on Progress-Werk Oberkirch AG (isin : DE0006968001)
PWO Group Expands Mexican Locations
PWO Group will significantly enhance its tool logistics capacity in Mexico by year-end 2024. CEO Carlo Lazzarini announced an investment of approximately EUR 1 million for new space and advanced equipment. This move aims to support profitable growth and improve efficiency.
The new logistics spaces will be adjacent to current locations, optimizing workflow and customer demand fulfillment. The upgraded infrastructure will also minimize production bottlenecks and reduce costs related to warehousing and personnel.
The Mexican sites are key growth drivers for PWO, contributing EUR 113.3 million in revenue in 2023, representing over 20% of the group's total revenue. The focus on climate-friendly lightweight construction and innovation is set to strengthen their market position further. Additionally, the installation of photovoltaics will enhance energy efficiency and sustainability.
R. E.
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