Annual Report 2009 UK - Bonfiglioli

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14 power control green solutions We then looked carefully at the rapidly expanding Green Economy, allocated specific new resources to the continuous development of new products and made major investments in the people and structures needed to serve the leading markets of Europe, America and Asia and to reinforce our dedicated pre-sales and after-sales services. Among the many actions initiated or scheduled in the Industrial Plan, those involving the re-engineering of our industrial processes along lean production lines represent one of the largest undertakings in which our Group is involved today, in both organisational and investment terms. We need to respond more rapidly to continuous fluctuations in the market and we also need to reduce product development times, improve overall stock levels and boost real operation flexibility, not only in those countries where we have located our main production operations (currently Italy, India, Vietnam, Slo- vakia and Germany) but also in countries where we operate through local market service subsidiaries. These needs are now fully occupying all levels of management and operations within our Group and are creating a new corporate culture throughout our organisation. The changes we need to make are big ones and our new culture requires the re-engineering of all the processes along our supply chain if we are to ensure constant and radical improvements in the service and product quality we offer. This is the driving force behind all current activities and the most important challenge facing us if we are to succeed in coming years. The following figures illustrate the principal targets in our Industrial Plan and also show what improvements have already been achieved in the Plan’s first year (2009) with respect to early estimates made half way through that year. These improvements on the Plan’s initial figures have continued into the first half of 2010 and have led to our starting activities to draw up a new Business Plan for implementation in our next business year, 2011. 2009 Annual Report
Financial Highlights Total consolidated sales (Euro/Million) EBITDA (Euro/Million) Actual Business Plan 15 Annual Report 2009
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Annual Report 2009 UK - Bonfiglioli

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