Progress-Werk Oberkirch AG

EANS-News: Progress-Werk Oberkirch AG
PWO gains further large scale orders, including for electro-motor components

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Company Information/Large scale orders

Oberkirch (euro adhoc) - August 2, 2011 - After having booked new orders worth
more than EUR 150 million in the first half of 2011, which were distributed
among all product areas, and involve the participation of all company sites,
orders worth a further approximately EUR 50 million were acquired in the month
of July alone.

In this context, the main focus is a major order for around EUR 30 million for
components for electrical motors. All of these new orders, which will go into
series production from 2013, make a significant contribution to the further
growth of PWO's sites in North America, China and also in Europe. 

We are also working intensively on solutions for components for alternative
drive concepts, as well as for batteries in electrical vehicles.

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 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 2,300 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".

Further inquiry note:
Charlotte Frenzel
Tel.: +49 (7802) 84-844

end of announcement                               euro adhoc 

company:     Progress-Werk Oberkirch AG
             Industriestraße 8
             D-77704 Oberkirch
phone:       +49(0)7802 84-0
sector:      Automotive Equipment
ISIN:        DE0006968001
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English

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