Progress-Werk Oberkirch AG: PWO highlights its independent combustion engine business model and turns to electric vehicles

DGAP-News: Progress-Werk Oberkirch AG / Keyword (s): Sustainability

Progress-Werk Oberkirch AG: PWO highlights its independent combustion engine business model and turns to electric vehicles

15.11.2021 / 13:09
The issuer is solely responsible for the content of this advertisement.

– Fleet to be converted into electric vehicles
– Installation of the charging network in the company’s premises
– New measures are taken on the road to carbon neutrality

Oberkirch, November 15, 2021 – PWO feels strongly committed to protecting the living conditions of future generations and therefore strives to put in place sustainable business processes. As part of the vast plan to achieve carbon neutrality at the Oberkirch site in 2026 and in the Group in 2030, only electric vehicles will be ordered as new personal company vehicles as well as in principle as vehicles. de pool in Oberkirch from 2022. At the same time, a network of charging stations for employees and visitors will be installed on the company’s premises.

The conversion of the fleet, with which we will actively reduce carbon emissions, is part of the overall plan to achieve carbon neutrality. In addition, we will only use green electricity at our sites in Germany and Czechia from 2022 and we are committed to further increasing energy efficiency and the use of self-generated electricity.

We are in an excellent position for the global transition to electric mobility, which has just regained momentum at the global climate change conference in Glasgow. The Group’s product range is already independent from the combustion engine, which makes us a viable partner for our customers and is reflected in our high level of new business.

However, our solutions are present in all vehicles, regardless of the type of driving. This is because of our extensive product line with over 1,000 components, our proven expertise in lightweight construction, and our ability to constantly push the boundaries of technological feasibility in metal forming and joining technologies.

Carlo Lazzarini, CEO of PWO AG, says: “Rather than focusing on a single product, our offering highlights our ability to develop the best possible system solution for each customer’s needs – while achieving a high degree of functionality. and economic efficiency as well as an ever smaller carbon footprint. At the same time, we are constantly reducing the use of materials. We are able to make steel light and thus develop alternatives to aluminum and plastic solutions that offer significantly more favorable cost and environmental performance with the same or better functionality. As a result, we have already received significant new orders for electric vehicles, which will gain momentum in the coming years. We therefore play an important role in building the mobility of tomorrow.

Progress-Werk Oberkirch AG
The Executive Council

PWO Profile
With our innovative lightweight solutions, we are the preferred partner of the global mobility industry. As an engineering house, we are constantly promoting the development and production of sophisticated metal components and complex subsystems.

Under the slogan “People, Planet, Progress”, we use our technological leadership to the limits of what is technologically feasible in metal forming and assembly to serve our customers and business partners. Responsibility is at the heart of everything we do. We see our company as a “force for good”, as our contribution to a positive development in the future for the good of our customers, employees and shareholders as well as for our environment. To do this, we are focusing on digitizing all of our processes using the tools of the fourth industrial revolution.

We address the 3 areas of mobility of the future: electrification, safety and comfort. Our product line is already independent of the combustion engine. Around 3,000 employees at 5 production sites and 3 assembly sites on 3 continents guarantee maximum reliability and delivery quality.

11.15.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

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Kevin A. Perras