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Article: BMW Group establishes joint venture with SGL Group.
- Article from:
- Albawaba.com
- Article date:
- November 1, 2009
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Summary: The BMW Group and the SGL Group have agreed on the establishment of a joint venture for
The BMW Group and the SGL Group have agreed on the establishment of a joint venture for the production of carbon fibres and textile semi-finished products (CFRP) for use in vehicle construction. The total investment
volume is e1/4 90 million in the first development phase, the two companies
stated on Thursday.
The joint venture will be operated through two companies, one based in North
America (SGL Automotive Carbon Fibers LLC), and the other in Germany (SGL
Automotive Fibers GmbH & Co KG). The BMW Group holds 49% of the ...