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VESI

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AcronymDefinition
VESIValue Engineering Society International


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Apart from in North America, where the Group will benefit from the restructuring of its VESI subsidiary from 2004, sales outperformed automobile production in all regions: in Europe, sales increased 2% whilst production dropped 4% and in Asia sales grew 27% in a market that grew by 15%.
Commenting on the confirmation of the Plan, VESI executive vice president and general manager of the Rochester site, Walter Kneuer said, "This is an important day for VESI, the culmination of a long process that reached this successful conclusion thanks to the support of key stakeholders - especially our employees and suppliers.
VESI now has a new and solid framework for a long-term competitive future.
 
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