22 November 2011
22 November 2011
BMW has secured a 15.16% stake in SGL Carbon SE Munich.
BMW say they are strengthening their focus on lightweight construction and the use of carbon fibre reinforced plastics (CFRP) in automobile manufacture. The BMW Group and the SGL Group are already collaborating successfully in the framework of a joint venture.
“Lightweight construction will play an increasingly important role in the automobile industry in the future. Our stake-holding in the SGL Group is a logical step that will further strengthen our successful cooperation,” stated Friedrich Eichiner, member of the Board of Management, responsible for Finance, in Munich on Friday. The company is not disclosing the financial details of the transaction. The BMW AG says they will not seek a seat on the Supervisory Board of SGL Carbon SE.
The BMW Group explain that they operate a joint venture with SGL Group whereby the SGL Group holds 51% and the BMW Group 49 % of shares in the joint company, SGL Automotive Carbon Fibres. The two partners have built a new state-of-the-art carbon fibre manufacturing plant together in Moses Lake in Washington State in the US.
Cobra International is celebrating its 40th year and has commissioned a book that will look at 40 key projects and 40 key people that were integral to the company’s growth. ‘Klaus Simmer and The King Cobra: A breakthrough in surfboard design and production technology’ is an extract article from this book and a breakthrough composites product for Cobra, establishing its presence as a manufacturer of high performance windsurf boards and creating global visibility for the Cobra brand.
Fibrelite reports that since the start of its partnership with Trenwa more than 100 precast trench systems integrating Fibrelite composite covers have been sold for use in electrical substations, wastewater treatment plants, chemical refineries and many other applications across North America.
University of Southern Queensland (USQ)’s composites research and development was on display when the Centre for Future Materials (CFM) held its inaugural Open Day.