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SGL and BMW Link in Carbon Fiber JV for Automotive Industry; Plants Planned in North America, Germany

2:01 AM MDT | October 30, 2009 | Natasha Alperowicz

SGL Group (Wiesbaden, Germany) and the BMW Group have announced plans to form a joint venture to manufacture carbon fibers and fabrics for the automotive industry. Separately, SGL and Mitsubishi Rayon will establish a joint venture to produce polyacrylonitrile (PAN), the precursor in carbon fibers manufacture, to supply the automotive carbon fiber production joint venture. SGL will have 51% and BMW 49% stake in the carbon fibers and fabrics jv, which will build two new manufacturing plants, one in North America to produce carbon fibers; the other in...

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