New Carbon Fiber Plant on Schedule to Start Producing Materials for the New BMW i3

SGL Automotive Carbon Fibers (SGL ACF) - a joint venture of SGL Group and the BMW Group - met the completion date for the Moses Lake facility on time. SGL ACF has officially taken over occupancy of the facility and is on track to begin testing equipment for the manufacture of carbon fibers that will be used in the new BMW i3.

"The new carbon fiber plant in Moses Lake is a fundamental component of the joint venture's strategy to commercialize the manufacture of lightweight carbon fiber reinforced plastics for use in the automotive industry. Carbon fiber technology is becoming increasingly important in the materials substitution process to lighter materials, which helps to improve fuel consumption and lower CO2 emissions," said Andreas Wuellner, Managing Director SGL Automotive Carbon Fibers.

Dr. Joerg Pohlman, Managing Director SGL Automotive Carbon Fibers: "After a year of design work and breaking ground this past July, it has taken us only nine months to construct the Moses Lake facility. The new carbon fiber plant, a benchmark in the industry, will be the most cost efficient of its kind worldwide. We are closely adhering to our aggressive time plan for plant completion in the 3rd quarter of this year. We worked closely together to achieve this important milestone".

The carbon fibers manufactured in Moses Lake will be used exclusively for BMW Group's demand, the first application being the upcoming BMW i3 that will be launched in 2013. The plant covers 60 acres of land with the option to purchase additional land to cater to future growth. The plant will initially run two carbon fiber lines, each with an annual capacity of 1,500 metric tons. The first carbon fiber line will be commissioned in the third quarter of 2011.

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