Establishment of Chinese operations
Establishment of PKC Wiring Harness (Suzhou) Co., Ltd., a subsidiary in China. Chinese subsidiary's purpose is to serve group's international customers locally also in the Chinese market.
Closing down of Dutch operations
The production operations of the Dutch subsidiary PK Cables Nederland B.V were closed down in the first half of 2005 when the production of customerīs old model ended. Production of the harnesses for the new model was started in the Estonian subsidiary's factories.
Liquidation of PKC Europe B.V.
Electronics subgroup formation continues
Transfer of ownership of PKC Electronics Oyīs shares to PKC Netherlands Holding B.V. (and PK Cables Nederland B.V.) as a payment in kind for PKC Netherlands Holding B.Vīs new shares.
Establishment of OOO Elektromeka, which holds the assets of the electronics production in Kostomuksha, Russia.