EANS-News: Progress-Werk Oberkirch AG / PWO records high volume of incoming orders for its Mexico site

- Substantial orders received for series productions

- Investments in the site over the last few years paying off

- Revenue expected to double by 2012

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet

Subtitle: - Substantial orders received for series productions
- Investments in the site over the last few years paying off
- Revenue expected to double by 2012

Oberkirch (euro adhoc) - Oberkirch, 11 March 2010 - Progress-Werk
Oberkirch AG reports very positive development in the volume of
incoming orders for its production site in Mexico. Most of the new
series productions are going to be launched and ramped up over the
next two years, doubling revenue to around USD 40 million by 2012.
Orders for components in the areas of vehicle body, chassis and
steering have come in from existing customers of the site as well as
other PWO Group customers.

Karl M. Schmidhuber, CEO of Progress-Werk Oberkirch AG, feels that
PWO´s long-term strategy is paying off: "At PWO, we strategically
position ourselves wherever our market is showing signs of
above-average growth potential. We entered into the Mexican market in
2007 to ensure an even more efficient supply to the NAFTA region as
well as in response to foreseeable relocations of business to the
region by our customers. Since then, we have improved production
processes, developed the site from a technological point of view and
established the site as a reliable supplier of high-end metal
components. This has put us in a position to benefit from the
foreseeable increase in demand in North America."

Tim Werding, Managing Director of PWO de México SA de CV, Puebla,
adds: "We came a long way with the development of our site in 2009:
We are regarded as an A-listed supplier by our major customers and we
have successfully positioned ourselves among new customers, including
important key accounts of the PWO Group, gaining new orders in the
process. A new assembly line has almost been completed and we have
started developing our own tooling operations, paving the way for
promising development at the site."

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 the automobile industry,
specialising in vehicle safety and comfort. The company has developed
a unique know-how in the shaping and joining of metals over ninety
years of corporate development since its foundation in 1919. The
German plant in Oberkirch currently has around 1,100 employees. The
company is rep-resented globally, with sites in China, Canada, Mexico
and the Czech Republic, and has around 1,900 employees.

PWO 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 systems",
"safety com-ponents for airbags, seats and steering and "structural
components and systems for the vehicle body and chassis".

Based on current contracts for new series production PWO will return
to significant growth in the com-ing years - regardless of whether
the markets fully recover or not.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Progress-Werk Oberkirch AG
Im Internet recherchierbar: http://www.presseportal.de

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