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SGL Group and Benteler to Set Up Joint Venture

15 July 2007

The SGL Group and Benteler Automobiltechnik intend to set up a joint venture for the development, manufacturing, and marketing of carbon fibre reinforced plastic (CFRP) components for the automotive industry.

The two companies want to participate with 50% each and will contribute their specific expertise with regard to the product, its manufacturing, and marketing.

The joint venture, named Benteler-SGL-Automotive Composite GmbH and based in Paderborn, will focus on developing structural components such as B-columns, crash boxes, bumpers, and axles. In a second step, the joint venture medium term wants to start up series production of these products for the automotive industry.

The SGL Group brings its experience in developing and manufacturing carbon fibres and will supply carbon fibre composites exclusively to the joint venture. Benteler Automobiltechnik inserts its product development and process skills in series production as well as its experience on the automotive market. The intent is therefore to provide automobile manufacturers with unique carbon fibre composites and lightweight solutions based on carbon fibres and metal hybrids.






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