BMW AG takes a stake in SGL Carbon SE







Published by Gerald Ferreira Date: November 18, 2011
Categories: BMW, BMW Corporate News

Munich.BMW AG has secured a 15.16 percent stake in SGL Carbon SE. The company is thereby strengthening its 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. From today’s perspective, the BMW AG will not seek  a seat on the Supervisory Board of SGL Carbon SE.

The BMW Group and the SGL Group already operate a joint venture. The  SGL Group holds 51% and the BMW Group 49 % of shares in the joint  company, SGL Automotive Carbon Fibers. The two partners have built a  new state-of-the-art carbon fibre manufacturing plant together in  Moses Lake in Washington State in the U.S. The new plant plays an  important part in the two companies’ strategy to automate the  production of ultra-light carbon fibre reinforced plastics (CFRPs) for  use in future vehicle concepts.

The carbon fibres produced in Moses Lake are being processed at  facilities in Wackersdorf and Landshut. Wackersdorf delivers textile  fabrics made from carbon fibres, which are then being processed at the  BMW plant in Landshut to make lightweight CFRP body components for the  BMW i3 and BMW i8. Both vehicles will be assembled at the BMW plant in  Leipzig. The BMW i3, the BMW Group’s first series-produced  electric vehicle, will be released on the market in 2013, followed by  the BMW i8 sports car shortly afterwards.