Progress-Werk Oberkirch AG

EANS-News: Progress-Werk Oberkirch AG
PWO places a new high-performance forming press into operation at its Oberkirch site

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Subtitle: - The new press enables highly-complex forming of steel sheet and
aluminum
- An increase in productivity and at the same time an expansion in capacity for
the upcoming start-ups and ramp-ups of new series orders 
- PWO has even more flexibility in responding to customer demands

Marketing

Oberkirch (euro adhoc) - Oberkirch, March 15, 2013 - Today, Progress Werk
Oberkirch AG held a celebration to mark the official commencement of operation
of a new Schuler 1,250 ton servo-press at the Oberkirch site. PWO had already
expanded its capacity in fiscal year 2012 at its locations in the Czech Republic
and China with two of the same types of forming presses.

This new press belongs to one of the largest pieces of machinery within the PWO
Group and allows for the highly-complex forming of materials such as
high-strength steel, among others. The new press can achieve a much higher
output than possible with conventional presses as a result of the modern
servo-drive technology. This leads to a noticeable improvement in productivity.
The resulting capacity expansion will be quickly consumed by the high level of
new business experienced in the past years. Seat components, engine brackets,
and engine housings among others will be produced on this new piece of
equipment. The investment volume amounted to nearly EUR 5 million. 

By placing this new press into operation, PWO has concluded an important
milestone in terms of its current investment program. As a result, PWO will be
able to react even more efficiently and flexibly to customer demands in the
future.


Progress-Werk Oberkirch AG
The Management Board


PWO company profile
PWO is one of the world's leading suppliers of advanced metal components for
automobile safety and comfort. The company has developed a 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 1,500 staff members. The Group is globally represented with further sites
in Canada, the Czech Republic, China and Mexico employs over 2,900 staff members
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".


Further inquiry note:
Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: 	bernd.bartmann@progress-werk.de

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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 



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