11-28-2013 SGL Group and Gruschwitz to Develop Carbon Fiber Yarns in Future Meitingen, November 28, 2013. SGL Group - The Carbon Company and the Gruschwitz Group yesterday signed a cooperation agreement to develop and market high-performance carbon fiber yarns. In this strategic partnership, Gruschwitz will in future market stretch-broken carbon fiber yarns developed by SGL Group and tailor them for specific customer applications.
The two partners will each contribute their own specific know-how. SGL Group, as a materials specialist, has expertise spanning the entire value chain from raw materials to carbon fibers and carbon fiber composites. Gruschwitz, a leading supplier of high-performance yarns, concentrates on marketing specialty yarns, twisted industrial yarns and sewing threads in the automotive, healthcare, and other industries.
Christian Koppenberg, Global Sales Director SGL Group: We chose Gruschwitz as a partner because the company has comprehensive expertise in the development and production of industrial twisted yarns and other types of yarn and for many years has been an established specialist in high-performance yarns for the industrial textiles market. We want to build on this and expand beyond existing applications into new markets, utilizing the special properties of carbon fibers such as high strength, heat resistance, and very good electrical conductivity. We want to translate these into new solutions for customers.
Ditmar Schultschik, Chairman of Gruschwitz Textilwerke AG: This cooperation with SGL Group continues our successful strategy of working together with leading manufacturers of specialty fibers on best solutions that no-one else can provide. We expect this cooperation to spur on mutual growth based on know-how and innovation.
SGL Group launched production of its newly developed SIGRAFIL C SBY stretch-broken yarns in November 2013. In addition to the typical properties of carbon fibers, this exceptionally fine yarn has very good knot and loop strength. These optimized yarn properties open up new textile processing possibilities such as sewing or knitting. The yarn is suitable for use as a heat conductor, because of its electrical resistance, or as a sewing or knitting yarn for highly stressed fiber composites, for example in the automotive industry.
About the Gruschwitz Group: Gruschwitz Textilwerke AG, with its fully owned subsidiary Gruschwitz GmbH Tech-Twists, is a medium-sized supplier to the processing industry, specializing in the development, production, and marketing of industrial twisted yarns and other types of yarn. The group's 150 or so employees find solutions to complex, high-tech tasks in collaboration with leading suppliers to the automotive, healthcare, industrial, and specialty textile sectors.
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 45 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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11-28-2013 SGL Group and Gruschwitz to Develop Carbon Fiber Yarns in Future Meitingen, November 28, 2013. SGL Group - The Carbon Company and the Gruschwitz Group yesterday signed a cooperation agreement to develop and market high-performance carbon fiber yarns. In this strategic partnership, Gruschwitz will in future market stretch-broken carbon fiber yarns developed by SGL Group and tailor them for specific customer applications.
