07-11-2012

HITCO Carbon Composites Executes Contract with Boeing Commercial Airplanes for 777 Empennage Rib Chords

Los Angeles, California, July 11, 2012.  HITCO Carbon Composites, a subsidiary of SGL Group – The Carbon Company announced today that it was awarded a contract with Boeing Commercial Airplanes for 777 Empennage Rib Chords. 

“HITCO is privileged to sign this contract with Boeing Commercial Airplanes for the manufacture and supply of the 777 Empennage Rib Chords directly to Boeing,” said Anthony Lawson, HITCO’s President. “We are honored that Boeing has entrusted us to supply high quality, complex parts for the 777 program.”

HITCO will manufacture these composite components at its Gardena, CA facility in accordance with Boeing Process Specification 5317 utilizing a dedicated production cell.  HITCO has completed the part qualification activities for the 777 Empennage Rib Chords and is beginning serial production of the parts. 
 
HITCO Carbon Composites already supplies a number of composite structural components for other Boeing Commercial airplanes, as well as Boeing’s C-17 Military Transport Programs. The company has been a supplier to The Boeing Company for over a half-century. In 2008, HITCO was one of 11 companies Boeing selected as “Supplier of the Year” in the category of Major Structures. 

About HITCO Carbon Composites

HITCO Carbon Composites, a subsidiary of SGL Group – The Carbon Company, is a leading supplier of composite structures and advanced materials primarily for the aerospace / aircraft and defense markets. Founded in 1922 and based in Gardena, California, HITCO was an early specialist in composite structures and materials.  Today HITCO continues to pursue its goal of becoming the premier Tier II Aerostructures supplier for commercial aviation, military and space applications. Additionally, HITCO has a leading global position as a supplier of high temperature materials and carbon-carbon brakes for military & commercial aircraft, high performance race cars and high value industrial applications.

About SGL Group – The Carbon Company

SGL Group is one of the world’s leading manufacturers of carbon-based products and materials. 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 very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group’s high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semi-conductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.

With 46 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2011, the Company’s workforce of around 6,500 employees generated sales of €1,540 million. The Company’s head office is located in Wiesbaden.

Further information about SGL Group can be found online at: www.sglgroup.com.

Important note:

This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.

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