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Thomas Dippold (c) Schaltbau Holding
Thomas Dippold
15.10.2020

SGL Carbon SE: Thomas Dippold ist Mitglied des Vorstands

Wie am 17. August 2020 berichtet, hatte der Aufsichtsrat der SGL Carbon SE Thomas Dippold mit Wirkung zum 1. Dezember 2020 zum CFO und Mitglied des Vorstands der SGL Carbon SE bestellt. Erfreulicherweise kann Herr Dippold kurzfristig sein Amt als Vorstandsmitglied der SGL Carbon SE früher antreten, so dass der Aufsichtsrat der Gesellschaft seine Bestellung nun auf den 15. Oktober 2020 vorgezogen hat, auch um die geplante Übernahme der CFO-Position vorzubereiten.

Herr Dippold tritt wie berichtet zum 1. Dezember 2020 die Nachfolge des langjährigen Finanzvorstands Dr. Michael Majerus an, der zum 30. November 2020 in gutem gegenseitigen Einvernehmen aus seinem Amt ausscheidet.

Dr. Stephan Bühler legt plangemäß sein Amt als Vorstandsmitglied zum 15. Oktober 2020 nieder.

Wie am 17. August 2020 berichtet, hatte der Aufsichtsrat der SGL Carbon SE Thomas Dippold mit Wirkung zum 1. Dezember 2020 zum CFO und Mitglied des Vorstands der SGL Carbon SE bestellt. Erfreulicherweise kann Herr Dippold kurzfristig sein Amt als Vorstandsmitglied der SGL Carbon SE früher antreten, so dass der Aufsichtsrat der Gesellschaft seine Bestellung nun auf den 15. Oktober 2020 vorgezogen hat, auch um die geplante Übernahme der CFO-Position vorzubereiten.

Herr Dippold tritt wie berichtet zum 1. Dezember 2020 die Nachfolge des langjährigen Finanzvorstands Dr. Michael Majerus an, der zum 30. November 2020 in gutem gegenseitigen Einvernehmen aus seinem Amt ausscheidet.

Dr. Stephan Bühler legt plangemäß sein Amt als Vorstandsmitglied zum 15. Oktober 2020 nieder.

Source:

SGL Carbon SE

Thomas Dippold (c) Schaltbau Holding
Thomas Dippold
15.10.2020

SGL Carbon SE: Thomas Dippold becomes member of the Board of Management

As reported on August 17, 2020, the Supervisory Board of SGL Carbon SE had appointed Thomas Dippold to CFO and member of the Board of Management of SGL Carbon SE effective December 1, 2020. Fortunately, Mr. Dippold is able to assume office of his mandate as member of the Board of Management of SGL Carbon SE earlier, so that the Supervisory Board of the company has brought forward the appointment to October 15, 2020, also to prepare for the planned assumption of the CFO position.

As previously reported, and effective December 1, 2020, Mr. Dippold is succeeding the long-standing CFO Dr. Michael Majerus, who is resigning from his office effective November 30, 2020 by mutual amicable consent.

As planned, Dr. Stephan Bühler resigned from his office as member of the Board of Management effective October 15, 2020.

As reported on August 17, 2020, the Supervisory Board of SGL Carbon SE had appointed Thomas Dippold to CFO and member of the Board of Management of SGL Carbon SE effective December 1, 2020. Fortunately, Mr. Dippold is able to assume office of his mandate as member of the Board of Management of SGL Carbon SE earlier, so that the Supervisory Board of the company has brought forward the appointment to October 15, 2020, also to prepare for the planned assumption of the CFO position.

As previously reported, and effective December 1, 2020, Mr. Dippold is succeeding the long-standing CFO Dr. Michael Majerus, who is resigning from his office effective November 30, 2020 by mutual amicable consent.

As planned, Dr. Stephan Bühler resigned from his office as member of the Board of Management effective October 15, 2020.

Source:

SGL Carbon SE

Thomas Dippold appointed as new member of the Board of Management of SGL Carbon SE (c) Schaltbau Holding
Thomas Dippold
17.08.2020

Thomas Dippold appointed as new member of the Board of Management of SGL Carbon SE

  • Thomas Dippold succeeding Dr. Michael Majerus as CFO

During its meeting on August 17, 2020, the Supervisory Board of SGL Carbon SE decided to appoint Thomas Dippold (48) as CFO and member of the Board of Management of SGL Carbon SE effective December 1, 2020 with a tenure of five years. Thomas Dippold will succeed the long-standing CFO Dr. Michael Majerus, who will resign from his office as of November 30, 2020 by mutual amicable consent.

