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Landi Group’s Exceptional Performance Underlines its Receipt of the 2007 Frost & Sullivan Market Leadership - Landi Group is the recipient of the 2007 Frost & Sullivan Market Leadership of the Year Award for suppliers in the global conversion kits market. Producer of alternative fuel systems (LPG and CNG) for the transportation industry
Landi Group’s Exceptional Performance Underlines its Receipt of the 2007 Frost & Sullivan Market Leadership

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/09/11 - Landi Group is the recipient of the 2007 Frost & Sullivan Market Leadership of the Year Award for suppliers in the global conversion kits market. Producer of alternative fuel systems (LPG and CNG) for the transportation industry.

   
 
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The company’s organic growth strategy has established it as the leading global producer of alternative fuel systems (LPG and CNG) for the transportation industry.

Over the past three years, the company has achieved a staggering compound annual growth rate of 43 per cent. In 2006, the Landi Group had revenues of 138.7 million euros and had captured 22-24 per cent of the global market for LPG and CNG conversion kits to become the largest global supplier of LPG and CNG conversion kits to the transportation industry.

“The company has shown the ability to grow in the maturing LPG and CNG markets of western Europe,” notes Frost & Sullivan Research Analyst Andriy Ivchenko.” Technological excellence, strong brand perception combined with over 50 years of experience in developing gas conversion solutions in key markets of Western Europe, have enabled the company to reinforce its position while increasing product penetration in the region.”

At the same time, emerging markets such as India, Pakistan and Iran have contributed significantly to the company’s robust global sales growth. Landi Group has developed strong distribution networks in important growth markets such as India, Pakistan and Bangladesh.

“Landi Group’s focus has been on the top ten growth markets in the world such as Pakistan, India, Iran and Italy, where it has worked closely with new dealers,” adds Mr. Ivchenko. “Landi Group’s widening dealership networks have resulted in the delivery of higher quality customer service as well as broader regional coverage.”

The company constantly monitors changes in customer needs across different markets while consistently offering high quality, environmentally friendly products. The introduction of new LPG and CNG product solutions has provided customers with tailored solutions for each vehicle type, attesting to the company’s commitment to technological innovation and leadership.

Partnerships with leading international vehicle OEMs have supported greater brand awareness among consumers and have expanded the installation base of the company’s products. Such partnership strategies will be critical as global OEMs move to boost the production of LPG and CNG powered vehicles.

“Through partnerships with global vehicle manufacturers such as Fiat, Renault, PSA, Daimler Chrysler, Landi Group has developed solid potential for growth in the OE market,” observes Mr. Ivchenko. “Furthermore, leading vehicle manufacturers are pre-installing Landi Group’s CNG/ LPG solutions on their new vehicles, thereby positively impacting on sales of the company’s conversion kits in the aftermarket.”

Frost & Sullivan’s Market Leadership of the Year Award is given to the company that has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics, to gain market share leadership. Furthermore, the Award recipient has continually demonstrated solutions for monitoring market changes and for implementing superior market strategies to establish itself as the market share leader in its respective industry.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Landi Group’s Exceptional Performance Underlines its Receipt of the 2007 Frost & Sullivan Market Leadership

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