The carbon fiber producer SGL Carbon SE, Wiesbaden/Germany, has sold its 51 % shareholding in the SGL Kümpers GmbH & Co. KG joint venture to technical yarn and fiber producer Kümpers GmbH & Co. KG, Rheine/Germany, and Franz-Jürgen Kümpers.
SGL Group will continue to supply carbon fibers, thereby maintaining its existing business relationship with Kümpers. The joint venture was founded in early 2007 for the production of high-performance materials such as fabrics and braids based on carbon and glass fibers.
With the sale of the shares, SGL Group is optimizing its carbon fiber value chain in Germany and Austria by concentrating its expertise in the processing of carbon and glass fibers for composites and composite components within its Composites – Fibers & Materials (CFM) business unit at 5 sites (Meitingen, Wackersdorf and Willich in Germany, Ried and Ort in Austria).