Thomas Dippold (German Diploma in Business Administration, MBA in USA) began his career at HSBC Bank in London and Düsseldorf. Further appointments led him to Schott AG amongst others in Singapore, followed by commercial management jobs and CFO positions in internationally active industrial companies headquartered in Germany. Mr. Dippold is currently CFO of the stock listed transportation technology company Schaltbau Holding AG.

  • Thomas Dippold succeeding Dr. Michael Majerus as CFO

During its meeting on August 17, 2020, the Supervisory Board of SGL Carbon SE decided to appoint Thomas Dippold (48) as CFO and member of the Board of Management of SGL Carbon SE effective December 1, 2020 with a tenure of five years. Thomas Dippold will succeed the long-standing CFO Dr. Michael Majerus, who will resign from his office as of November 30, 2020 by mutual amicable consent.

Thomas Dippold (German Diploma in Business Administration, MBA in USA) began his career at HSBC Bank in London and Düsseldorf. Further appointments led him to Schott AG amongst others in Singapore, followed by commercial management jobs and CFO positions in internationally active industrial companies headquartered in Germany. Mr. Dippold is currently CFO of the stock listed transportation technology company Schaltbau Holding AG.

The Chairwoman of the Supervisory Board of SGL Carbon SE, Mrs. Susanne Klatten, welcomes Mr. Dippold: “With the appointment of Mr. Dippold, we are pleased to have gained a convincing and highly respected personality in his field. We are convinced that Mr. Dippold possesses key qualifications to sustainably support SGL Carbon SE in its upcoming tasks given his comprehensive and long-standing experience as CFO.“

The Supervisory Board thanks Dr. Majerus very much for his great achievements in the interest of SGL Carbon. In the past six years, Dr. Majerus has stabilized the Company even in difficult times with several major capital market transactions and has meaningfully contributed to the strategic realignment of the Company with the successful divestment of the graphite electrode and cathode businesses. For nine months up to and including May 2020, Dr. Majerus additionally assumed nearly all responsibilities from the recently departed CEO and provided leadership to the Company as the Speaker of the Board of Management. In this position, he safely steered the Company through the immediate impacts of the Corona pandemic. In addition, he developed substantial future growth perspectives with, amongst others, the conclusion of a large supply agreement for fuel cell components. The Supervisory Board wishes him all the best and further success in his future endeavors.

Source:

SGL Carbon SE

13.08.2020

As expected, SGL Carbon’s second quarter impacted by Corona pandemic

  • Sales and recurring EBIT significantly decreased in first half of 2020

As expected, the second quarter of SGL Carbon was impacted by the Corona pandemic, but not to the extent predicted in May when the quarterly statement for the period ended March 31, 2020 was published. Sales in the three months as per end of June decreased approximately 23 percent year-on-year, whereas Group recurring EBIT was at around 2 million euros and thus higher than anticipated. In total, SGL Carbon reached Group sales of 457 million euros in the first half year. This corresponds to a decrease of around 19 percent year-on-year. The decline is due to a pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM) due to capacity adjustments. Group recurring EBIT was down approximately 71 percent to 11 million euros.

At a glance*:

  • Sales and recurring EBIT significantly decreased in first half of 2020

As expected, the second quarter of SGL Carbon was impacted by the Corona pandemic, but not to the extent predicted in May when the quarterly statement for the period ended March 31, 2020 was published. Sales in the three months as per end of June decreased approximately 23 percent year-on-year, whereas Group recurring EBIT was at around 2 million euros and thus higher than anticipated. In total, SGL Carbon reached Group sales of 457 million euros in the first half year. This corresponds to a decrease of around 19 percent year-on-year. The decline is due to a pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM) due to capacity adjustments. Group recurring EBIT was down approximately 71 percent to 11 million euros.

At a glance*:

  • Sales in the second quarter approximately 23 percent below prior-year period; Group recurring EBIT of around 2 million euros was slightly better than anticipated at the presentation of the results of the first quarter 2020
  • Group sales in the first half year 2020 at almost 457 million euros and thus around 19 percent below the prior-year period; decrease in sales due to pandemic-related overall weaker business development as well as expected declining developments in the market segments Battery & other Energy (GMS) and Textile Fibers (CFM)
  • Group recurring EBIT down approximately 71 percent to 11 million euros
  • As a result of measures taken at an early stage and contrary to the normal seasonal trend, cash and cash equivalents at nearly 154 million euros as of June 30, 2020 developed very positively compared to the end of 2019
  • According to the full year forecast published on July 28, 2020, SGL Carbon expects Group sales to decline by 15 to 20 percent and a slightly positive operating recurring EBIT
  • Dr. Torsten Derr, CEO of SGL Carbon: "My ambition is to achieve lasting success with SGL Carbon. Over the past two months, we have been conducting a comprehensive analysis of our processes, structures and markets. Based on this, we will identify the options that will enable us to sustainably increase our profitability. The Corona pandemic is forcing us to act even faster."

