PKC Group Oyj - Company Announcement

PKC PUTS EMPHASIS ON ASIA, PRESIDENT & CEO TO RELOCATE TO HONG KONG

PKC Group Plc     Company Announcement     14.2.2013  08:16 a.m.



PKC PUTS EMPHASIS ON ASIA, PRESIDENT & CEO TO RELOCATE TO HONG KONG



PKC Group Plc's President & CEO Matti Hyytiäinen shall relocate to newly
established subsidiary in Hong Kong on an interim basis in order to further
grow Group's business in Asia and China. It is of upmost importance to PKC's
Wiring Systems business that PKC puts emphasis on Asian and Chinese market and
this has been set as one of Group's strategic targets. 



Asia, especially China, is the world's largest commercial vehicle market that
is forecast to continue to grow significantly. PKC's current global customers
have actively focused their growth into these markets by e.g. forming joint
ventures with the leading Chinese and other Asian truck manufacturers. In
addition to market growth, Asian commercial vehicle markets are subject to a
structural change, whose drivers are new emission standards and customers' need
for uniquely optimised vehicles. As a result of the structural change, the
technological contents of commercial vehicles increases and diversifies and
also the wiring systems solutions become significantly more complex. 



PKC's core competence is to be able to mass produce high quality uniquely
tailored products with infinite variants with very fast turnaround time. PKC
foresees demand for its expertise when Western truck manufacturers operating in
Asia and leading Asian and Chinese truck manufacturers adapt their strategies
to respond to market growth, structural change and future needs. We estimate
that PKC has excellent competitive position to expand its business in Asia to
current customers and the leading Asian and Chinese truck manufacturers. 



”It is pivotal for the global success and growth of PKC's Wiring Systems
business that the Asian and Chinese truck markets receive the undivided
attention of the highest management. The most important reason for my
relocation is to form personal relationships with Asian and Chinese truck
manufacturers, decision-makers and other companies in the field in order to
form better understanding on their plans and needs. PKC is the leading wiring
systems manufacturer in the truck industry and technology leader and we believe
we can offer truck manufacturers operating in Asia and China solutions that
improve their competitiveness,” states Matti Hyytiäinen. 



PKC Group Plc

Board of Directors



Matti Hyytiäinen

President & CEO





For additional information, contact:

Matti Hyytiäinen, President & CEO, PKC Group Plc, +358 400 710 968





DISTRIBUTION

NASDAQ OMX

Main media

www.pkcgroup.com





The PKC Group offers design and contract manufacturing services for wiring
systems and electronics. The Group has production facilities in Brazil, China,
Estonia, Finland, Germany, Ireland, Mexico, Poland, Russia, Ukraine and the
USA. The Group's net sales in 2012 totalled EUR 928.2 million. PKC Group Plc is
listed on NASDAQ OMX Helsinki Ltd.