10-18-2012

SGL Group completes 100% acquisition of Fisipe

• Fisipe’s stock exchange listing in Portugal discontinued
• Conversion of existing facilities for the production of high-quality carbon fiber precursors underway
• Expansion of position as only integrated carbon fiber manufacturer in Europe along the entire value chain

 

Wiesbaden, October 18, 2012. SGL Group – The Carbon Company – has successfully completed the acquisition of the Portuguese company Fisipe – Fibras Sintéticas de Portugal S.A. Following the conclusion of the compulsory offer and squeeze-out, SGL Group now holds 100% of the shares in Fisipe. Fisipe’s listing on the Lisbon Stock Exchange has been discontinued as a result. For organizational purposes, Fisipe’s activities are allocated to the Carbon Fibers & Composite Materials (CF / CM) Business Unit in the Carbon Fibers & Composites Business Area.

As previously announced, with this transaction, SGL Group is expanding its production network for the supply of raw materials for carbon fiber production by including an additional production facility for precursors. For precursor production, the textile fiber production lines already in place are being gradually converted and expanded. The existing production and marketing of acrylic fibers for specific textile and technical applications will be continued. Fisipe has an well-qualified workforce of more than 330, its production capacity has scope for expansion and it offers state-of-the-art R&D facilities and well-developed logistics. Due to the company’s size and own energy supply, Fisipe also stands out for its high cost efficiency.

Covering the entire value chain from raw materials to the finished composite

With this backward integration, SGL Group – the only European integrated manufacturer of carbon fibers – is bolstering its technology base along the entire value chain, from raw materials to carbon fibers through to the finished composite.

Precursor

The quality of the precursor – the carbon fiber raw material based on polyacrylonitrile fibers (PAN) – plays a significant role in both the material properties of the carbon fibers and the cost of their manufacture. Depending on the fiber bundles, a distinction can be made between heavy tow, with 24,000 filaments per fiber bundle or more (24K), and low tow, with up to 12,000 filaments per fiber bundle (12K). Standard carbon fibers for industrial use (industrial grade) are made up of fiber bundles containing 50,000 filaments (50K).

About Fisipe

Fisipe – Fibras Sintéticas de Portugal S.A. (WKN 873959 / ISIN PTFSP0AE0004) is a manufacturer of acrylic fibers with production facilities in Lavradio, Portugal. Formed in 1973, Fisipe has almost 40 years of experience in this area. Since its formation, it has developed from a manufacturer of standard textile fibers into a provider of specialist acrylic fibers. The company also produces pre-colored and functional fibers for technical applications. In 2011, the company generated sales of approximately €130 million and employed around 330 people.

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 strengthcombined 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 semiconductor, 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 47 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 on the 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.

back to overview