PWO Group Enhances Its Toolmaking Capabilities in Eastern Europe, Driven by Growth Strategy
PWO Group Enhances Its Toolmaking Capabilities in Eastern Europe, Driven by Growth Strategy
In line with its continuous expansion and focus on profitable growth, the PWO Group is persistently fortifying its market presence. With a sustainable business model that operates entirely separate from combustion engines, it has earned the reputation of a reliable partner among its clients.
In line with its continuous expansion and focus on profitable growth, the PWO Group is persistently fortifying its market presence. With a sustainable business model that operates entirely separate from combustion engines, it has earned the reputation of a reliable partner among its clients. The company is encouraged by the robust surge in demand for its products originating from Eastern Europe. Despite a substantial investment in expanding its Czech operations, announced back in June 2022, the demand is expected to surpass the long-term capacity, leading to the necessity of establishing an additional location in Eastern Europe.
Serbia, offering distinctively favorable conditions, has evolved into a critical hub for the European mobility industry in the recent past. Nearly all the PWO Group's significant Tier I clients have set up production sites in the country, persistently intensifying their presence, and seeking the Group's solutions to cater to their eastern-European operations.
This has led the PWO Group to acquire assets of the well-known tool manufacturer, Gorenje MDM d.o.o., based in Kragujevac, Serbia. The acquisition, a strategic move, took place as the company entered liquidation, and effective from July 1, 2023, the PWO Group has on-boarded around 60 specialists from the liquidating firm. The assets obtained include equipment that is used in the development, construction, manufacturing, and testing of tools for sheet metal cold forming.
Through this investment, the company is securing a foothold in a region that is rich in nearly 200 years of industrial heritage, and is strategically located near other highly specialized suppliers within the mobility industry. Gorenje MDM d.o.o. carries with it over seven decades of experience in the development and manufacturing of tools, and its clientele includes top-tier players in the global mobility industry.
At the Kragujevac location, the PWO Group will focus on the development, production, and testing of high-performing tools for sheet metal cold forming as a key component of its global toolmaking strategy. Utilizing state-of-the-art materials, the emphasis will be on creating smart tools designed for Industry 4.0 applications and the future's smart factories. This effort aims to cater to a distinct external customer demographic and a substantial fraction of the PWO Group's swiftly expanding in-house demand, while maintaining competitive conditions.
We are a global player in the mobility industry, that is contributing to the environmentally friendly mobility of the future with innovations and is completely independent of the internal combustion engine.
With our expertise in climate-friendly lightweight construction, we are technology leaders and combine economic efficiency with sustainability. We develop and produce sophisticated metal components and complex subsystems at the limits of what is technologically feasible. With innovative and sustainable concepts, we meet the challenges of our time. But above all, we want to seize the opportunities that come with them.
As a values-based employer with accessible structures at the global level, we offer our employees a purpose-driven environment in which to realize their personal perspectives. Transparent and responsible corporate governance is part of our identity.
Our corporate strategy is summarized by the motto PEOPLE. PLANET. PROGRESS.