*Please read the attached document for more information

More information:
SGL Carbon Coronakrise Umsatz
Source:

SGL CARBON SE Corporate Communications

Sample from the development of the nano porous high-temperature thermal insulation material Sample from the development of the nano porous high-temperature thermal insulation material (© ZAE Bayern).
12.08.2020

Consortium develops new generation of thermal insulation for high-temperature furnaces

In the joint project "AeroFurnace" funded by the German Federal Ministry of Economic Affairs and Energy (BMWi), the consortium, consisting of the Bavarian Center for Applied Energy Research e.V. (ZAE Bayern) as joint coordinator, the furnace manufacturer FCT Systeme, and SGL Carbon has succeeded in improving the thermal insulation properties of a new composite material by up to 120 percent compared to commercially available felt-based carbon materials. This enabled the project partners to move into a new quality level of thermal insulation in high-temperature industrial applications and pave the way for more energy efficient thermal insulation.

Dr. Gudrun Reichenauer, coordinator of the joint project and head of the work group Nanomaterials at ZAE Bayern: "In this project, we have been able to make the latest findings from the world of nanomaterials accessible to the market through intensive cooperation and thus set new standards in the field of thermal insulation materials."

In the joint project "AeroFurnace" funded by the German Federal Ministry of Economic Affairs and Energy (BMWi), the consortium, consisting of the Bavarian Center for Applied Energy Research e.V. (ZAE Bayern) as joint coordinator, the furnace manufacturer FCT Systeme, and SGL Carbon has succeeded in improving the thermal insulation properties of a new composite material by up to 120 percent compared to commercially available felt-based carbon materials. This enabled the project partners to move into a new quality level of thermal insulation in high-temperature industrial applications and pave the way for more energy efficient thermal insulation.

Dr. Gudrun Reichenauer, coordinator of the joint project and head of the work group Nanomaterials at ZAE Bayern: "In this project, we have been able to make the latest findings from the world of nanomaterials accessible to the market through intensive cooperation and thus set new standards in the field of thermal insulation materials."

Dr. Thomas Kirschbaum, project manager at SGL Carbon: "In furnace simulations at the partner FCT, we have already been able to demonstrate what the new material can do: Depending on the temperature program, up to 40 percent of the required process energy can be saved with the new thermal insulation material. The potential of the new material is great." This prediction will be reviewed under real conditions in a demonstrator component in the second half of 2020 as part of the still ongoing BMWi project.

Dr. Jürgen Hennicke, project lead and head of R&D at FCT Systeme: "As a leading manufacturer of industrial vacuum or inert gas high temperature furnaces, the new generation of insulating materials enables us to create furnaces with a more favorable ratio of usable space to external dimensions, thus offering customers improved cost efficiency and productivity".

Based on laboratory samples in plate form it has already been demonstrated that the production of the new material can be represented by technically simple processes and is in principle well scalable. However, there is still a long way to go before the product is ready for serial production.

The third largest share of final energy in Germany is used for the generation of heat in industrial processes (22.6 percent). In many industries, e.g. in the steel and ceramics industry, energy-intensive high-temperature processes run above 1000°C – these alone require almost 50 percent of the industrial process heat. Suitable thermal insulation materials can significantly reduce energy demand while maintaining the same usable volume.

Source:

SGL CARBON SE

14.05.2020

SGL Carbon achieves results in line with initial expectations

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

No significant impact yet from Covid-19 pandemic in the first quarter 2020:

  • Group sales revenues at 247 million euros approximately 15 percent below prior year’s level, but slightly above the guidance corridor (220 to 240 million euros) as published in March 2020
  • Decline in Group sales due to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM)
  • Group recurring EBIT approximately 50 percent below prior year level at 9 million euros and at the upper end of the guidance corridor (mid to high single-digit million euros amount)
  • Due to timely implemented measures and in contrast to the usual seasonal pattern, liquidity of approximately 150 million euros as of March 31, 2020 developed very favorably compared to year-end 2019 (137 million euros)
  • Dr. Michael Majerus, Spokesman of the Board of Management of SGL Carbon: “We acted decisively and took various measures at an early stage, both to ensure the safety of our employees and to mitigate the economic impact of the pandemic.”
  • Guidance for the full year 2020 remains suspended due to the impacts of the Covid-19 pandemic; decline in Group sales revenue and negative Group recurring EBIT expected for the second quarter 2020

