PKC Group Plc Company Announcement 7 January 2014 11.00 am
PKC GROUP OPTIMISES ITS MANUFACTURING FOOTPRINT IN NORTH AMERICA
PKC has decided to close the factory in Nogales, Mexico in order to further adapt and align its manufacturing capacity to the North American customer base. The Nogales production shall be transferred to PKC’s existing facility in Torreon, Mexico.
The action taken is related to current light vehicle program build-outs in North America and PKC’s focus on maximising its opportunities in the current core customer segments.
Currently, Nogales employs approximately 700 persons. The related non-recurring items are estimated to be approximately EUR 3.6 million on an after-tax basis. The estimated annual savings are approximately EUR 2.0 million on an after tax basis from 2014 onwards. These measures are expected to be completed in 2014.
PKC GROUP PLC
Board of Directors
Matti Hyytiäinen
President & CEO
For more information, please contact:
Matti Hyytiäinen, President & CEO, PKC Group Plc, tel. +358 (0)400 710 968
DISTRIBUTION
NASDAQ OMX
Main media
www.pkcgroup.com
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Mexico, Poland, Russia and the USA. The Group's revenue in 2012 totalled EUR 928.2 million. PKC Group Plc is listed on NASDAQ OMX Helsinki Ltd.