IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

SGL’s third-quarter results will include a major write-down

8:23 AM MDT | October 26, 2012 | —Sotirios Frantzanas

SGL Group (Wiesbaden, Germany) says its third-quarter 2012 results will include a noncash write-down of approximately €55 million ($71.5 million) in the company’s aerostructures business unit, Hitco, because of lower-than-expected production levels for Boeing’s 787-8 Dreamliner aircraft. The reduced production has caused SGL’s existing long-term contracts for carbon fibers and composite components for the B787-8 to become obsolete, the company says. SGL’s Ebit remained positive in the third quarter of 2012, however, and is expected to...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa