PWO Group

A strategy for the future.

WHAT IS NEXT FOR US

A clear vision as a roadmap for success.

Transformative change, long-term perspectives and concrete objectives are key features of our entrepreneurial thinking and actions. Our CEO Carlo Lazzarini about the path PWO is taking to expand the group’s leading position globally.

WHAT OUR KEY FACTS LOOK LIKE

10

sites on 3 continents

100+

years of experience

3,200+

employees

555

million in revenue

WHAT OUR MANAGEMENT STRUCTURES LOOK LIKE

Executive Board

The Executive Board is responsible for our group’s operating business and strategic development. A schedule of responsibilities sets out the duties of the individual members of the Executive Board, while rules of procedure define the principles of cooperation.

Members of the Executive Board

Remuneration System for the Members of Executive Board

Archive of the Remuneration System for the Members of the Executive Board

Supervisory Board

Our Supervisory Board consists of 6 members, 4 of which are shareholder representatives and 2 employee representatives.

Members of the Supervisory Board

Karl M. Schmidhuber, Alzenau

Chairman of the Supervisory Board since May 31, 2016; former Chief Executive Officer of PWO AG, Oberkirch

Curriculum Vitae

Dr. Georg Hengstberger, Tübingen

Deputy Chairman of the Supervisory Board since May 23, 2018; member of the Supervisory Board since May 22, 2013 Master's Degree in Mathematics, Managing Director of Consult Invest Beteiligungsberatungs-GmbH, Böblingen

Curriculum Vitae

Andreas Bohnert, Kappelrodeck

Member of the Supervisory Board since May 20, 2021 (employee representative), process planner and Chairman of the Works Council of PWO AG

Curriculum Vitae

Carsten Claus, Aidlingen

Member of the Supervisory Board since May 23, 2018, former Chairman of the Executive Board of Kreissparkasse Böblingen

Curriculum Vitae

Stefan Klemenz, Kappelrodeck

Member of the Supervisory Board since May 20, 2021 (employee representative), production planner at PWO AG

Curriculum Vitae

Dr. Jochen Ruetz, Stuttgart

Member of the Supervisory Board since May 23, 2018; managing director/CFO and member of the Administrative Board of GFT Technologies SE, Stuttgart

Curriculum Vitae

† Dieter Maier, Stuttgart

Honorary Chairman of the Supervisory Board

Rules of Procedure for the Supervisory Board

Qualification Profile for the Supervisory Board

The Supervisory Board should be composed in a way that ensures it can provide qualified supervision and advice to the Executive Board. The Supervisory Board's members, as a whole, should have the knowledge, skills and professional experience necessary to properly perform the duties of a supervisory board in a capital market-oriented, internationally operating company in the automotive supply industry.

Qualification Profile for the Supervisory Board
Qualification-Profile-for-the-Supervisory-Board.pdf
pdf
119,46 KB

Remuneration System for the members of the Supervisory Board

Following the suggestion of the Supervisory Board, in line with the recommendations of the personnel committee, the Annual General Meeting of 19 May 2021 has revised the remuneration of the members of the Supervisory Board with a majority of 99.66 %.

Remuneration System for the Members of the Supervisory Board
Remuneration-System-for-the-Members-of-the-Supervisory-Board_2025.pdf
pdf
138,52 KB

1) The English translation of this document is provided for ease of understanding only. In the event of a difference in interpretation between the German and English texts, the German version shall prevail.

HOW WE UNDERSTAND CORPORATE GOVERNANCE

Leading responsibly – growing sustainably.

Find out more

WHERE YOU’LL FIND US

We’re there for you, worldwide.

1

Canada

Engineering and Production
Kitchener, Ontario

2

Mexico

Engineering and Production
Puebla, San Cristobal

3

Mexico

Production
Puebla, Santa Elena

4

Germany

Headquarters PWO Group
Oberkirch

5

Germany

Production Facility
Oberkirch

6

Serbia

Engineering and Production
Čačak

7

Czech Republic

Production
Hrachovec

8

China

Engineering and Production
Suzhou, Jiangsu Province

9

China

Production
Shenyang, Liaoning Province

10

Serbia

Engineering and Production
Kragujevac

11

Czech Republic

Engineering and Production
Palackého

1

Canada

Engineering and Production
Kitchener, Ontario

Canada

2

Mexico

Engineering and Production
Puebla, San Cristobal

Mexico

3

Mexico

Production
Puebla, Santa Elena

Mexico

4

Germany

Headquarters PWO Group
Oberkirch

Germany

5

Germany

Production Facility
Oberkirch

Germany

6

Serbia

Engineering and Production
Čačak

Serbia

7

Czech Republic

Production
Hrachovec

Czech Republic

8

China

Engineering and Production
Suzhou, Jiangsu Province

China

9

China

Production
Shenyang, Liaoning Province

China

10

Serbia

Engineering and Production
Kragujevac

Serbia

11

Czech Republic

Engineering and Production
Palackého

Czech Republic

Headquarters PWO Group
PWO sites
The PWO Group's most important regional markets
Countries with previous and current project-specific collaborations

