DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Incoming Orders
- Company supplies instrument panel carriers for the first time to the important American pickup truck market
Oberkirch, December 6, 2017 - PWO won the tender for a major order for the production of instrument panel carriers. The Company will supply two of Ford's vehicle models, Bronco and Ranger, from PWO's Canadian location. This not only strengthens PWO's relationship with this important customer but also represents the first time the Company is supplying instrument panel carriers to the important American pickup truck market.
The lifetime volume of the contract amounts to EUR 80 million, including EUR 6 million for related tool orders. The expected volume of new business for the current fiscal year increases accordingly from the previous forecast of around EUR 250 million to a forecast of more than EUR 300 million. Series production is scheduled to begin in the years 2020 and 2022 and run for a total of 8 years.
Dr. Volker Simon, CEO of PWO, is very pleased with the order: "Our innovative lightweight solutions for instrument panel carriers made of steel continue to be in high demand. With the addition of two new vehicle models, we are again expanding the range of models we serve. This is the first time we are supplying our customers in this vehicle segment with instrument panel carriers, which means the order represents additional growth for PWO and underscores our competitive strength and the growth prospects of the PWO Group beyond 2020."
Progress-Werk Oberkirch AG
PWO company profile
All of the Group's more than 1,000 products contribute to automotive comfort and safety. 93 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,400 employees on three continents at five production sites and two assembly plants, ensure the highest level of delivery reliability and quality.
|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-347|
|Fax:||+49 (0)7802 84-789|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|End of News||DGAP News Service|