For 2017, LISI AUTOMOTIVE has received the Excellence in Supplier Quality Award from General Motors for the Mellrichstadt, Heidelberg and Lake Zurich (Termax) plants.
This award recognizes the supply chain, quality and development performance of the three sites that go beyond General Motors’ expectations in terms of innovation policy and industrial excellence. Mellrichstadt , Heidelberg and Lake Zurich plants are specialized in the manufacture of metal, plastic and metallo-plastic solutions for interior and exterior trim applications, as well as clipping solutions, cage nuts and rivets. These products are exported around the world and provides the brands of the American giant: Chevrolet, Buick, GMC and Cadillac.
“Best Factory” award to LISI AUTOMOTIVE
On the 13th of September in Poissy, Mr Lambert, Senior Vice President Quality Supplier of PSA awarded the supplier award PSA “Best Factory” to the LISI AUTOMOTIVE plant of St Florent sur Cher. This plant is part of this year’s small circle of 15 factories awarded by PSA worldwide.
This event is an opportunity to salute the performance and industrial excellence of suppliers’ factories that meet PSA Group’s quality requirements, since the production of the vehicle. until the keys are handed over to the end customer.
LISI AUTOMOTIVE continues its development with the acquisition of the assets of the American company Hi-Vol Products
The LISI Group Records an Operating Profit of € 67.7 Million in the First Half of 2018
- Activity has declined compared to the high level of the first half of 2017
- The impact of the exchange rate dollar to euro was less import ant towards the end of the period. However, the impact re mains significant for the first half of 2018.
- Contrasted performance across the 3 divisions of the group: o LISI AEROSPACE: significant adjustment of demand in the “Europe Fasteners” market
o LISI AUTOMOTIVE: continued growth
o LISI MEDICAL: development efforts at LISI MEDICAL Rem mele
- EB1T down to € 67,7 million, or 8.1% of sales
- Free cash flow up to€ 34.5 million with sustained capital expenditure.
LISI AUTOMOTIVE continues its development with the acquisition of the assets of the American company Hi-Vol Products
LISI Group announces the signing of an agreement with ARCH Global Precision LLC for the acquisition of 100% of the assets of HiVol Products LLC, a leading US manufacturer of mechanical safety components for the automotive industry with a recognized expertise in brake system fitting screws and components for direct injection petrol engines.
Established in 1951, Hi-Vol Products has experienced significant growth in recent years by developing stainless steel distribution components for the new generation of direct injection gasoline engines. It now has two production sites in Livonia (Michigan, USA) with strong skills in cold forging, machining and high speed automatic control. With approximately 130 employees, it achieved a turnover of nearly 40 million dollars in 2017.
“With Hi-Vol Products, LISI AUTOMOTIVE strengthens its global position in mechanical safety components. The two Livonia sites will reinforce the LISI AUTOMOTIVE Safety Mechanical Components Business Group, already present in Europe, China and Mexico. This acquisition will allow us to accelerate our development in the United States and benefit from a strong technical base in North America.”said François LIOTARD, CEO of LISI AUTOMOTIVE.
