Luxottica invests in production

Luxottica has announced plans to invest over €200m in the next three years to increase manufacturing capacity in Italy, China, the US, Brazil and India, with the aim of producing 100 million frames in 2015.

The company said the investment would result in reductions of overall lead time and inventory days of 30 per cent and 20 per cent. Since 2009, it had decreased lead time by 43 per cent and back orders by 36 per cent, while reducing inventory. Luxottica had also reduced costs in the past four years by 12 per cent, while improving the service level by 30 per cent.