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Lenzing Forms Carbon Fiber JV with SGL and Kelheim

1:43 PM MDT | March 14, 2007 | Alex Scott

Lenzing subsidiary Lenzing Plastics says it has formed a joint venture with carbon fiber producer SGL Carbon (Weisbaden, Germany) and Kelheim Fibres (Kelheim, Germany) to produce primary materials for carbon fibers, including polyacrylonitrile, at Kelheim. The jv, named European Precursor, is expected to start operations this year, pending regulatory approval. The jv partners will invest a combined total of approximately €50 million ($105 million) over the “medium term” into European Precursor’s operations, Lenzing says. The jv is expected...

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