DGAP-News: Progress-Werk Oberkirch AG

DGAP-News: Progress-Werk Oberkirch AG: PWO Mexico recognized by Bosch for outstanding performance; receives the Bosch North America Supplier Award

DGAP-News: Progress-Werk Oberkirch AG / Key word(s): Miscellaneous Progress-Werk Oberkirch AG: PWO Mexico recognized by Bosch for outstanding performance; receives the Bosch North America Supplier Award

28.07.2016 / 08:00 The issuer is solely responsible for the content of this announcement.

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Oberkirch, July 28, 2016 - The Mexican subsidiary of Progress-Werk Oberkirch AG was recognized by Bosch for the subsidiary's outstanding performance and presented with the Bosch North America Supplier Award 2014/2015 in the category "Notable Supplier." At the award ceremony held under the motto "Power of Partnership - Connected Intelligence," a total of 11 suppliers were honored for their superior performance in the areas of quality, price, reliability, technology and continued evolution.

PWO has been supplying Bosch - a longstanding customer - with highly sophisticated metal components, which include deep-drawn electric motor housings, from its production location in Mexico since 2014. Group-wide, PWO produces 120 million units of these components annually for a variety of vehicle applications.

"Bosch and PWO are bonded by a partnership that has lasted decades, which is why we are especially pleased to be recognized as one of their best suppliers, also on an international comparison. We would like to extend a special thanks to our employees, who over the past few years have taken this location forward with their strong dedication and service," said Dr. Volker Simon, Speaker of the Management Board.

Johannes Obrecht, the Management Board member responsible for Production and Materials is also proud to receive this award: "The production of electric motor housings represented not only a new product for our location in Mexico but also a higher level of product complexity. We are pleased that our efforts have been recognized with such an award such a short time after starting production for this order."

Progress-Werk Oberkirch AG The Management Board

PWO company profile PWO is one of the world's leading developers and manufacturers of advanced metal components and systems in lightweight construction for automobile safety and comfort. The Group has developed a unique knowledge in the forming and joining of metals over the course of its roughly 97-year history since it was founded in 1919. The German location at Oberkirch today employs around 1,500 staff members. PWO is globally represented with further sites in the Czech Republic, Canada, Mexico, and China. The Group employs a total of 3,100 staff members.

PW0 is a partner to the global automotive industry for the development and production of innovative products in the divisions of "Mechanical components for electrical and electronic applications", "Safety components for airbags, seats and steering" and "Components and subsystems for vehicle bodies and chassis".

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28.07.2016 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.

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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 End of News DGAP News Service ---------------------------------------------------------------------------

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