Progress-Werk Oberkirch AG

DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Miscellaneous

17.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.

Press Release

Brose awards PWO Key Supplier Recognition again in 2018

Oberkirch, May 17, 2018 - The PWO Group has received the Key Supplier Recognition from its customer Brose. This places PWO in an exclusive circle of top suppliers to this renowned global automotive supplier. Only three percent of Brose's suppliers receive this award. The Key Supplier Recognition was explicitly presented to our entire Company and all employees. Nearly all of our locations supply this customer. Seat components and motor housings represent the main products we supply to Brose.

CEO of PWO Dr. Volker Simon is very pleased with this award: "Brose is a major customer with whom we have significantly strengthened our business relationship in recent years. This award marks the second time we have been recognized by Brose as a strategic partner. We thank all our employees for their outstanding commitment to making this possible."

Johannes Obrecht, Member of the Management Board responsible for Production and Materials explains: "The key criteria that played a role in our being awarded this recognition were the excellent supplier evaluations we received over the past twelve months, the high procurement volume and the financial power of the PWO Group. In all three areas, we demonstrated outstanding and lasting performance."

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its almost 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,400 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.

17.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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