- CEO
- Carlo Lazzarini
- Full Time Employees
- 3,262
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Industriestrasse 8 Oberkirch BW Germany 77704
- IPO Date
- Jun 28, 1978
- Business
- PWO AG develops and manufactures sophisticated lightweight metal components and complex systems for the automotive industry, with a focus on electrification, safety, and comfort solutions independent of combustion engines; core products include rotor and motor housings, components for electric drives, electronic control unit covers, pole housings, heat protection elements, and crash-absorbing structures made from high-strength and ultra-high-strength materials using advanced technologies such as laser welding and forming. The company operates production and engineering facilities in Germany, Canada, China, Mexico, the Czech Republic, Serbia, and the United States, serving global original equipment manufacturers with tailor-made mass-production solutions. Founded in 1919 and headquartered in Oberkirch, Germany, PWO AG changed its name from Progress-Werk Oberkirch AG in May 2023 and employs over 3,500 people worldwide. Recent developments include the construction of a new engineering and production site in Serbia to support series ramp-ups and Eastern European delivery capabilities, achievement of a lifetime new business volume of EUR 630 million in fiscal 2024 exceeding original expectations, and significant progress in decarbonization with Scope 1 and 2 GHG emissions reduced by two-thirds from the 2019 baseline. In the first half of 2025, PWO secured EUR 445 million in new business lifetime volume and confirmed guidance for EBIT before currency effects of EUR 23-28 million amid market challenges. The company continues to invest in capital expenditures around EUR 40 million annually to expand its market position in sustainable mobility.