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Progress-Werk Oberkirch AG, DE0006968001

Progress-Werk Oberkirch AG, DE0006968001

05.09.2019 - 10:33:05

Progress-Werk Oberkirch AG: PWO celebrates 100 years of pioneering


- Progreß-Werk Oberkirch Aktiengesellschaft was founded in Stadelhofen (Baden) on September 6, 1919 - Celebration commemorating 100th anniversary to take place on September 7, 2019 with prominent guests - Company will hold an Open House on September 8, 2019 at its home location in Stadelhofen

Oberkirch, September 05, 2019 - On September 6, 1919, seven courageous entrepreneurs founded Progreß-Werk Oberkirch Aktiengesellschaft in Stadelhofen (Baden). From the beginning, the Company focused on the manufacture of air pumps for bicycles, motorcycles and automobiles, making it an automotive supplier right from the very start of production. PWO quickly became the world market leader for air pumps with exports worldwide.

Under the motto "100 years of pioneering," PWO's 100-year commitment to the automotive industry is also the focus of the anniversary celebrations. The celebration will start with a ceremony on September 7, 2019 in the presence of numerous guests from the fields of politics, business and research, as well as current and former employees of PWO. A keynote speaker will be the president of the German parliament (Bundestag), Dr. Wolfgang Schäuble, who was directly elected as the representative of the constituency of Offenburg and has held this position for almost five decades.

PWO is inviting all interested parties to an Open House on September 8, 2019 at its home location in Stadelhofen, for a walk through a hundred years of company history. In addition, visitors can take a live look at the Company's contemporary production site and watch the world's fastest deep-drawn production of motor housings. Catering will be provided by Vereinsgemeinschaft Stadelhofen. We thank them very much for their extraordinary dedication.

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.

05.09.2019 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 www.dgap.de

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: ir@progress-werk.de Internet: www.progress-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: 869053   End of News DGAP News Service

869053  05.09.2019 

@ dgap.de