In the first quarter 2020, SGL Carbon has not yet been significantly impacted by the Covid-19 pandemic and reached sales revenues slightly above the guidance corridor of 220 to 240 million euros published on March 12, 2020. In total, Group sales at 247 million euros was approximately 15 percent below the prior year level. The development is primarily attributable to changes in the lithium-ion battery supply chain in the business unit Graphite Materials & Systems (GMS) as well as to restructuring-driven lower sales in Textile Fibers in the business unit Composites – Fibers & Materials (CFM). As planned, Group recurring EBIT decreased by approximately 50 percent to 9 million euros and thus reached the upper end of the guidance corridor of a mid to high single-digit million euros amount.

As the global measures taken to contain the pandemic led to disruptions in production and supply chains in April and early May 2020, a significant double-digit percentage decrease in Group sales revenue and a negative Group recurring EBIT are expected for the second quarter 2020.  

SGL Carbon implemented various measures to counter the economic impact of the pandemic at an early stage. For this reason, liquidity developed very favorably compared to year-end 2019 and in contrast to the usual seasonal pattern and improved from 137 million to approximately 150 million euros.

More information:
SGL Carbon
Source:

SGL Carbon SE

Dr. Torsten Derr (c) SGL Carbon SE
28.04.2020

Designated CEO of SGL Carbon SE assumes position earlier

On February 10, 2020, the Supervisory Board of SGL Carbon SE appointed Dr. Torsten Derr as Chief Executive Officer of SGL Carbon SE for the duration of five years effective July 1, 2020. In agreement with his current employer, Dr. Derr will now take up his position as CEO of SGL Carbon one month earlier on June 1, 2020. The Supervisory Board very much welcomes this development in view of the challenges that these extraordinary times pose.  

Since 2016, Dr. Torsten Derr is holding the position of Managing Director of SALTIGO GmbH, a subsidiary of LANXESS AG. Following his master degree and attainment of his PhD in chemistry at the University of Bremen, Dr. Derr began his professional career 1997 at Bayer AG, and since 2003 at LANXESS AG, where he was Vice President for Plastic Intermediates, Head of the Business Units Material Protection Products and EPDM-Elastomers, as well as holding various other management functions, amongst others as Head of Commercial & Supply Chain Excellence & Chief Commercial Officer of LANXESS AG.

On February 10, 2020, the Supervisory Board of SGL Carbon SE appointed Dr. Torsten Derr as Chief Executive Officer of SGL Carbon SE for the duration of five years effective July 1, 2020. In agreement with his current employer, Dr. Derr will now take up his position as CEO of SGL Carbon one month earlier on June 1, 2020. The Supervisory Board very much welcomes this development in view of the challenges that these extraordinary times pose.  

Since 2016, Dr. Torsten Derr is holding the position of Managing Director of SALTIGO GmbH, a subsidiary of LANXESS AG. Following his master degree and attainment of his PhD in chemistry at the University of Bremen, Dr. Derr began his professional career 1997 at Bayer AG, and since 2003 at LANXESS AG, where he was Vice President for Plastic Intermediates, Head of the Business Units Material Protection Products and EPDM-Elastomers, as well as holding various other management functions, amongst others as Head of Commercial & Supply Chain Excellence & Chief Commercial Officer of LANXESS AG.

More information:
SGL Carbon SE Dr. Torsten Derr
Source:

SGL Carbon SE

(c) BMW Group
21.04.2020

SGL Carbon receives contract for battery enclosure from BMW Group

  • New composite e-Mobility application
  • Multi-year substantial contract

After prototypes for a Chinese automotive manufacturer, a major order from a North American automaker, and yet another order for a European sports car manufacturer, SGL Carbon has now been nominated by BMW Group to produce a cover component for battery enclosures in series. This substantial multi-year order will include the production of an innovative glass-fiber-based cover plate for the battery housing for usage in a future plug-in hybrid model of BMW Group.

  • New composite e-Mobility application
  • Multi-year substantial contract

After prototypes for a Chinese automotive manufacturer, a major order from a North American automaker, and yet another order for a European sports car manufacturer, SGL Carbon has now been nominated by BMW Group to produce a cover component for battery enclosures in series. This substantial multi-year order will include the production of an innovative glass-fiber-based cover plate for the battery housing for usage in a future plug-in hybrid model of BMW Group.

