Sitemap

Aleksandar Mišković, Director, Precision Casting Foundry

Reputation Is Crucial For Survival

With the full support of the state and the Israeli parent company, Bet Shemesh Engines Ltd, which includes assistance in reaching standards and mastering special processes, and with major investment, the Precision Casting Foundry has taken an important place in the exclusive club of the world aviation industry

Director Aleksandar Mišković of LPO reveals to CorD Magazine how this factory in Ada saw their castings and machined parts installed in engines that cover the entire commercial aviation market, including business aviation PW800, PW1500, LEAP, T1000, TXWB, V2500…

Why is LPO considered a leader in the production of commercial turbojet aircraft parts? Has the pandemic affected your business?

Aleksandar Mišković

Conquering and keeping the market is a long-term, difficult and very demanding job. Staying in this exclusive aviation industry club is probably even more complicated, especially when you know that the quality requirements for new generations of engines are increasingly complex, and the competition is increasingly fierce.I would say that in the aviation industry more than in any other, the reputation you build over the years is crucial for the company’s survival on the market, but also for creating new opportunities for future development.

And you can add the pandemic to all the difficulties we have overcome over the years. After a record-breaking 2019, we experienced an incredible 55% drop in sales in 2021, but that’s behind us now. I would like to emphasize that the management of the group made an important strategic decision not to reduce the number of staff at LPO despite the drastic drop in sales. Thanks to this decision, LPO is able to respond to all our customers’ requests.

How much does the support of your Israeli parent company, Bet Shemesh Engines Ltd, mean to you in business, expanding your production programme and capacity, investing in new technologies and tools?

Of course, the positioning of an unknown foundry from Serbia on the aviation industry market must be accompanied by appreciable investment and comprehensive support from the parent group. LPO has benefitted from funds from the provincial Development Fund, then on two occasions from grants from the Government of the Republic of Serbia, through its agencies. All of this would not have been possible if the potential of our company had not been recognized, but nor would it have been possible without the full support of our Israeli parent company Bet Shemesh Engines Ltd.

Our staff are the key to LPO’s success, their motivation, training, satisfaction and care they feel from the company

Although financial support is the most visible and crucial for development, the marketing efforts of our parent company should not be neglected. Getting to the level of being trusted by companies like Pratt & Whitney, GE or Rolls-Royce is truly an admirable result. Not to forget the know-how, help in reaching standards, in mastering special processes, literally every business segment relies on the support of the parent company.

LPO takes care of its staff, their development and training both in Serbia and abroad, but it also takes care of the local community. For you, is investing in people the best investment?

LPO started its journey in the aviation industry with a staff of 75, and today it has more than 250. Our staff are the key to success, their motivation, training, satisfaction, and the care they feel from the company. We are located far from a city environment, it is not easy to find suitable personnel, but we have been successful in this so far, which means that the location is important, but by no means crucial. Our investment in people and opportunities for improvement have been recognised and LPO will continue to take care of the reputation we have built so far.

Related Articles

Comment By Zoran Panović

Actively Waiting

The third government of Ana Brnabić isn’t irritating, in terms of personnel, for either the West or Russia. It does still have a ministry...

Børge Brende, President Of The World Economic Forum

Biotech For A Brighter Future

Biotechnology is rapidly expanding as it modernises industries and transforms sectors—supporting growth and creating hundreds of thousands of jobs, both directly and indirectly. Further...

H.E. Yahel Vilan, Ambassador Of Israel To Serbia

Friends Who Occasionally Disagree

I met with President Vučić a few weeks ago and was impressed and moved by his personal commitment for the commemoration of Staro Sajmište...

European Elections

Right, Right, Frontal

Among the many consequences of the pandemic, economic crisis and war in Ukraine for Europe is the rise of right-wing movements that challenge the...

Duško Lopandić, Diplomat And Vice President Of The European Movement In Serbia

Shooting Stars

Although “The centre is still holding on” in Europe, we are increasingly seeing the appearance on the political scene of instant right-wing or far-right...

Milan Blagojević, Researcher At The Institute Of Social Sciences

The Right Has De-radicalised And Moved Closer To The Political Mainstream

The rise of the right could certainly complicate decision-making processes at the EU level, and we can assume that the conservative Hungarian-Polish bloc will...

