Japanese-owned auto parts manufacturer HI-LEX Corp. has thrived in the land of Ferrari, Stellantis and other high end car makers because of its dedication to make highly reliable products, meet fast-changing market demands, and adopt the latest technologies.
The company, listed in the Tokyo Stock Exchange, has built a global reputation for its control cables and electro-mechanical technologies. In Italy, however, it focuses on car components, particularly window regulators and door modules.
“We had growth during the last three years. We expected more but since the microchip shortage, we are still happy. We expect to grow even more starting 2023. In fact, Hi-Lex Italy reported positive results both in 2021 and 2022 and was one of the best performing companies in EMEA Hi-Lex group. We are happy with that,” HI-LEX Italy S.p.A. CEO and Vice President Paolo Pajardi told GMI POST.
“One of the reasons we had such a positive result is our collaboration with local suppliers. I’m not talking about Italian suppliers only, but Europeans as well,” said Pajardi, who added that other manufacturers relied too heavily on foreign suppliers and suffered extra logistic costs.
HI-LEX Italy, according to Pajardi, is well-positioned to grow its business further because of the Japanese ethos of kaizen (constant improvement) and the Italian expertise in customized production.
Having displayed the competence in its field and the ability to surmount unexpected challenges, HI-LEX faces the future with much confidence, encouraged likewise by the trust that its clients have given.