Materials made of composites are suited for battery enclosures for different reasons: Besides their light weight, which enhances the electric vehicle’s range, fiber-reinforced plastics offer high stiffness. In addition, they meet high requirements for water and gas tightness and feature excellent fire protection properties. Composite materials can also help to achieve improved structural stiffness of the underbody, e.g. to protect against penetration, as well as an optimized thermal management. Carbon fibers are ideal for especially stressed structures or load-bearing elements, such as the underbody panels and side frames. For components subjected to less stress, such as battery box covers, glass fibers or a fiber mix may suffice.

In addition to the new application for the hybrid model battery enclosure, SGL Carbon will continue producing the usual components made of carbon-fiber-reinforced plastic for the BMW i3 and delivering materials for the Carbon Core body of the BMW 7 series, and has been nominated as the supplier for all carbon materials - fibers, textiles, stacks - for the BMW iNEXT, set to be launched in 2021.

Source:

SGL CARBON SE

02.04.2020

SGL Carbon SE suspends guidance for the current fiscal year

The previously communicated targets for 2020 are unlikely to be achieved due to the COVID-19 pandemic

The Board of Management of SGL Carbon SE determined today, that the forecasted results for the fiscal year 2020 are unlikely to be achieved due to the global COVID-19 pandemic. In light of the substantial uncertainty regarding the duration and the consequences of the COVID-19 pandemic, the Board of Management is currently unable to provide a reliable sales revenue and earnings forecast for the current year. Consequently, the guidance for 2020 is suspended. 

The previously communicated targets for 2020 are unlikely to be achieved due to the COVID-19 pandemic

The Board of Management of SGL Carbon SE determined today, that the forecasted results for the fiscal year 2020 are unlikely to be achieved due to the global COVID-19 pandemic. In light of the substantial uncertainty regarding the duration and the consequences of the COVID-19 pandemic, the Board of Management is currently unable to provide a reliable sales revenue and earnings forecast for the current year. Consequently, the guidance for 2020 is suspended. 

The previous expectation, which guided for a slightly lower sales revenue und a recurring EBIT1 approximately 10-15% below the prior year (sales revenue 2019: €1,087m; recurring EBIT 2019: €48m), was already made conditional by the Board of Management in the management report published on March 12, 2020, that negative effects from the coronavirus were not included, as the outbreak at that time was mainly restricted to China and Italy. In the meantime, numerous other governments have introduced far-reaching measures with substantial limitations on the public and economic sectors and leading economists now forecast significant reductions in economic output in key economies. 

The Board of Management of SGL Carbon has introduced and partially already implemented comprehensive measures to reduce the cost base and to secure liquidity. These measures include the introduction of short-time work, reduction of material and indirect spend, as well as further reduction resp. postponement of capital expenditures. In addition, we are exploring further financing options independent of the capital markets, some of which are already in preparation. The Company is intensively working on identifying and mitigating potential risks. 

More information:
SGL Carbon Coronavirus
Source:

SGL Carbon

17.03.2020

SGL Carbon SE postpones Annual General Meeting

The Board of Management of SGL Carbon SE (ISIN: DE0007235301) has decided not to hold the Annual General Meeting on April 22, 2020, as planned, but to postpone it to a later date.

The cancellation of the Annual General Meeting convened for April 22, 2020, is due to the latest measures taken by the federal government, the federal states and municipalities in connection with the spread of the coronavirus (SARS-CoV-2) as well as the assessment of the Robert Koch Institute and the relevant authorities that in the following weeks infections in Germany will likely increase further. In this situation, the Board of Management decided not to hold the event on April 22, 2020, in the interest of protecting the health of our shareholders, our employees, and our service providers involved in the Annual General Meeting.

The Company will reschedule the Annual General Meeting to a later date in 2020. SGL Carbon SE will monitor the situation closely in the coming weeks and, depending on the further development of the infections, will invite its shareholders to a new date for the Annual General Meeting.

The Board of Management of SGL Carbon SE (ISIN: DE0007235301) has decided not to hold the Annual General Meeting on April 22, 2020, as planned, but to postpone it to a later date.

