2012 Half year financial report

Organisational development

In the first half of 2012, the Piaggio Group continued its process to internationalise production and sales activities and consolidate its leadership position on the European market. 

In this context, the following main organisational changes took place in the first half of 2012:

  • the Materials and Components Purchasing function has a new, more specific organisation, to guarantee an adequate organisation for the Group's internationalisation, through a single, integrated, global, functional Corporate department to optimise purchasing costs, develop specialist competencies for commodities and further integrate foreign structures;
  • as part of Production and Manufacturing Technologies, a new position has been established to achieve cost optimisation for two-wheeler products and commercial vehicles, working in areas concerning production processes and suppliers;
  • in the Asia Pacific 2 Wheeler area, Foshan Piaggio Vehicles Technology R&D Co. Ltd. has started to operate, with the aim of recruiting new Suppliers to support the Group's international purchasing activities, guaranteeing research and development for products developed in China, and supporting activities and initiatives relative to the Zongshen Piaggio Foshan Motorcycle Co. Ltd. joint venture and Piaggio-Jincheng agreements;
  • the Asia Pacific 2 Wheeler structure  has been redefined, with Manufacturing, Purchasing and Quality organisational units being established and directly reporting to the Manager, guaranteeing a more efficient management of operating activities in the area;
  • the company PT Piaggio Indonesia now reports directly to the Sales & Marketing Manager of Asia Pacific 2 Wheeler, for an integrated approach with Asian sales companies;
  • Two-wheeler Product Marketing now reports directly to the Chairman and Chief Executive Officer, with the aim of guaranteeing global and international development of the Group's products.