EANS-News: Progress-Werk Oberkirch AG /

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Company Information/PWO awarded for outstanding commitment to social
issues

Oberkirch (euro adhoc) - June 8, 2011 - Progress-Werk Oberkirch AG
has been distinguished for its outstanding commitment to
Diakonie/Caritas facilities as part of the "gemeinsam gewinnen"
("Winning Together") action group. The action group is carried by
Caritas, Diakonie Baden and the Baden-Württemberg Association of
Cooperatives (Baden-Württembergischer Genos-senschaftsverband). The
award pays tribute to PWO's commitment to Caritas social projects
over the last three years.

Karl M. Schmidhuber, PWO's CEO, underscored the significance of PWO's
social commitment: "We feel highly committed to the regions where we
operate. Over and beyond our company's direct economic interests, we
are obligated to societal and community values. Everybody gains from
a culture of solidarity - people, regions and companies. Therefore,
social commitment comprises a key component of PWO's corporate
model."

Bernd Bartmann, Management Board member responsible for PWO's
commercial and HR areas, made the following remarks on the company's
overall commitment: "For the last three years, we have been offering
our trainees and our dual further education students eight to ten
different projects per year with a focus in each case on craft,
organisational or social areas. Around 70 of our young employees are
currently responsible for individual projects in their free time as
part of a fixed contract with a social facility. Progress-Werk
Oberkirch AG also directly fulfils its social responsibility in the
region in various ways."

Progress-Werk Oberkirch AG
The Management Board

PWO company profile PWO is one of the world's leading suppliers of
high-end metal components for automobile safety and comfort. The
company has developed 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 1,200 staff members. The Group is globally represented with
further sites in China, Canada, Mexico and the Czech Republic, and
employs around 2,200 staff 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".

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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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

Further inquiry note:

Charlotte Frenzel
Tel.: +49 (7802) 84-844
E-Mail: ir@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