Progress-Werk Oberkirch AG

EANS-News: Progress-Werk Oberkirch AG /

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Company Information/PWO awarded for outstanding commitment to social issues

Oberkirch (euro adhoc) - June 8, 2011 - Progress-Werk Oberkirch AG has been distinguished for its outstanding commitment to Diakonie/Caritas facilities as part of the "gemeinsam gewinnen" ("Winning Together") action group. The action group is carried by Caritas, Diakonie Baden and the Baden-Württemberg Association of Cooperatives (Baden-Württembergischer Genos-senschaftsverband). The award pays tribute to PWO's commitment to Caritas social projects over the last three years.

Karl M. Schmidhuber, PWO's CEO, underscored the significance of PWO's social commitment: "We feel highly committed to the regions where we operate. Over and beyond our company's direct economic interests, we are obligated to societal and community values. Everybody gains from a culture of solidarity - people, regions and companies. Therefore, social commitment comprises a key component of PWO's corporate model."

Bernd Bartmann, Management Board member responsible for PWO's commercial and HR areas, made the following remarks on the company's overall commitment: "For the last three years, we have been offering our trainees and our dual further education students eight to ten different projects per year with a focus in each case on craft, organisational or social areas. Around 70 of our young employees are currently responsible for individual projects in their free time as part of a fixed contract with a social facility. Progress-Werk Oberkirch AG also directly fulfils its social responsibility in the region in various ways."

Progress-Werk Oberkirch AG The Management Board

PWO company profile PWO is one of the world's leading suppliers of high-end metal components for automobile safety and comfort. The company has developed unique knowledge in the forming and joining of metals over the course of its over 90-year history since it was founded in 1919. The German location at Oberkirch today employs around 1,200 staff members. The Group is globally represented with further sites in China, Canada, Mexico and the Czech Republic, and employs around 2,200 staff around the world.

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

end of announcement                               euro adhoc
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company:     Progress-Werk Oberkirch AG
          Industriestraße 8
          D-77704 Oberkirch
phone:       +49(0)7802 84-0
mail:     info@progress-werk.de
WWW:      http://www.progress-werk.de
sector:      Automotive Equipment
ISIN:        DE0006968001
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
          Hamburg, Stuttgart, Düsseldorf, München
language: English 

Contact:

Charlotte Frenzel
Tel.: +49 (7802) 84-844
E-Mail: ir@progress-werk.de

Branche: Automotive Equipment
ISIN: DE0006968001
WKN: 696800
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade



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