Zoran Milivojević, Career Diplomat And Associate Of The Centre For Strategic Alternatives

End Of The Left’s Dominance In Europe

The shadow of Ukraine, with all the already-evident ramifications on the situation and effects in Europe, certainly provides new motivation for the right, which...

Bogdan Gecić, Founding Partner, Gecić Law

New Ideas Nominated For European Awards

Gecić Law continues to reach new heights year after year, receiving even greater recognition for its innovation, consistent growth and excellence in the legal...

More...

Tatjana Rackov Sinadinović, Director, Happy Kids Preschool

Awards Confirm Value

Within a framework of daily educational activities that’s shaped by the principles of the Montessori method of education, children at the HAPPY KIDS Preschool...

Helleniq Energy

Former Hellenic Petroleum Becomes Helleniq Energy

The parent company of EKO Serbia has rebranded and committed itself to a sustainable future HELLENIC PETROLEUM, one of the largest energy companies in Southeast...

dm

dm Srbija Comes Of Age

Pioneering endeavours, successful results, record-breaking donations and recordhigh wage increases, new social responsibility campaigns and launching the online store have all marked the 18th...

Sonja Kapetanović, Marketing Director, Schlarafia

Quality Is An Issue Of Setting High Standards

Schlarafia is the region’s leading brand for premium sleeping equipment and is unique thanks to its specific fusion of traditional craftsmanship and modern technologies,...

News

Ambassador Of Japan Presented Awards For Contribution To The Promotion Of Japanese Culture

In the Residence of the Ambassador of Japan, H.E.  Katsumata Takahiko, the ambassador presented five new "Recognitions of the...

USAID And Youth With Disabilities Forum Launched Project To Empower Persons With Disabilities

the United States Agency for International Development (USAID) and the Youth with Disabilities Forum launched a four-year, $2 million...

The Nikola Tesla Museum Celebrated Its 70th Anniversary

The Nikola Tesla Museum, founded as the first technical museum in Yugoslavia and the only one that preserves the...

Czech Foreign Minister: Serbia Made Significant Progress In Combating Illegal Migration

Serbia made significant progress in suppressing illegal migration through the Balkan route when agreeing to harmonize the policy of...

Ambassador Konrad: Germany Continues to Support Serbia’s Energy Transition Process

We continue to provide support to Serbia in the process of reaching its climate goals and implementing the green...

Ambassador Of Japan Presented Awards For Contribution To The Promotion Of Japanese Culture

In the Residence of the Ambassador of Japan, H.E.  Katsumata Takahiko, the ambassador presented five new "Recognitions of the...

USAID And Youth With Disabilities Forum Launched Project To Empower Persons With Disabilities

the United States Agency for International Development (USAID) and the Youth with Disabilities Forum launched a four-year, $2 million...

The Nikola Tesla Museum Celebrated Its 70th Anniversary

The Nikola Tesla Museum, founded as the first technical museum in Yugoslavia and the only one that preserves the...

Czech Foreign Minister: Serbia Made Significant Progress In Combating Illegal Migration

Serbia made significant progress in suppressing illegal migration through the Balkan route when agreeing to harmonize the policy of...

Ambassador Konrad: Germany Continues to Support Serbia’s Energy Transition Process

We continue to provide support to Serbia in the process of reaching its climate goals and implementing the green...

Ambassador Of Japan Presented Awards For Contribution To The Promotion Of Japanese Culture

In the Residence of the Ambassador of Japan, H.E.  Katsumata Takahiko, the ambassador presented five new "Recognitions of the...

USAID And Youth With Disabilities Forum Launched Project To Empower Persons With Disabilities

the United States Agency for International Development (USAID) and the Youth with Disabilities Forum launched a four-year, $2 million...

The Nikola Tesla Museum Celebrated Its 70th Anniversary

The Nikola Tesla Museum, founded as the first technical museum in Yugoslavia and the only one that preserves the...

Czech Foreign Minister: Serbia Made Significant Progress In Combating Illegal Migration

Serbia made significant progress in suppressing illegal migration through the Balkan route when agreeing to harmonize the policy of...

Ambassador Konrad: Germany Continues to Support Serbia’s Energy Transition Process

We continue to provide support to Serbia in the process of reaching its climate goals and implementing the green...