Asia

China

Engineering and Production

Suzhou

PWO High-Tech Metal Components (Suzhou) Co. Ltd.
No. 33 Tian'edang Rd.
Yuexi Town, Wuzhong District
215104 Suzhou, Jiangsu Province
People's Republic of China

+86 (512) 66 37 97 21

Production

Shenyang

PWO High-Tech Metal Components (Suzhou) Co., Ltd. Shenyang Branch
Building 16th, NO.40 Twentieth Hunhe Street,
Shenyang Economy & Technology Development Zone,
110141 Shenyang, Liaoning Province
People's Republic of China

+86 (24) 62 78 07 88

Northamerica

Canada

Mexico

Europe

Germany

Serbia

Czech Republic

WHERE WE COME FROM

More than a century of pioneering spirit.

1919

Establishment of PWO

On September 6, 1919, Progreß-Werk Oberkirch is established in Stadelhofen and begins production of metal products.
1920

Production of air pumps

During the Roaring Twenties, PWO meets the growing demand for air pumps for bicycles and motor vehicles all over the world at an early stage – making it a global market leader.
1948

Production of field kitchens

The manufacture of field kitchens for the French army adds an additional important line of business, which produces bestseller qualities for more than 40 years.
1953

Production of motor scooters

The Strolch motor scooter, whose large wheels make it very stable to drive, is a real sales success.
1978

Initial public offering

On June 28, PWO goes public on the Stuttgart stock exchange – and on the very first day, its share trades at around double its then par value.
1990s

PWO goes automotive

After Germany’s reunification, PWO set its focus completely on the automotive sector and has since developed into a global player.
1997

Global expansion

PWO acquires shares in Brattan Tool Industries Ltd., Canada, and enters the North American market.
2005

Market entry in the Czech Republic

PWO takes its first step into Eastern Europe by acquiring UNITOOLS CZ a.s., a Czech tool manufacturer with a long tradition in metal forming that fit perfectly into the PWO Group.
2008

Acquisition in Mexico

Upon completing the acquisition of Cartec S.A. de C.V., Mexico, the company becomes a wholly-owned subsidiary of the PWO Group, which is thus excellently positioned in Puebla, a center of the Mexican automotive industry.
2009

Start of production in China

From 2006, PWO gains its first experience in China as part of a joint venture. After intensive discussions with customers, at the end of 2007 the decision is made to establish a wholly-owned subsidiary. Production starts at the beginning of 2009.
2015

New location in Shenyang

A new location opens 1,500 kilometers northwest of Suzhou. This allows PWO to serve customers based there even better and tap into further market potential.
2016

Eastern Europe became an important sales market

The Czech Republic location has developed into a key pillar of PWO Group. Two new halls have already been well filled.
2017

Expansion in Mexico

PWO has enjoyed considerable success in Mexico. The existing site has reached its capacity. Establishing a further site opens up new growth prospects.
2019

Company Anniversary

From a small metal processor to a global supplier to the mobility industry: PWO is celebrating a 100-year success story and is focusing increasingly on the sustainable mobility of the future.
2021

PWO is gearing up with growth

Despite the ongoing effects of the Coronavirus crisis, the group achieves strong growth in new business and the sales pipeline remains well filled. The following year sees PWO acquire the highest volume of new business in its history, worth around EUR 890 million.
2022

Expansion in the Czech Republic

The importance of Eastern Europe is growing, and customer demand remains high. Additional production capacity is being opened up at PWO's second location.
2023

Expansion in Serbia

The acquisition of a new toolmaking facility and the purchase of a 100,000-square-metre site in Serbia lays the foundations for a strong technology hub comprising all PWO locations in Eastern Europe.
2025

PWO expands in the Czech Republic

A new hall is opened directly adjacent to an existing building. This allows for additional orders to be manufactured in an optimal factory layout.
2025

Opening of the new site in Čačak

The grand opening of the new engineering and production site in Serbia is planned for the second quarter of the year. Production is scheduled to start at the end of the year. The Shared Services Centre for the entire Group is already fully operational.