SGL Group acquires BMW Group’s minority seductiveness in a corner try SGL Automotive Carbon Fibers (SGL ACF)

Posted on 25. Nov, 2017 by in BMW Canada

Wiesbaden/Munich, Nov 24, 2017. SGL Carbon SE is
appropriation BMW Group’s 49% equity investment in a corner ventures SGL
Automotive Carbon Fibers GmbH Co. KG (Germany) and SGL
Automotive Carbon Fibers LLC (US) – together referred to as ‘ SGL
ACF’. An agreement on this matter was sealed by SGL Group and BMW
Group today. Once a understanding has been completed, SGL Group will be the
solitary owners of SGL ACF. As is customary, a transaction is theme to
capitulation from a particular authorities.

 

“We are unapproachable of a pioneering work that we have carried out
with BMW Group on lightweight construction for a automotive sector.
The CO fibers done during a plant in Moses Lake and a fabrics that
are constructed from them during a Wackersdorf site have proven very
successful. It is now time to entirely confederate this imagination into SGL
Group’s value chain,” says Jürgen Köhler, Chief Executive Officer
of SGL Group.

 

Carbon fibers and CO fiber materials are during a core of SGL
Group’s corporate strategy. By appropriation SGL ACF now, SGL Group is
forging forward with a plan to connect all pivotal activities in
a value sequence – from CO fibers and materials to components –
within a SGL Group, giving it altogether responsibility. As announced
dual weeks ago, BENTELER-SGL is being acquired for a same reason.

 

The changes in a shareholder structure of SGL ACF will not have any
approach impact on a workforce, that now totals around 450 employees.

 

“BMW Group will continue to rest on lightweight construction and an
intelligent brew of materials, with CO remaining a significant
component,” explains Markus Duesmann, member of a Board of
Management during BMW AG with shortcoming for purchasing and supplier
network. Carbon will also play an critical purpose in a BMW iNEXT,
that will set a benchmark for electric vehicles, autonomous
driving, connectivity, and lightweight construction from 2021. “SGL
Group is and will sojourn a vital retailer and vital partner in
this regard,” adds Duesmann.

 

BMW Group has entered into an agreement with SGL Group to continue to
work together on destiny projects involving a use of carbon.

 

The existent supply agreements for a continued buying of
CO products from SGL ACF for a BMW i3, a BMW i8 (fuel
expenditure combined: 2.1 l/100 km [134.5 mpg imp]*; CO2 emissions
combined: 49.0 g/km*), and a BMW 7 array into a subsequent decade are
unblushing by a transaction. Likewise, BMW Group’s CFRP-stacks
prolongation section in Wackersdorf will not be affected. Furthermore, the
transaction will not impact BMW AG’s 18.3% shareholding in SGL Carbon
SE. This equity investment is not adult for disposal.

 

The agreement between SGL Group and BMW Group provides for the
merger of a dual SGL ACF companies in stages. In a initial step,
SGL Automotive Carbon Fibers GmbH Co. KG (Germany) will be
eliminated to SGL Group. This transaction will almost be completed
in Jan 2018. The second step will engage SGL Automotive Carbon
Fibers LLC (US) being eliminated to SGL Group, with this transaction
approaching to be finished by a finish of 2020 during a latest.

 

The SGL ACF corner try was founded in 2009 with a aim of
substantiating a use of CO as a lightweight construction material
in a automotive attention and securing a supply of CO fibers
and fabrics for BMW Group. Since then, SGL Group and BMW Group have
combined a heading technological position in a margin of CO fiber
composites with their corner expansion activities and the
construction of dual plants. The probability of SGL Group appropriation BMW
Group’s shares was already concluded as an choice behind when a joint
try was founded. Accordingly, 51% of a shares were allocated to
SGL Group and 49% to BMW Group during that time.

 

SGL ACF’s prolongation activities take place in Moses Lake (Washington,
US) and Wackersdorf (Bavaria, Germany). Moses Lake is a world’s most
complicated and environmentally accessible CO fiber plant and produces
specific CO fibers for sequence prolongation applications. The
merger gives SGL Group a event to enhance a activities
during a site relating to fibers and composites for a North American
market. At a Wackersdorf plant, CO fibers are processed to
emanate fabrics and non-wovens. BMW Group uses these to produce
components, such as for a newcomer dungeon of a i3 and i8, as well
as particular tools for a 7 series. At a site, SGL ACF also
operates apparatus to recycle residual materials ensuing from the
prolongation process, thereby creation a profitable grant to
conserving resources and obscure costs in a CO fiber reinforced
plastics routine chain. In 2016, SGL ACF generated sales income of
around €90 million.

