Germany-based SGL Carbon Group and BMW AG are partnering to establish a E90 million ($133 million) joint venture for the production of carbon fibers and textile semi-finished products for use in new-vehicle concepts. Subject to approval, the JV will be operated through two companies, SGL Automotive Carbon Fibers LLC, based in North America, and SGL Automotive Fibers GmbH & Co. KG, based in Germany. BMW says the JV initially will create about 180 jobs in the two countries. The auto ...
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