on Progress-Werk Oberkirch AG (isin : DE0006968001)
PWO Group Expands in Serbia, Strengthens Sustainable Mobility
PWO Group has inaugurated a new engineering and production site in Čačak, Serbia. This expansion signifies a strategic move into Eastern Europe, with the site anticipated to create over 500 new jobs. The Serbian facility emphasizes sustainable production with modern technology, reinforcing PWO's position in the region.
The facility benefits from an investment of approximately EUR 28 million and is set to commence production by late 2025. It forms part of a network with an existing site in Kragujevac, focusing on vehicle electrification and climate-friendly solutions. PWO is committed to a "local for local" production model, enhancing its capacity in Eastern Europe.
The Čačak site also hosts a new Shared Service Center, already operational, facilitating support across European PWO sites. This expansion underscores PWO's dedication to shaping the future of mobility with sustainable practices and advanced engineering.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Progress-Werk Oberkirch AG news