Theacquisitionsmade in2014mean
          
        
        
          
            that todaywe cankeeppacewithourmajor
          
        
        
          
            customers in facing thebig technological
          
        
        
          
            challengesof the future.Wearenow ready
          
        
        
          
            for theendurance raceourmarkets set us
          
        
        
          EmmanuelViellard,
        
        
          DeputyChairman,LISI
        
        
          July2014
        
        
          LISI AUTOMOTIVE
        
        
          StrengtheningofBGSafety
        
        
          Mechanical Components in
        
        
          Shanghai
        
        
          The LISI AUTOMOTIVE division acquired all shares in
        
        
          JIEHUA, a company based in Shanghai and specializing
        
        
          in themanufacture of screw fasteners for automobiles,
        
        
          particularly for Volkswagen and several equipment
        
        
          manufacturers. LISI AUTOMOTIVE chose tomake use of
        
        
          this structure to develop its local choice of mechanical
        
        
          components, previously exported from Europe.
        
        
          Transformation of the site took place progressively
        
        
          by means of technology transfer, introducing the
        
        
          manufactureof torsionbars, used inseatbelt retractors,
        
        
          and later fittings used in all hydraulic braking circuit
        
        
          connections.This transformationwassteppedup in2014
        
        
          with theacquisitionofnewexpertiseand thesecuringof
        
        
          neworders formountingpins forseats.LISIAUTOMOTIVE
        
        
          Shanghai is now the third mechanical components
        
        
          manufacturingsite in thisBusinessGroup.
        
        
          LISI 2014
        
        
          22