The cancellation of the Annual General Meeting convened for April 22, 2020, is due to the latest measures taken by the federal government, the federal states and municipalities in connection with the spread of the coronavirus (SARS-CoV-2) as well as the assessment of the Robert Koch Institute and the relevant authorities that in the following weeks infections in Germany will likely increase further. In this situation, the Board of Management decided not to hold the event on April 22, 2020, in the interest of protecting the health of our shareholders, our employees, and our service providers involved in the Annual General Meeting.

The Company will reschedule the Annual General Meeting to a later date in 2020. SGL Carbon SE will monitor the situation closely in the coming weeks and, depending on the further development of the infections, will invite its shareholders to a new date for the Annual General Meeting.

More information:
SGL Carbon
Source:

SGL Carbon

Dr. Torsten Derr (c) SGL Carbon SE
Dr. Torsten Derr
10.02.2020

Dr. Torsten Derr wird neuer Vorstandsvorsitzender der SGL Carbon SE

Der Aufsichtsrat der SGL Carbon SE hat heute Herrn Dr. Torsten Derr mit Wirkung zum 1. Juli 2020 für die Dauer von fünf Jahren zum Vorsitzenden des Vorstands der SGL Carbon SE bestellt. Damit tritt Herr Dr. Derr die Nachfolge von Herrn Dr. Jürgen Köhler an, der zum 31. August 2019 von seinem Amt als Vorstandsvorsitzender des Unternehmens zurückgetreten war. 

Herr Dr. Derr ist seit 2016 Geschäftsführer der SALTIGO GmbH, Leverkusen, einem Tochterunternehmen der LANXESS AG. Nach seinem Studium der Chemie und seiner Promotion an der Universität Bremen begann er seine berufliche Laufbahn 1997 bei der Bayer AG, ab 2003 bei der LANXESS AG. Hier war er als Vizepräsident für Kunststoffzwischenprodukte, Leiter der Geschäftsbereiche Materialschutz und EPDM-Elastomere und in verschiedenen anderen leitenden Funktionen tätig, unter anderem als Leiter Commercial & Supply Chain Excellence & Chief Commercial Officer der LANXESS AG.

Der Aufsichtsrat der SGL Carbon SE hat heute Herrn Dr. Torsten Derr mit Wirkung zum 1. Juli 2020 für die Dauer von fünf Jahren zum Vorsitzenden des Vorstands der SGL Carbon SE bestellt. Damit tritt Herr Dr. Derr die Nachfolge von Herrn Dr. Jürgen Köhler an, der zum 31. August 2019 von seinem Amt als Vorstandsvorsitzender des Unternehmens zurückgetreten war. 

Herr Dr. Derr ist seit 2016 Geschäftsführer der SALTIGO GmbH, Leverkusen, einem Tochterunternehmen der LANXESS AG. Nach seinem Studium der Chemie und seiner Promotion an der Universität Bremen begann er seine berufliche Laufbahn 1997 bei der Bayer AG, ab 2003 bei der LANXESS AG. Hier war er als Vizepräsident für Kunststoffzwischenprodukte, Leiter der Geschäftsbereiche Materialschutz und EPDM-Elastomere und in verschiedenen anderen leitenden Funktionen tätig, unter anderem als Leiter Commercial & Supply Chain Excellence & Chief Commercial Officer der LANXESS AG.

More information:
SGL Carbon
Source:

SGL Carbon SE

Dr. Torsten Derr (c) SGL CARBON SE
Dr. Torsten Derr
10.02.2020

Dr. Torsten Derr to become new Chief Executive Officer of SGL Carbon SE

The Supervisory Board of SGL Carbon SE today appointed Dr. Torsten Derr as Chief Executive Officer of SGL Carbon SE for the duration of five years effective July 1, 2020. With this appointment, Dr. Derr is succeeding Dr. Jürgen Köhler, who resigned from his mandate as Chief Executive Officer of SGL Carbon SE effective August 31, 2019.  

Since 2016, Dr. Torsten Derr is holding the position of Managing Director of SALTIGO GmbH, a subsidiary of LANXESS AG. Following his master degree and attainment of his PhD in chemistry at the University of Bremen, Dr. Derr began his professional career 1997 at Bayer AG, and since 2003 at LANXESS AG, where he was Vice President for Plastic Intermediates, Head of the Business Units Material Protection Products and EDPM-Elastomers, as well as holding various other management functions, amongst others as Head of Commercial & Supply Chain Excellence & Chief Commercial Officer of LANXESS AG.

The Supervisory Board of SGL Carbon SE today appointed Dr. Torsten Derr as Chief Executive Officer of SGL Carbon SE for the duration of five years effective July 1, 2020. With this appointment, Dr. Derr is succeeding Dr. Jürgen Köhler, who resigned from his mandate as Chief Executive Officer of SGL Carbon SE effective August 31, 2019.  

