With our innovative lightweight solutions, we are the preferred partner of the global mobility industry. As an engineering house, we are constantly driving forward the development and production of sophisticated metal components and complex subsystems.
Under the slogan "People, Planet, Progress", we use our technological leadership at the boundaries of what is technologically feasible in metal forming and joining to serve our customers and business partners. Responsibility is at the heart of everything we do. We see our business as a "Force for Good”, as our contribution to a positive development in the future for the benefit of our customers, employees and shareholders as well as for our environment. To this end, we are focusing on digitalizing all of our processes using the tools of the fourth industrial revolution.
We address the three areas of the mobility of the future: electrification, safety and comfort. More than 90 percent of our revenues is independent of combustion engines. Around 3,000 employees at five production locations and three assembly sites on three continents ensure maximum delivery reliability and quality.
All of our business activities are geared toward maximum efficiency, which is why the Group maintains a simple and transparent structure.
Our locations are situated in the major markets around the world that offer enough potential to maintain long-term capacity utilization with high unit numbers. We differentiate between production and assembly locations. Our production sites are located in Germany , China, Canada, Mexico and Czechia. It is here where we pool our capital-intensive forming capacities and concentrate our employees’ high level of expertise that is necessary for ongoing process innovation. At our assembly locations, our individual components are put together into complex subsystems. Meanwhile, we operate three assembly locations in China, Mexico and Czechia, each of which is a separate operating facility of our subsidiaries in the respective countries.
We also possess a global network of cooperation partners who we can rely on when customers require delivery in other countries.
We develop and manufacture over 1,000 products, which makes us independent of the trends in any one area. We are also independent when it comes to the type of drive the vehicle uses. For example, less than 10 percent of our revenue stem from components, such as clutch and transmission components, used in drives with internal combustion engines.
We manufacture a wide range of high-precision round parts for electrical and electronic components. These parts are one of the most complex parts that can be produced by deep drawing steel. We are one of the world’s market leaders in this area, just as we are when it comes to components for air suspension systems.
Depending on the model, structural components and subsystems for the body and chassis are usually supplied directly to our customers. The components of the other two product areas are predominantly manufactured for international Tier 1 suppliers who integrate these components into their own systems for a number of vehicle models.
The Group’s legal entities form the basis of our segment reporting, which is organized according to sales markets. We have spent around 15 years building the global presence we enjoy today. Germany, Canada, Mexico and Czechia are the Group’s main pillars. The future growth drivers will be China, Mexico and Czechia. In Germany and Canada, our plan is to consolidate the size of the current locations.
The PWO Group serves the global mobility industry and delivers to its customers worldwide - wherever they need our components.
Around 40 percent of our revenue is derived from vehicle manufacturers and 60 percent from their suppliers. Whom we supply depends entirely on whether a manufacturer is directly installing our steel components and subsystems, or whether the manufacturer receives a complete system from the supplier. The former relates, for example, to some instrument panel carrier models, which are delivered directly to our customers. The latter refers to seat components, among others, which we deliver to the seat manufacturers themselves. Strategically, we strive for a balanced distribution of revenues across our entire customer base.