Exhibit 8.1



Exhibit 8.1  Subsidiaries of the Company as at December 31, 2005



|                              |  |            |  |                                                                                 |  |                   
|----------------------------- |  | ---------- |  | ------------------------------------------------------------------------------- |  | ------------------
|Building Products             |  |            |  | Industrial & Automotive                                                         |  |                   
|Air System Components LP      |  | (USA)      |  | Dearborn Mid-West Conveyor Company                                              |  | (USA)             
|Aquatic Industries Inc        |  | (USA)      |  | Dexter Axle Company Inc                                                         |  | (USA)             
|Hart & Cooley Inc             |  | (USA)      |  | Dongfeng-Fuji-Thomson Thermostat Co. Ltd                                        |  | (China)           
|Lasco Bathware Inc            |  | (USA)      |  | (ordinary shares  32% owned)                                                   |  |                   
|Lasco Fittings Inc            |  | (USA)      |  | Eifeler Maschinenbau GmbH                                                       |  | (Germany)         
|NRG Industries, Inc           |  | (USA)      |  | Formflo Ltd                                                                     |  | (UK)              
|Philips Products Inc          |  | (USA)      |  | Gates GmbH                                                                      |  | (Germany)         
|Ruskin Company                |  | (USA)      |  | Gates SA                                                                        |  | (France)          
|Ruskin Air Management Ltd     |  | (UK)       |  | Gates Argentina SA                                                              |  | (Argentina)       
|Ruskin (Thailand) Company Ltd |  | (Thailand) |  | Gates Australia Pty Ltd                                                         |  | (Australia)       
|                              |  |            |  | Gates do Brasil Industria e Comercio Ltda                                       |  | (Brazil)          
|                              |  |            |  | Gates Canada Inc                                                                |  | (Canada)          
|                              |  |            |  | Gates Europe NV                                                                 |  | (Belgium)         
|                              |  |            |  | Gates (India) Private Ltd                                                       |  | (India)           
|                              |  |            |  | Gates Korea Company Ltd                                                         |  | (Korea)           
|                              |  |            |  | (ordinary shares - 51% owned)                                                   |  |                   
|                              |  |            |  | Gates Mectrol Inc                                                               |  | (USA)             
|                              |  |            |  | Gates Polska S.p.z.o.o.                                                         |  | (Poland)          
|                              |  |            |  | Gates PT Spain, SA                                                              |  | (Spain)           
|                              |  |            |  | The Gates Rubber Company                                                        |  | (USA)             
|                              |  |            |  | Gates Rubber Company (NSW) Pty Ltd                                              |  | (Australia)       
|                              |  |            |  | Gates Rubber Company (Singapore) Pte Ltd                                        |  | (Singapore)       
|                              |  |            |  | Gates Rubber de Mexico SA de CV                                                 |  | (Mexico)          
|                              |  |            |  | Gates Rubber (Shanghai) Co Ltd                                                  |  | (China)           
|                              |  |            |  | Gates (U.K.) Ltd                                                                |  | (Scotland)        
|                              |  |            |  | Gates Unitta Asia Company Ltd    (ordinary shares  51% owned)                  |  | (Japan)           
|                              |  |            |  | Gates Unitta Asia Trading Company Pte Ltd (ordinary shares  51% owned)         |  | (Singapore)       
|                              |  |            |  | Gates Unitta India Private Company Ltd    (ordinary shares  51% owned)         |  | (India)           
|                              |  |            |  | Gates Unitta Korea Company Ltd                                                  |  | (Korea)           
|                              |  |            |  | (ordinary shares  51% owned)                                                   |  |                   
|                              |  |            |  | Gates Unitta Power Transmission (Shanghai) Ltd    (ordinary shares  51% owned) |  | (China)           
|                              |  |            |  | Gates Unitta Power Transmission (Suzhou) Ltd    (ordinary shares  51% owned)   |  | (China)           
|                              |  |            |  | Gates Unitta (Thailand) Company Ltd.    (ordinary shares  51% owned)           |  | (Thailand)        
|                              |  |            |  | Ideal                                                                           |  | (USA)             
|                              |  |            |  | Ideal International SA*    (ordinary shares  40% owned)                        |  | (Mexico)          
|                              |  |            |  | L.E. Technologies LLC                                                           |  | (USA)             
|                              |  |            |  | Plews/Edelmann                                                                  |  | (USA)             
|                              |  |            |  | Pyung Hwa CMB Co Ltd (ordinary shares  21% owned)                              |  | (Korea)           
|                              |  |            |  | Schrader SA                                                                     |  | (France)          
|                              |  |            |  | Schrader Bridgeport Brasil Ltda                                                 |  | (Brazil)          
|                              |  |            |  | Schrader Bridgeport International Inc                                           |  | (USA)             
|                              |  |            |  | Schrader Duncan Ltd *    (ordinary shares  50% owned)                          |  | (India)           
|                              |  |            |  | Schrader Electronics Ltd                                                        |  | (Northern Ireland)
|                              |  |            |  | Schrader  Lu Hai Rubber Metal (Kunshan) Co Ltd                                 |  | (China)           
|                              |  |            |  | (ordinary shares  60% owned)                                                   |  |                   
|                              |  |            |  | Stackpole Ltd                                                                   |  | (Canada)          
|                              |  |            |  | Standard-Thomson Corporation                                                    |  | (USA)             
|                              |  |            |  | Stant Manufacturing, Inc                                                        |  | (USA)             
|                              |  |            |  | Trico Ltd                                                                       |  | (UK)              
|                              |  |            |  | Trico Latinoamericana, SA                                                       |  | (Argentina)       
|                              |  |            |  | Trico Products Corporation                                                      |  | (USA)             
|                              |  |            |  | Trico Pty Ltd                                                                   |  | (Australia)       

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|* | Associated undertaking
|- | ----------------------