Since 2016, Dr. Torsten Derr is holding the position of Managing Director of SALTIGO GmbH, a subsidiary of LANXESS AG. Following his master degree and attainment of his PhD in chemistry at the University of Bremen, Dr. Derr began his professional career 1997 at Bayer AG, and since 2003 at LANXESS AG, where he was Vice President for Plastic Intermediates, Head of the Business Units Material Protection Products and EDPM-Elastomers, as well as holding various other management functions, amongst others as Head of Commercial & Supply Chain Excellence & Chief Commercial Officer of LANXESS AG.

More information:
SGL Carbon
Source:

SGL CARBON SE

SGL Carbon und Solvay schließen Kooperation zur Entwicklung von im hohen Maße konkurrenzfähigen und fortschrittlichen Carbonfaser-Verbundwerkstoffen für Primärstrukturen in der Luftfahrt (c) SGL CARBON SE
SGL Carbon Large-Tow-IM-Carbonfaser Produktion am US-Standort Moses Lake
03.12.2019

Collaboration between SGL Carbon and Solvay

SGL Carbon and Solvay collaborate to develop highly-competitive advanced carbon fiber composites for aerospace primary structures

SGL Carbon and Solvay have entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbon’s large-tow IM carbon fiber and Solvay’s primary structure resin systems.

The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvay’s leadership in supplying advanced materials to the aerospace industry and SGL Carbon’s expertise in high-volume carbon fiber manufacturing.

SGL Carbon and Solvay collaborate to develop highly-competitive advanced carbon fiber composites for aerospace primary structures

SGL Carbon and Solvay have entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials, which address the need to reduce costs and CO2 emissions, and improve the production process and fuel efficiency of next-generation commercial aircraft, will be based on SGL Carbon’s large-tow IM carbon fiber and Solvay’s primary structure resin systems.

The agreement encompasses both thermoset and thermoplastic composite technologies. It builds on Solvay’s leadership in supplying advanced materials to the aerospace industry and SGL Carbon’s expertise in high-volume carbon fiber manufacturing.

“For Solvay, this is an opportunity to lead the aerospace adoption of a composite material based on 50K IM carbon fiber. This is a highly competitive value proposition that brings more affordable high-performance solutions to our customers. We see this as the first step in a long-term partnership,” said Augusto Di Donfrancesco, member of Solvay’s executive committee.

“By combining SGL’s carbon fiber expertise in our newly developed, unique 50K IM fiber with Solvay’s resin formulation and aerospace market expertise, both partners are aiming to develop an advanced aerospace material system. This alliance supports our strategic direction and accelerates our growth in the attractive aerospace market,” said Dr. Michael Majerus, spokesman of the management board of SGL Carbon.

Composite materials for aerospace applications represent a multi-billion-dollar market that is expected to grow strongly in the coming decade. Solvay and SGL Carbon are uniquely positioned to develop solutions to address the needs of this market.

More information:
Solvay SGL Carbon Carbonfaser
Source:

SGL CARBON SE

(c) Eric RAZ, Airbus Helicopters
25.11.2019

SGL Carbon serially delivers composite materials for rotor blades to Airbus Helicopters

  • Glass fiber textiles for helicopter type H145
  • First ever material supply for primary structural components in the aerospace segment

Since August of this year, SGL Carbon delivers two special glass fiber textiles, so-called non-crimped fabrics, for the new version of helicopter model H145 from Airbus Helicopters. These materials are used in the new, especially efficient five-blade rotor. Developed in close collaboration with Airbus Helicopters, the material has been qualified for the application for the next years to come.  

Thanks to their unidirectional fiber orientation, the fabrics are extremely resistant, providing optimal support for the new geometry of the especially long H145 rotor blades. The fabrics are manufactured at the SGL Carbon site in Willich near Düsseldorf in a multi-stage process and delivered to Airbus Helicopters in Paris.  

  • Glass fiber textiles for helicopter type H145
  • First ever material supply for primary structural components in the aerospace segment

Since August of this year, SGL Carbon delivers two special glass fiber textiles, so-called non-crimped fabrics, for the new version of helicopter model H145 from Airbus Helicopters. These materials are used in the new, especially efficient five-blade rotor. Developed in close collaboration with Airbus Helicopters, the material has been qualified for the application for the next years to come.  

