PSW Schmiedetechnik GmbH

PSW Schmiedetechnik GmbH manufactures and sells non-shaped metal products and reports revenue of EUR 42,951,673.12 for 2007. As a drop-forging (Gesenkschmiede) company it primarily supplies the commercial vehicle industry and the machinery and plant engineering sectors; the management report cites production increases of up to 24% at major commercial vehicle manufacturers in 2007. The balance sheet total is EUR 30,717,857.58, fixed assets amount to EUR 21,466,247.26 and production facilities were utilized at 70% in 2007; the equipment includes a 6,300-ton forging press. During the financial year an average of 272 employees and 19 trainees were employed; the result from ordinary operations amounted to EUR 937,800.51 and the reported net profit was transferred to PSW Group AG under a profit transfer agreement (net profit EUR 0.00).