ELKHART, Ind., Feb. 3, 2011 /PRNewswire/ -- ACTIA Corporation, a wholly owned subsidiary of the ACTIA Group, earned the Group's performance award for the second consecutive year. The vehicle electronics manufacturer has achieved unparalleled success during trying economic times and tenacious international competition. Located in Elkhart county, where businesses struggled to remain open and the unemployment rate reached 20%, ACTIA's performance has been consistently positive.
ACTIA was well prepared to face the recession by implementing aggressive austerity measures and a company-wide reorganization, which included the addition of a Continuous Process Improvement (CPI) department. The CPI team has facilitated numerous initiatives that helped lower costs and introduce new efficiencies. In addition to already being a very well-diversified company, the preemptive restructuring contributed to making 2010 the most profitable year in ACTIA's history.
While reducing its costs, ACTIA continued to promote its solutions within a diverse cross-section of vehicle and equipment manufacturers. Sales of its multiplexed on-board systems developed positively throughout 2010, with double digit growth over the prior year.
Close partnerships with its supply chain also enabled ACTIA to eliminate waste and pass on cost savings to key customers.
"I'm very pleased with our continued success," said Adam Ramouni, CEO of ACTIA Corporation. "This marks the first time in ACTIA Group's 25-year history the same subsidiary has received the annual performance award two years in a row. More importantly, our outstanding staff and supply base will help us carry forward this positive momentum into the new year."
The ACTIA Group
Since it was founded in 1986, the ACTIA Group is a major player in its core business: automotive electronics systems design, manufacture, and diagnostics. Operating in 15 countries, ACTIA(R) now employs some 2,500 people around the world and offers its customers, big-name international vehicle manufacturers, expertise based on genuine commitments to Innovation, Quality, and the Environment.
SOURCE ACTIA Corporation