Investindustrial

Permasteelisa’s (www.permasteelisa.com) refocus on core business activities has been successful and has significantly increased profitability. During 2008 Permasteelisa completed the management team reorganisation and appointed new experienced senior managers to focus on key markets, co-ordinated by one CEO. The Group has continued to refocus its business towards large projects in its core markets (US and UK) and has completed the divestiture of Belgometal and the merger of all US subsidiaries into one company. Furthermore Permasteelisa has improved its risk assessment area with the implementation of structured project control tools & processes. Significant results have been achieved also in the installation of a new integrated IT system and in the simplification of central functions to reduce overall administration costs. The company has also started an important initative for the development of photovoltaic projects.