SGL Carbon evaluates strategic options for its Carbon Fibers business

SGL Carbon SE is currently reviewing various strategic options for its Carbon Fibers (CF) Business Unit.

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These include a possible partial or complete divestment of the business.

In a first step, potential interested parties will be approached to determine their interest in an acquisition. If there is sufficient interest, a structured transaction process will then be carried out.

"After the restructuring from 2020 to 2022 and the stabilization year 2023, SGL Carbon is preparing for the next step of profitable growth,” said Dr Torsten Derr, CEO of SGL Carbon SE. “In order to best exploit the development potential of our Carbon Fibers, we are currently evaluating all options, including a complete divestment. We are looking for a partner or new owner who can provide the necessary resources to further develop the Carbon Fibers business and position it successfully for the future."

Carbon Fibers manufactures textile, acrylic and carbon fibers as well as composite materials at seven locations in Europe and North America. Following the temporary drop in demand for carbon fibers from the wind industry market, the Business Unit's sales and earnings fell significantly during fiscal 2023.