Volkswagen Buys Shares in SGL Carbon
08 March 2011
08 March 2011
Volkswagen has purchased an 8.18% stake in SGL Carbon SE, BMW's partner for carbon fibre.
Robert Koehler, CEO of SGL Group comments: ""SGL Group perceives the financial participation of Volkswagen as an appreciation of our long term start-up and development activities in new materials and technologies particularly in automotive lightweight construction. These include, among others, carbon fibre based structural parts, the well known carbon ceramic brake discs as well as components for lithium ion batteries, which will play an important role in electric mobility.""
""This participation supports SGL Group's long term intention to strengthen our in-dependence by establishing a small group of anchor investors. These encompass the already reported shareholdings of SKion and Voith. The acquisition of the shares previously owned by LBBW represents a further building block of this intention. Against this background, we welcome the new anchor investor"", says Koehler.
Cobra International will showcase a range of composite products at CAMX 2018, including carbon fibre components for the automotive, transportation, marine, water sports and luxury sectors.
The American Composites Manufacturers Association participated in a roundtable discussion about the IMAGINE Act. Known as the Innovative Materials in American Growth and Infrastructure, Newly Expanded (IMAGINE) Act, the new bill is designed to promote the increased use of innovative materials like fibre reinforced polymer (FRP) composites, as well as new manufacturing methods to accelerate the deployment and extend the life of infrastructure projects.
After the collapse of a drinking water pipeline in downtown Amsterdam, the Netherlands, Insituform was contracted to reline a close to 100 year old pipe underneath one of the canals. Water was restored successfully within five days, with minimal impact on traffic and the environment.