|
|||
2013-02-14 07:17:00 CET 2013-02-14 07:17:03 CET REGULATED INFORMATION PKC Group Oyj - Company AnnouncementPKC GROUP OPTIMISES ITS GLOBAL MANUFACTURING FOOTPRINTPKC 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. |
|||
|