 

In a future, SGL ACF will be entirely reserved to a Composites –
Fibers Materials (CFM) business unit. This section of SGL Group has
clever expansion and prolongation imagination in fibers – especially
acrylic fibers, oxidized fibers, and CO fibers – and fiber
composites. In parallel, SGL Group is substantiating a Lightweight and
Application Center (LAC) in Meitingen (Bavaria, Germany). At a LAC,
products and compared prolongation processes are grown for
lightweight components that are suitable for volume production. In the
future, a former corner try BENTELER-SGL will also go to the
CFM business unit. The association is one of a heading developers and
large-scale producers of lightweight combination components (based on
fiberglass and CO fibers) for a automotive industry. At the
start of November, SGL Group announced that it was appropriation a other
50% of this corner try from Benteler (subject to capitulation from the
applicable authorities).

 

 

* Fuel expenditure and CO2 total were distributed formed on a EU
exam cycle.

Further information on central fuel expenditure figures, specific
CO2 glimmer values and a electric appetite expenditure of new
newcomer cars is enclosed in a following guideline: “Leitfaden über
Kraftstoffverbrauch, die CO2-Emissionen und basement Stromverbrauch neuer
Personenkraftwagen” (Guideline for fuel consumption, CO2 emissions and
electric appetite expenditure of new newcomer cars), that can be
performed from all dealerships, from Deutsche Automobil Treuhand GmbH
(DAT), Hellmuth-Hirth-Str. 1, 73760 Ostfildern-Scharnhausen and during http://www.dat.de/en/offers/publications/guideline-for-fuel-consumption.html.

 

 

 

If we have any queries, greatfully contact:

 

SGL Group Corporate Communications

Andreas Pütz

Tel. +49 611 6029-100

press@sglgroup.com

www.sglgroup.com

 

BMW Group Business and Finance Communications

Max-Morten Borgmann

Tel. +49 89 382 24118

max-morten.borgmann@bmwgroup.com

www.press.bmw.de

 

 

 

About a SGL Group – The Carbon Company

The SGL Group is a heading manufacturer worldwide of products and
materials done from carbon. The endless product portfolio ranges
from CO and graphite products, CO fibers all a approach through
to composites. The SGL Group’s core imagination comprises a control of
high-temperature technologies as good as a deployment of many years’
focus and engineering know-how. This is used to feat the
company’s far-reaching materials base. These carbon-based materials mix a
series of singular element properties such as really good conductivity of
electricity and heat, insurgency to feverishness and gnawing as good as
lightweight construction joined with high firmness. The spin of
direct for a SGL Group’s high-performance materials and products is
augmenting due to a automation of a expansion regions of Asia
and Latin America and a ongoing transformation of traditional
construction materials by new materials. The SGL Group’s products are
deployed in a automotive and chemicals industries as good as in the
semiconductor, solar, LED attention segments and in a margin of
lithium-ion batteries. Carbon-based materials and products are also
used in breeze energy, aviation and space transport as good as in the
invulnerability industry.

 

With 34 prolongation locations in Europe, North America and Asia as
good as a use network in over 100 countries, a SGL Group is an
craving with a tellurian orientation. In a 2016 financial year,
approx. 4,000 employees generated 769.8 million euros in sales
revenue. Its Head Office is formed in Wiesbaden / Germany.

 

 

About a BMW Group

With a 4 brands BMW, MINI, Rolls-Royce and BMW Motorrad, a BMW
Group is a world’s heading reward manufacturer of automobiles and
motorcycles and also provides reward financial and mobility services.
As a tellurian company, a BMW Group operates 31 prolongation and assembly
comforts in 14 countries and has a tellurian sales network in some-more than
140 countries.

 

In 2016, a BMW Group sole approximately 2.367 million cars and
145,000 motorcycles worldwide. The distinction before taxation was approximately
€ 9.67 billion on revenues amounting to € 94.16 billion. As of 31
Dec 2016, a BMW Group had a workforce of 124,729 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 

 

 

Important note:

To a border that a press recover contains forward-looking
statements, a latter are formed on information that is accessible at
benefaction and on a stream forecasts and assumptions. Forward-looking
statements, by their really nature, entail famous as good as unknown
risks and uncertainties that might lead to tangible developments and
events incompatible almost from a forward-looking assessments.
Forward-looking statements contingency not be accepted to be guarantees.
Instead, destiny developments and events count on a vast series of
factors; they contain several risks and imponderables and are based
on assumptions that might presumably spin out not to be appropriate. These
embody unforeseeable changes to elemental political, economic,
authorised and governmental conditions, quite in a context of a main
customers’ industries, such as electric steelmaking, a competitive
situation, seductiveness and sell rate trends, technological
developments as good as other risks and uncertainties. We perceive
additional risks e.g. in pricing developments, unforeseeable events in
a sourroundings of companies acquired and Group member companies as
good as in stream cost assets programs from time to time. The SGL
Group assumes no requirement and does not intend to adjust or otherwise
refurbish these forward-looking statements either.

 

Tags: ,

Comments Closed

Comments are closed.