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LISI’s capital expenditures in 2017 - up sharply to EUR 140 million - have helped

support the Group’s development plan and industrial competitiveness. Half of

these expenses relate to capacity increase programs to fund the construction

of new buildings, the creation of new production facilities or the launch of new

products. The improvement in productivity also concentrates 20%of the year’s

capital expenditures. This has made it possible to develop more effective tools

and resources, as well as the automation and robotization of certain production

processes: the number of robots almost doubled in 2017. The 170 units currently

operating in the Group’s factories represent a ratio of 137 robots per 10,000

employees. This robotization improves working conditions, reduces variability

and improves productivity. It should continue over the coming years, as well as

the automation of production lines.

SUPPORT ING

THE GROUP ’S

GROWTH

CAPACITY AND PRODUCTIVITY

Industrial net Capex

8.5

%

OF TURNOVER INVESTED IN 2017

140

M

CAPEX IN 2017

2012

78.4

2013

87.7

2014

90.6

2015

111.5

2016

119.6

2017

140.1

7.3% 7.6% 6.9% 7.6% 7.6%

8.5%

Capex (in €M)

In% of sales

33

CAPEX FOR THE FUTURE