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".

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

Digital press kit: http://www.ots.at/pressemappe/EASY_36822/aom

Rückfragen & Kontakt:

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

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