Conversion in European Company (Societas Europaea/SE) completed

- Milestone in Company’s development

Wiesbaden, January 27, 2009.  The conversion of SGL CARBON Aktiengesellschaft into a European Company (Societas Europaea/SE) has been completed with the registration into the Commercial Register of the Wiesbaden District Court. As of today, the Company’s name is SGL CARBON SE.

Robert Koehler, CEO of the SGL Group, states: "The conversion into the European legal structure of an SE is a further milestone for us and our shareholders. It brings the legal structure of our Group into a form, which matches the reality of our internal processes and daily business. The legal form of a European Company reflects our international corporate culture and is a sign of commitment to our European home market."

The conversion process was completed within 9 months. The Annual General Meeting passed the resolution to convert into an SE on April 25, 2008. The Agreement on the Participation of the Employees with SGL CARBON SE was concluded end of November, and the new Supervisory Board of SGL CARBON SE appointed the members of the board of management on December 9, 2008. The seat of the Company is Wiesbaden. The two-tier-system of supervisory and management board remains unchanged. The Supervisory Board consists of 12 members: 6 shareholders’ representatives and 6 employees’ representatives – of which one representative comes from Poland and one representative from the United Kingdom. At the same time, a new employees’ representative body has been established: the SE-Works Council which comprises 13 members from 7 EU countries. The SE-Works Council replaces the European Committee which had been established on a volunteer basis.

With completion of the conversion, the shareholders of SGL CARBON AG automatically have become shareholders of SGL CARBON SE.

About SGL Group – The Carbon Company

The SGL Group is one of the world’s leading manufacturers of carbon-based products. 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 electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials as a result of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group’s high-performance materials and products from an increasing number of industries. Carbon and graphite products are  used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from the SGL Group are used predominantly in the steel, aluminum, automotive, chemical and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace and defense industries as well as in the nuclear energy industry also figure among the Company’s customers.

With 38 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, the SGL Group is a company with a global presence. In 2007, the Company’s workforce of around 5,900 generated sales of € 1.4 billion. The Company’s head office is located in Wiesbaden/Germany.

Important note:

This press release contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. The statements on future developments are not to be understood as guarantees. The future developments and events are dependent on a number of factors, they include various risks and unanticipated circumstances and are based on assumptions that may not be correct. These risks and uncertainties include, for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electrosteel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies and in the ongoing cost optimization programs. SGL Group does not intend to update these forward-looking statements.


  • Conversion in European Company (Societas Europaea/SE) completed