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Tuesday, 24.06.2025, 06:38
Revenue of PKC Eesti increased to EUR 146.6 mln in 2016
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The sales revenue of PKC Eesti
increased by 0.6% compared to the year before and the company saw an increase
in the proportion of the sales of services, raw material and goods in the
company's sales revenue, PKC Eesti
said in its annual report. The company continued to export approximately 100%
of its production, most of which was exported to countries in the
European Union.
PKC Group in February 2016 issued a statement saying that the company will continue
reorganizing production in Europe and will also close its production in
Estonia. PKC Estonia in March 2017
closed its factory in Keila and laid off 613 employees. In order to retain its
competitiveness on the international market, PKC Group decided to gather
its production in countries with smaller production costs.
Last year the company also continued with knowledge based services in
Estonia and developed the PKC Group's regional centers in Europe and South
America. By the end of last year, a regional center had been formed in Estonia,
which provided different support services in the field of engineering, product
development and issuance, sale, purchase, and procurement of new products.
In relation to the strengthening of PKC
Eesti's central role and the creation of a regional center in Estonia, PKC Eesti at the end of 2016 started
making changes to the company's management structure and acquired shareholdings
in PKC Group's companies
AEK OOO, PKCGroup Lithuania UAB and PKC Group Poland Sp.z.o.o. from
PKC Wiring Systems Oy.
The company's forecast for this year does not anticipate significant growth
for the market of commercial vehicles, which is why no significant change is
expected in the sales revenue of PKC
Eesti this year and the company will continue to focus on improving
competitiveness by increasing process efficiency.
The company's average workforce in 2016 was 433 people, while PKC Eesti employed altogether 120 people
at the end of the same year. Labor costs totaled 9.8 million euros.
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