PKC Group Oyj - Company Announcement

PKC GROUP OPTIMISES ITS GLOBAL MANUFACTURING FOOTPRINT

PKC Group Plc     Company Announcement   14 February 2013  8.17 a.m.



PKC GROUP OPTIMISES ITS GLOBAL MANUFACTURING FOOTPRINT



In order to further develop the competitiveness and capabilities of the global
manufacturing operations and to ensure successful new program ramp-ups, PKC is
establishing NPI-centers (New Program Introduction-centers) in Keila, Estonia
and Curitiba, Brazil. In North America, PKC Group already has a NPI-center in
Acuna, Mexico. The objective of the NPI-centers is to ensure seamless customer
program ramp-ups from the early design phases to the final, full mass
production phase. 



In addition, the NPI-centers can be utilized to introduce new, improved
manufacturing processes to PKC and its customers. By having separate centers
for NPI operations, PKC Group can also improve its efficiency in manufacturing,
customer service and overall competitiveness. The establishment of NPI-centers
is expected to be completed by the end of 2013. 



Furthermore, PKC Group has decided to close the operations in Ireland and
transfer its production to Group's existing facilities in Torreon, Mexico and
Barchfeld, Germany. In addition, PKC Group is studying the options for its
metal stamping manufacturing site in Traverse City, Michigan, USA, including
the potential sale of the business and its operations. 



These measures are expected to be completed by the end of 2013. Currently,
Ireland and Traverse City operations employ approximately 70 persons. The
related non-recurring items are estimated to be approximately EUR 6 million,
out of which approximately EUR 4 million is non-cash related to asset
write-down and impairment. The estimated annual savings are approximately EUR 2
million from 2014 onwards. 





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.