PWO Progress-Werk Oberkirch AG

DGAP-News: Progress-Werk Oberkirch AG: PWO becomes a member of the 'Brose Exclusive Supplier Team' ('BEST')

DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Miscellaneous
Progress-Werk Oberkirch AG: PWO becomes a member of the 'Brose Exclusive Supplier Team' ('BEST') (news with additional features)

06.09.2019 / 09:45
The issuer is solely responsible for the content of this announcement.


Oberkirch, September 06, 2019 - PWO has been named by Brose - one of its largest customers - as a member of the Brose Exclusive Supplier Team ("BEST"). During a visit, the managing director responsible for procurement at the Brose Group, Periklis Nassios, the Head of Procurement Mechanics and Raw Materials, Werner Appelmann, and Head of Procurement Metal, Stephanie Thorel-Walsdorf, presented this prestigious award to the great pleasure of the PWO sales team.

PWO was already recognized by Brose as a "Key Supplier" in 2016 and 2018, as one of 90 suppliers for PWO's particular strategic importance and history of delivery reliability. Brose is now forming a new, special supplier platform for this already prominent group consisting initially of eight "BEST" suppliers, with whom Brose will work more intensely in the future.

Brose presented the award while expressing its deep appreciation for the extraordinary commitment, superior delivery quality and reliability, and exceptionally innovative products and processes, which PWO has proven repeatedly during the numerous joint projects.

CEO Volker Simon was very pleased with the award saying: "We have been a business partner of Brose for more than 30 years and are currently one of this globally operating group's largest suppliers and one of the few to supply to all three of its business units (doors, drives and seats). Our five plants, spread among all of the markets important for our customers, make us a competitive partner, enabling us to more than double our business volume with the Brose Group since 2010. We currently deliver about 50 million components per year to this customer. This award is in recognition of the superior performance of all our employees who we would like to thank for their continued strong commitment. We would also like to thank Brose for their many years of trustworthy cooperation."

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,300 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.


Additional features:

Picture:
Subtitle: Brose names PWO "BEST"-Supplier. f.l.t.r.: Thorsten Sehl (PWO), Periklis Nassios (EVP Brose), Stephanie Thorel-Walsdorf (Brose), Dr. Volker Simon (CEO PWO), Bernd Conrad (PWO), Werner Appelmann (Brose).


06.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: +49 (0)7802 84-347
Fax: +49 (0)7802 84-789
E-mail:
Internet: -werk.de
ISIN: DE0006968001
WKN: 696800
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 869421

 
End of News DGAP News Service

869421  06.09.2019 

fncls.ssp?fn=show_t_gif&application_id=869421&application_name=news&site_id=research_pool
EN
06/09/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Progress-Werk Oberkirch AG

PWO AG: 1 director

A director at PWO AG bought 700 shares at 29.314EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...

 PRESS RELEASE

EQS-News: Bilanzfeststellende Sitzung des PWO-Aufsichtsrats

EQS-News: PWO AG / Schlagwort(e): Jahresergebnis/Prognose Bilanzfeststellende Sitzung des PWO-Aufsichtsrats 21.03.2025 / 09:07 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Bilanzfeststellende Sitzung des PWO-Aufsichtsrats Carlo Lazzarini (CEO): „Die Rahmenbedingungen ändern sich. Die Erfolgsfaktoren bleiben gleich. Unsere hohe Anpassungsfähigkeit haben wir in den vergangenen Jahren immer wieder erfolgreich demonstriert. Deshalb werden wir unseren Weg auch in einem komplexer werdenden Umfeld konsequent weitergehen.“ Vorläufige Zah...

 PRESS RELEASE

EQS-News: PWO Supervisory Board meeting to approve financial statement...

EQS-News: PWO AG / Key word(s): Annual Results/Forecast PWO Supervisory Board meeting to approve financial statements 21.03.2025 / 09:07 CET/CEST The issuer is solely responsible for the content of this announcement. PWO Supervisory Board meeting to approve financial statements Carlo Lazzarini (CEO): “The landscape is changing, but the success factors remain the same. Time and again we have proven ourselves highly adaptable in recent years. We will continue, resolutely, to steer a course through this increasingly complex environment.” Provisional figures for fiscal 2024...

 PRESS RELEASE

EQS-News: PWO reports preliminary figures for 2024 and looks back on a...

EQS-News: PWO AG / Key word(s): Preliminary Results PWO reports preliminary figures for 2024 and looks back on a successful fiscal year 20.02.2025 / 10:02 CET/CEST The issuer is solely responsible for the content of this announcement. PWO reports preliminary figures for 2024 and looks back on a successful fiscal year Carlo Lazzarini (CEO): “The macroeconomic and geopolitical conditions remain challenging, making it all the more important that we focus on our strengths and consistently implement our clearly formulated corporate strategy. And this is precisely what we ar...

 PRESS RELEASE

EQS-News: PWO meldet vorläufige Zahlen für 2024 und blickt auf ein erf...

EQS-News: PWO AG / Schlagwort(e): Vorläufiges Ergebnis PWO meldet vorläufige Zahlen für 2024 und blickt auf ein erfolgreiches Geschäftsjahr zurück 20.02.2025 / 10:02 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. PWO meldet vorläufige Zahlen für 2024 und blickt auf ein erfolgreiches Geschäftsjahr zurück Carlo Lazzarini (CEO): „Die gesamtwirtschaftlichen und geopolitischen Bedingungen bleiben herausfordernd. Umso wichtiger ist es, dass wir uns auf unsere Stärken konzentrieren und unsere klar formulierte Unternehmensstrategie konsequ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch