03-28-2013 SGL Group Supports Establishment of Technology Center for Composites in Singapore Wiesbaden/ Singapore, March 28, 2013. The SGL Group The Carbon Company is supporting a joint project by Singapore Polytechnic, the German Institute of Science and Technology - TUM Asia, and the Institute for Carbon Composites (LCC) at the Technical University of Munich (TUM) to establish a Composite Technology Center in Singapore. A memorandum of understanding was signed yesterday by the university partners and ten partners from industry. The guests of honor at the ceremony in Singapore Polytechnic were the German Ambassador to Singapore, Angelika Viets, and the Bavarian State Minister for Science, Research, and the Arts, Dr Wolfgang Heubisch.
The Technology Center aims to improve education in the fiber composites field, promote further development of the technology, and encourage technology companies to set up in the region. As a first step, it is planned to open a Composite Laboratory in April 2013.
In supporting this project, SGL Group, as a specialist in carbon fiber technology, wants to intensify its ongoing cooperation with the Institute for Carbon Composites at the TUM, the German Institute of Science and Technology TUM Asia, and Singapore's leading universities. Singapore is one of Asia's important science metropolises, with high standards of teaching and research. Innovations and new concepts contributing to energy and resource efficiency in a modern megacity are promoted by the Government of this city-state.
One of the most exciting projects is the development of the world's first electric taxi specially designed for tropical megacities at the TUM CREATE Campus for Research Excellence and Technological Enterprise. The scientists at TUM Asia and Nanyang Technological University (NTU) Singapore are focusing not only on cutting-edge battery technologies but also on modern lightweight construction with carbon fiber composites. The material for the light yet strong CRP vehicle bodies comes from SGL Group.
About SGL Group The Carbon Company SGL Group is one of the world's leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group's core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group's carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group's high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.
With 47 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2012, the Company's workforce of around 6,700 employees generated sales of 1,709 million. The Company's head office is located in Wiesbaden.
Further information on the SGL Group can be found online at: www.sglgroup.com
Important note: This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to
technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.
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03-28-2013 SGL Group Supports Establishment of Technology Center for Composites in Singapore Wiesbaden/ Singapore, March 28, 2013. The SGL Group The Carbon Company is supporting a joint project by Singapore Polytechnic, the German Institute of Science and Technology - TUM Asia, and the Institute for Carbon Composites (LCC) at the Technical University of Munich (TUM) to establish a Composite Technology Center in Singapore. A memorandum of understanding was signed yesterday by the university partners and ten partners from industry. The guests of honor at the ceremony in Singapore Polytechnic were the German Ambassador to Singapore, Angelika Viets, and the Bavarian State Minister for Science, Research, and the Arts, Dr Wolfgang Heubisch.
