MEDICAL
              
            
            
              maintain an ambitious investment policy. In 2011, 5.3% of LISI
            
            
              MEDICAL Orthopaedics’ sales revenues were spent on developing
            
            
              the “reconstruction” activity. The objective is to broaden the
            
            
              range of products to all segments of reconstructive surgery
            
            
              (reconstruction of knees, shoulders and implant instruments).
            
            
              These capital expenditures have helped to internalize processes
            
            
              that were previously outsourced. LISI MEDICAL Orthopaedics has
            
            
              invested in latest generation machining centers that guarantee the
            
            
              technological progression of the various standalone production
            
            
              units (or manufacturing islets). Productivity gains are also expected
            
            
              to maintain the site’s competitiveness with the automation of
            
            
              certain manufacturing stages (shaping and polishing for instance).
            
            
              The mastery of processes was also strengthened through the
            
            
              acquisition of image-based control means. The machine capacity
            
            
              for packaging in a controlled environment has also been increased.
            
            
              Efforts to expand the reconstruction segment’s offer were
            
            
              accompanied by the creation of a “projects and sales” structure,
            
            
              which should allow to accelerate the division’s commercial
            
            
              development. The teamwill ensure the continuity of the
            
            
              relationship with the Stryker group, while developing new
            
            
              customers. This differentiation strategy has allowed the division
            
            
              to strengthen its partnerships with key players in the international
            
            
              market where it displays a comprehensive, consistent offer.
            
            
              
                A new building
              
            
            
              
                in Morocco
              
            
            
              LISI MEDICAL acquires the necessary
            
            
              infrastructure to support its growth and
            
            
              offer its customers a competitive offering
            
            
              for emerging markets.The commissioning
            
            
              of a new 5,000 square meters site in
            
            
              the Tangier Free Zone, was scheduled
            
            
              in 2011. The building, which will also
            
            
              host a manufacturing workshop for LISI
            
            
              AEROSPACE using the same technologies,
            
            
              paves the way for new synergies between
            
            
              divisions.
            
            
              300,000
            
            
              
                LISI MEDICAL Orthopaedics in Caen forges
              
            
            
              
                more than 300,000 hip stems peryear