PWO wins another large-scale order for European sites  

• Success due to technical expertise and competitive costs
• Lifetime volume of more than EUR 100 million. Series production ramp up in 2011

Oberkirch, February 24, 2009 - Progress-Werk Oberkirch AG achieved another great suc-cess as a result of its great technical expertise and its competitive cost structures. After a leading international automotive group picked PWO to co-develop and manufacture the European volume of module carriers for a new global vehicle platform in 2007, PWO has now received another large-scale order. A German premium manufacturer has chosen PWO as the supplier of the axle tubes for its mass production platform. The total volume of this order is in excess of EUR 100 million and ensures high capacity utilisation at both PWO European sites in the future. Ramping up series production is planned for 2011.

Progress-Werk Oberkirch AG

The Management Board