Progress-Werk Oberkirch AG / Key word(s): Incoming Orders
PWO's new business volume considerably exceeds the prior year's level
Oberkirch, November 27, 2013 - Progress-Werk Oberkirch AG was again able to win numerous new orders in the current fiscal year. The lifetime volume of future series productions achieved by the PWO Group year-to-date has exceeded EUR 400 million. Additionally, corresponding tool sales amount to approximately EUR 30 million. In fiscal year 2012, we had attained series orders with a lifetime volume of EUR 350 million and corresponding tool sales of EUR 25 million.
In the current year, a large number of new orders are concentrated in the areas of electric engine housings and seat components. Our Czech location in particular will benefit from these orders and will significantly expand its operations. We are also very pleased to be awarded a further large order for the production of cross-members at our Chinese site. Additionally, we received a number of new orders in the area of air suspension systems for passenger cars and SUVs. Here, we are the leading vendor worldwide and have been able to further strengthen our market position.
A key factor in this success is our continued innovative strength which enables us to offer optimum solutions in terms of weight reduction, usage of space, functionality, and cost. Our global presence combined with sophisticated logistics concepts ensures the efficient, global delivery of our customers' locations.
The new contracts predominantly have a lifetime of five to eight years and a majority of these contracts will begin in 2015. These contracts are distributed throughout all of our production locations and will contribute to securing these locations' future utilization and growth.
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 'Mechanical components for electrical and electronic applications', 'Safety components for airbags, seats and steering' and 'Components and systems for vehicle bodies and chassis'.
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|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-0|
|Fax:||+49 (0)7802 84-273|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München|
|End of News||DGAP News-Service|