DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Miscellaneous
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
PWO company profile
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".
2015-09-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-0|
|Fax:||+49 (0)7802 84-273|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich|
|End of News||DGAP News Service|