Thanks to their unidirectional fiber orientation, the fabrics are extremely resistant, providing optimal support for the new geometry of the especially long H145 rotor blades. The fabrics are manufactured at the SGL Carbon site in Willich near Düsseldorf in a multi-stage process and delivered to Airbus Helicopters in Paris.  

“The order emphasizes our growing presence in the aerospace business. With the fabrics for Airbus Helicopters, we have realized, qualified, and started serial production for a material concept for primary structural components for the first time,” underscores Dr. Andreas Erber, Head of the Aerospace segment in the business unit Composites – Fibers & Materials at SGL Carbon.

The current deliveries are part of a framework contract with Airbus Helicopters, intended to gradually intensify collaboration. Besides the current development of materials for helicopter components, Airbus Helicopters and SGL Carbon have worked together in the area of component material processing for Airbus group aircraft doors for years. In addition, Airbus and SGL Carbon are jointly involved in various associations and research projects in the area of components, such as Carbon Composites e.V.

 

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SGL CARBON SE

25.10.2019

SGC Carbon SE: Update on the preliminary status of the new five-year plan;

Deterioration in market segments Textile Fibers and Industrial Applications in the business unit CFM will be counteracted with various measures; strategic growth markets remain intact

Deterioration in market segments Textile Fibers and Industrial Applications in the business unit CFM will be counteracted with various measures; strategic growth markets remain intact

  • Continued weakness in the business unit Composites – Fibers & Materials (CFM) in the final quarter of 2019 due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications leads to a guidance adjustment for the full year 2019
  • Earnings deterioration at CFM triggers an impairment testing; impairment charge will become necessary
  • Initial outlook for 2020
  • Comprehensive measures initiated to improve earnings of the CFM business unit
  • CFM strategic growth markets automotive and aerospace remain intact
  • Growth in higher-margin aerospace business to be accelerated

While the preliminary results for the first nine months 2019 remain, overall, within the scope of the full year outlook outlined in the ad-hoc notification of August 14, 2019 (preliminary 9M/2019 recurring EBIT: Group: approx. €54 million, CFM: approx. minus €2 million, GMS: approx. €71 million, Corporate: approx. minus €15 million), continued weakness is becoming apparent for the final quarter 2019 in the reporting segment Composites – Fibers & Materials (CFM). This is due to the further weakening in the market segment Textile Fibers as well as the deteriorated economic environment in the market segment Industrial Applications.

SGL Carbon therefore now expects for the full year 2019 a recurring EBIT in the reporting segment CFM in a negative mid to high single digit million € amount (previous guidance: positive mid-single digit million € amount). This results in a Group recurring EBIT for the full year 2019 in the magnitude of €45 to 50 million (previous guidance: approx. €55 million).

The earnings deterioration at CFM triggers an impairment testing. Based on the preliminary status of the new five-year plan, a non-cash impairment charge of €70 to 80 million is becoming apparent in CFM mainly due to the lower starting point in 2019 as well as the ongoing weakness in the market segments Textile Fibers and Industrial Applications. This impairment charge will be recorded in the third quarter 2019. In recent years acquired assets of the former joint ventures with BMW and Benteler are not affected by this impairment.

 

 

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SGL Carbon SE

(c) SGL Carbon
Dr. Stephan Bühler
18.10.2019

Expansion of the Board of Management of SGL Carbon SE

On October 14, 2019, the Supervisory Board of SGL Carbon SE decided to appoint Dr. Stephan Bühler as an additional member to the Board of Management effective October 15, 2019. He will be responsible for Legal and Compliance.

Dr. Bühler is familiar with the Company, having been Head of Legal and Compliance for many years. He is therefore perfectly suited for his new role. He will assume this responsibility on a temporary basis until a new Chief Executive Officer has been appointed and taken office.

Dr. Michael Majerus, who has been the sole member of the Board of Management of SGL Carbon SE since September 1, will run the Company as Spokesman of the Board of Management going forward.

On October 14, 2019, the Supervisory Board of SGL Carbon SE decided to appoint Dr. Stephan Bühler as an additional member to the Board of Management effective October 15, 2019. He will be responsible for Legal and Compliance.

Dr. Bühler is familiar with the Company, having been Head of Legal and Compliance for many years. He is therefore perfectly suited for his new role. He will assume this responsibility on a temporary basis until a new Chief Executive Officer has been appointed and taken office.

Dr. Michael Majerus, who has been the sole member of the Board of Management of SGL Carbon SE since September 1, will run the Company as Spokesman of the Board of Management going forward.

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SGL Carbon
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SGL Carbon