NetComposites
Advanced Engineering 2018

Volkswagen Buys Shares in SGL Carbon

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.






Related / You might like...

Composites Europe 2018 Highlights Contributions of Composites to Sport

Applications for composites in the sports and leisure sector will be showcased by various exhibitors at Composites Europe in Stuttgart, Germany, on 6-8 November.

80-Year-Old Massachusetts Bridge Gets FiberSPAN FRP Deck

The Massachusetts Department of Transportation (MassDOT) selected a lightweight FiberSPAN fibre reinforced polymer (FRP) bridge deck, manufactured by Composite Advantage, for the Rugg Bridge on Route 57.

Lightweight Technologies Forum in Parallel with Composites Europe 2018

The Lightweight Technologies Forum will take place in parallel to Composites Europe, on 6-8 November 2018 in Stuttgart, Germany.