ZODIAC GROUP IN TUNISIA
ZODIAC GROUP IN TUNISIA
ZODIAC GROUP IN TUNISIA
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<strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong><strong>TUNISIA</strong>Gaby LOPEZ – ManagerCarthage Investment Forum15-16 June 20061
The <strong>ZODIAC</strong> <strong>GROUP</strong>Founded in 1909, Zodiac is a 100% French Group.A worldwide renowned brand, built to last within the respect of strongvaluesZodiac development is based on 4 major principles:• The steady growth in earnings by share.• The diversification in high-tech businesses.• The selection of expanding and high-margin markets.• The leadership position in its main niches.12,500 employees worldwideTurnover 2005: € 1,9 billion.Operating results: € 250,4 MillionEarnings’ evolution by share from 1988 to 2005: +14.9 % a year (average).2
THE <strong>ZODIAC</strong> <strong>GROUP</strong>• Aero-SafetySafety-Systems Systems Branch ( 17% of Turnover) ) :(Parachutes, helicopters buoyancy, emergency evacuation slides,Emergency Arresting Systems for airport runways, cables protection,technical elastomers)World Leader in all these markets.• Aircraft systems Branch ( 25% of Turnover) ) :(oxygen Systems, fuel Systems, electric systems)World Leader in all these markets.4
THE <strong>ZODIAC</strong> <strong>GROUP</strong>• Cabin interiors Branch ( 22% of Turnover) ) :(Interior cabins integration, plane seats, composite parts, Shipping systemsfor used water and waste draining)World Leader in all these markets.• Technology Branch ( 11% of Turnover) ) :( Automotive airbag systems, Remote transmissions)European Leader in all these markets.• Marine Branch ( 25% of Turnover) ) :(Professional and leisure inflatable boats, Water Quality, Life Rafts, Offground pools)World Leader in all these markets.5
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>Two companies in Tunisia :• <strong>ZODIAC</strong> AUTOMOTIVE <strong>TUNISIA</strong> (ZAT)Industrialization & manufacturing of airbags• <strong>ZODIAC</strong> EQUIPMENTS <strong>TUNISIA</strong> (ZET)Manufacturing of aeronautics components6
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong><strong>ZODIAC</strong> AUTOMOTIVE TUNISIE• with a capital of 6 900 000 TND• Created in January 2003• Off – shore regime : 100% export• Surface 7000 M² M at Soliman (40 km south of Tunis)• 600 employees.70 Tunisian technicians, engineers &managers. 4 French expatriates.• Production : 17 000 airbags / day• We equip vehicles of these makes : Renault, Peugeot, Citroën,BMW, Seat, Toyota, Nissan. etc.…7
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong><strong>ZODIAC</strong> EQUIPMENTS <strong>TUNISIA</strong>• Ltd. with a capital of 1 600 000 TND• Created in November 2004• Off – shore regime : 100% export• Surface 3400 M² M at Soliman (40 km south of Tunis)• 180 employees. 40 Tunisian technicians, engineers &managers. 3 French expatriates. (250 employees expected bymid -2007)• Production : Aeronautics components (Harnesses for landinggears, electric hearts, relays, tacheometric generators, electro-magnants, switches, captors etc…)• Our customers : Airbus, Boeing, Eurocopter, Dassault,Embraer, , Bombardier8
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>Ecureuil EurocopterBombardier CRJ 700 & 900Airbus A380Boeing 787Electric hearts : Distribution & management of electric power9
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>Generators, switches, relays,captors, engines for aerospace& aeronautics industries10
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>Protection Sheaths Airbus 318, 319 & 320, 321 Protection Sheaths Airbus 330 & 340Harnais A380Harnesses A330, 340cabled harnessesA319,320,321Sheaths & cabled protection conductors (Landing gears , aisles & rudders)11
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>Advantages for our two companies :• 10 years full tax exemption.• Direct hourly rates (from 8 to 10 times less than those inFrance)• No VAT on local purchases• Reduced social charges for the employment of certainpersonnel categories• Strong collaboration and relations with the local training andapprenticeship centers• Working time from 40 to 48 hours per week12
THE <strong>ZODIAC</strong> <strong>GROUP</strong> <strong>IN</strong> <strong>TUNISIA</strong>What we found in Tunisia :• High qualified engineers, managers, and technicians (Quasi-equivalentdiplomas)• Personnel who speaks and understands French• An efficient import-export logistics (A truck that leaves Tunis on Saturdaygets to Marseilles on Monday, Relief routes in case of a problem)• Monitored wage inflation (about 5% per year)• A network of local suppliers in numerous domains (tool making, equipments,esub-contracting, services etc…)• Simplified customs procedures13
<strong>ZODIAC</strong> Tunisia : glopez@zodiac.com14
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