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Progress-Werk Oberkirch AG

EANS-News: PWO wins the Automotive Lean Production Award for the second time

Oberkirch (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information/Lean Production Award
First supplier to win the award for the
second time - The Oberkirch location ranks among Europe´s top 
automotive suppliers
Oberkirch, September 15, 2010 - The Oberkirch location of 
Progress-Werk Oberkirch AG has been distinguished once again by the 
renowned Automotive Lean Production Award in the "Mittelstand 
national" category. The award is bestowed by the Agamus Consult 
management consulting firm and the leading trade journal 
AUTOMOBIL-PRODUKTION. The Lean Production Award represents the 
authoritative benchmark indicating the extent to which the European 
automotive industry has implemented efficient structures and 
processes and is continuously advancing improvement processes.
PWO introduced the Lean Management System to the Oberkirch location 
in the year 2004. Since then, the system has been expanded throughout
the entire corporation and additional elements of a master plan have 
been put in place on a continuous basis. The recent award documents 
the successful implementation of lean management principles at PWO in
all relevant areas. The factor of flexibility in particular was rated
as excellent. The evaluation team made special mention of the very 
lean processes, which permit extremely short response times to 
altered customer requirements. Moreover, the Agamus Consult auditor 
acknowledged that PWO pursues the continuous improvement process 
(CIP) with genuine passion - and stated that a vibrant CIP culture is
lived and "breathed" at the Oberkirch plant.
Karl M. Schmidhuber, PWO´s Chief Executive Officer (CEO) is proud of 
the award: "We are a high-tech company and position ourselves in the 
top bracket of our markets. At PWO, constant, ongoing process 
improvements are a matter of course. I am very pleased that the 
success of our untiring efforts has been confirmed with this second 
award now bestowed. The Oberkirch location is our technology and 
competence center. The principles we live here are adopted by the 
other sites according to their local requirements and enable them to 
stake out leading positions in their markets."
Dr. Winfried Blümel, Chief Operating Officer (COO), perceives the key
improvements of the past years especially in the consistent extension
of lean management principle beyond the actual manufacturing area: 
"In the meantime, all of the areas of the location have been 
streamlined - tool-making, development and sales, logistics and 
administration. In this way, we have achieved a quantum leap in 
overall operational efficiency. The evaluation by Agamus Consult also
documents that within the Oberkirch location the tool-making 
division, which used to work on traditional principles, has developed
into a highly modern and efficient industrial in-house supplier that 
performs tool maintenance and returns the tools to manufacturing 
operations just-in-time. This is the only way to ensure cost 
efficiency in small batch sizes that entail frequent tooling and 
set-up routines. We would like to thank our employees for this 
outstanding performance and their whole hearted commitment to lean 
production principles that are absolutely essential in achieving this
success."
Progress-Werk Oberkirch AG
The Management Board
PWO Group profile PWO is one of the world's leading suppliers of 
high-precision metal components for automobile safety and comfort. 
The company has developed unique expertise in the forming and joining
of metals during its over 90-year history since it was founded in 
1919. The German plant in Oberkirch today employs around 1,200 staff 
members. The Group is represented globally with further sites in 
China, Canada, Mexico and the Czech Republic, and employs more than 
2,000 staff around the world.
PW0 is a partner to the global automobile 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".
Orders for new series production on hand will result in significant 
growth at all sites over the next years, irrespective of full market 
recovery.
end of announcement                               euro adhoc

Further inquiry note:

Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-mail: bernd.bartmann@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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