Progress-Werk Oberkirch AG

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

2015-09-14 / 08:00

Press Release

PWO opens its first dedicated assembly location in China

- Construction of assembly plant in Shenyang completed

- Assembly of various types of cross-members for a German premium manufacturer transferred from Suzhou to Shenyang

- New model start-ups in early 2016

- Improved proximity to customers

Oberkirch, September 14, 2015 - Progress-Werk Oberkirch AG has opened its first dedicated assembly location in Shenyang, China. By initiating operations at this plant located in north-east China, we are firmly carrying out our strategy of realizing the best logistical concept for every order. We will be assembling seven varieties of cross-members for a renowned German premium manufacturer in a space of 4,400 m². The extensive training received by our employees at the new assembly location took place at our production location in Suzhou (China), which is also the location from which we make deliveries of pressed parts. The total investment volume for the space rented over a 10-year period amounts to approximately EUR 4.5 million.

"We deliver to our customers globally. This is one of our competitive advantages. We have made a decisive step with the PWO Group's opening of its first pure assembly location as part of our long-term strategy", commented Dr. Volker Simon at the ceremonial inauguration.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is one of the world's leading developers and manufacturers of advanced metal components and systems in lightweight construction for automobile safety and comfort. The company has
developed a unique knowledge in the forming and joining of metals over the course of its 95-year history since it was founded in 1919. The German location at Oberkirch today employs around 1,500 staff members. The Group is globally represented with further sites in China, Canada,
Mexico, and the Czech Republic. It employs around 3,100 staff members worldwide.

PW0 is a partner to the global automotive industry for the development and production of innovative products in the divisions of "Mechanical components for electrical and electronic applications", "Safety components for airbags, seats and steering" and "Components and subsystems for vehicle bodies and chassis".

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