EANS-News: Progress-Werk Oberkirch AG
PWO gains further large scale orders,
including for electro-motor components
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 E-Mail: ir@progress-werk.de end of announcement euro adhoc -------------------------------------------------------------------------------- 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
Original content of: Progress-Werk Oberkirch AG, transmitted by news aktuell