OCTOBer2014
        
        
          DeCEMBeR2014
        
        
          LISI AEROSPACE
        
        
          Major capital
        
        
          expenditures at Parthenay
        
        
          LISI AEROSPACE’s Parthenay plant saw an investment
        
        
          of €20 million in 2014.  This modernization program,
        
        
          which commenced in December 2014, will cater for
        
        
          orders from the SAFRAN group for the supply of Arms
        
        
          andOutletGuideVanes for LEAP1A, 1Band1Cengines.
        
        
          This contract, overmore than 10 years shouldgenerate
        
        
          €20 million sales revenue year-on-year. The industrial
        
        
          plan brings together the sites at Bologne (with an
        
        
          investment of €3million) for rawmaterials forging and
        
        
          Parthenay for machining and finishing. This expansion
        
        
          should result in thecreationof someonehundred jobs.
        
        
          LISI AEROSPACE
        
        
          Anewplant
        
        
          at Villefranche-de-Rouergue
        
        
          LISI AEROSPACE is vacating its historical site at
        
        
          Villefrance-de-Rouergue (Aveyron), whichhasbecome
        
        
          too small to sustain the growing level of orders. Its
        
        
          relocation to 20,000 m² in the heart of the La Glèbe
        
        
          industrial zone commenced in the autumn of 2014.
        
        
          Construction isphasedover twosectionsof10,000m²,
        
        
          thefirst tobehandedover at theendof 2015and the
        
        
          second in 2018. Investment amounts to €60 million,
        
        
          ofwhich€40million for equipment and€20million for
        
        
          the building. Designed to optimize production flow,
        
        
          the new site has been sized to accommodate 300
        
        
          additionalemployees.
        
        
          LISI 2014
        
        
          23