June 2, 2006
PKC Group sets up a new factory in Russia
PKC Group Oyj has decided to establish a new wiring harness factory in Pskov, Russia, near the Estonian border. The new factory fulfils the increased production capacity need. The factory's purpose is to serve Central European and Russian markets.
The new subsidiary, OOO PKC Group Pskov, will operate in leased premises. The objective is to start manufacturing at the end of 2006. The total capital expenditure by the end of 2007 is estimated to be about two to three million euros.
About PKC Group
The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Estonia and Russia, and it employs about 3,600 people. The Group had net sales of EUR 199 million in 2005. PKC Group Oyj is listed on the Helsinki Stock Exchange.
For further information
Mika Kari, President & CEO, PKC Group Oyj
+358 20 1752 350
Helsinki Stock Exchange
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