in 2008 in creating a centralized,
secure architecture (Data Center), and in migrating
all business functions onto the Lawson M3 ERP
system.
This work will continue through 2009, with the
migration of the US entities onto the same ERP
system.
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Pursuit of the Skyline 2010 plan
LISI AEROSPACE has been pursuing its Skyline 2010 business plan, as unveiled at Le Bourget
International Air Show in 2007. The aim of this plan is to structure the company to ensure it
keeps pace with the projected medium-term growth of its market.
Work is being done to ensure that industrial procedures are up-to-date and up-to-speed; major
works have been undertaken at five sites:
- expansion of the site at Izmir, Turkey;
- expansion of the site at Rugby, UK;
- complete reorganization of the industrial complex at de Saint-Ouen l’Aumône, France;
- a second extension of the plant in Dorval, Canada;
- creation of a new industrial unit at Torrance, USA.
To offer its staff and customers first-class infrastructures, sites at Torrance (USA) and Saint-
Ouen l’Aumône (France) have begun external and internal building renovations, modernizing
reception areas and offices in line with the group’s architectural scheme.
Record growth in north America
North American sites achieved record
performances in 2008, with annual turnover
up over 30% on 2007.
This growth was largely driven by demand
from BOEING and its B787 programme;
the Torrance site in California was its main
beneficiary, breaking the $200m (US)
turnover barrier, with 1,200 employees (fulltime
equivalent).
The Canadian site also benefited hugely
from having achieved client qualifications
the previous year, and from its modern
production facilities which are now
completely integrated. It has strengthened its
commercial positions and now employs 130
staff (full-time equivalent) after only three
years’ operations.
Grand opening of a new research and development centre
In 2008, LISI AEROSPACE opened its new
Research and Development Centre at Saint-
Ouen l’Aumône, France. The centre has been
expanded, and equipped with dedicated
production facilities and a laboratory with
cutting-edge equipment and instruments.
With this infrastructure, LISI AEROSPACE now
has all the necessary technology to develop the
new products and installation tools required
to keep pace with aerospace manufacturing
technology, the use of new materials and
changes to environmental compliance
standards.
Qualifications & new products
Important qualification and research and development work has been underway throughout 2008:
- BOEING qualifications: extending the range in the USA, Canadian site qualification, European site qualification,
- developing new products for the A350 program,
- developing new coatings compliant with current environmental requirements,
- acquiring new product licenses,
- developing a range of locks and expansion pins.
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