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".

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

end of announcement euro adhoc
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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