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We are a global company in the mobility industry, that takes the lead in shaping the environmentally friendly mobility of the future through innovations and is entirely independent of combustion engines. |
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Manufacturer |
 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 company in the mobility industry, that takes the lead in shaping the environmentally friendly mobility of the future through innovations and is entirely independent of combustion engines.
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 frontiers of what is technologically possible.
As a serious employer with informal structures at a global level, we are home to 3,000 employ-ees at 9 locations on 3 continents.
Our actions are driven by inner motivation and conviction, which is why sustainability is one of the core values of our Group.
We meet the challenges of our time with innovative and sustainable concepts. But most of all, we aim to take the related opportunities.
Our corporate strategy is summed up in the framework PEOPLE. PLANET. PROGRESS.
| Mechanical components for electrical and electronical applications We design and manufacture a wide range of high precision circular components. These are among today’s most complex parts produced from sheet steel by deep drawing. We are among one of the world’s leaders in this area in terms of the quantity of electric motor housings and the function and precision of other diverse housings. Our product range also includes components for electric drives, as well as housings for electronic control units. | 
| Safety components for airbag, seats and stearing We have been supplying components for air bags for over 20 years. Over the past 10 years, we have consistently strengthened our position in seat and steering systems. We design and manufacture not only the seat structures but also seat locks and adjusters – all components demanding the highest safety requirements. The same applies to the adjustment mechanisms for steering columns. In all these applications, we focus exclusively on our core expertise in metal forming and joining technologies. | 
| Structural components and subsystems for vehicle bodies - chassis Our third product segment covers a wide range of components. One of our focal points is instrument panel carriers. These are manufactured and assembled at our locations around the world and together with cooperation partners who work for us. Components for air suspension systems are the second focus. These components are now becoming more common for mid-class vehicles. This will open up a new, large-volume market segment for us in the future. | |
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