PKC
Production relocated to Serbia and Lithuania / Programme to save EUR 14m annually and bring new growth opportunities
Finlandís PKC Group (Helsinki; www.pkcgroup.com) is consolidating its wiring systems business in Europe and South America. The company uses (unspecified) plastics and PVC in the manufacture of various wiring and electronics components for the commercial vehicle industry and other selected segments. PKC said the move has been prompted by the expectation of a change in purchasing behaviour from a consolidating customer base, which will require a different production structure.

Production in Sosnowiec / Poland, and Haapsalu / Estonia, will be moved to factories in Serbia and Lithuania where more than half of PKCís European capacity will be based by the end of 2016. Output at the plants in Poland and Estonia, as well as in Itajuba / Brazil, will be ramped down by the end of 2014. The companyís New Product Introduction (NPI) operations for Europe and South America will be centralised at facilities in Keila / Estonia.

The programme, which is due to be finished by the end of March 2016, is expected to result in annual cost savings of EUR 12-14m. Overlapping sales, R&D, purchasing, administration and production support functions in Europe and South America will also be streamlined. PKC said it is anticipating growth opportunities from the benefits of scale gained and the redirection of resources. The groupís revenue in 2013 totalled EUR 884m.
28.08.2014 Plasteurope.com [229133-0]
Published on 28.08.2014

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 18.09.2019 22:09:46   (Ref: 326011389)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp