For anyone who cannot read German - like myself - this is an English translation:-
Core business for sale
Author: Reuters Date: 07/07/2015 17:17 clock
Low-cost competition from China threatened the main business of SGL Carbon. That is why the special graphite manufacturers want to change to the battery production - and sell its existing core business.FacebookTwitterGoogle+Xing 0Cheap graphite electrodes from China make the Wiesbaden manufacturer SGL Carbon to provide. Source: dpaPrice pressure from the Far EastCheap graphite electrodes from China make the Wiesbaden manufacturer SGL Carbon to provide.(Photo: AP)FrankfurtDer ailing specialty graphite producer SGL Carbon provides its core business in the shop window. The largest division graphite electrodes for steel production and cathodes for the aluminum smelter should be legally independent at the latest within the company by the end of 2016, SGL Carbon announced on Tuesday. The two other major sectors are to be strengthened through acquisitions. "With the new setup allows us to align our activities more targeted and open us also for new strategic options," said CEO Jürgen Köhler.Shareholders cheered by the announcement: The stock was an increase of 6.5 percent to 15.87 euros by far the biggest winner in the small cap index SDAX.The Wiesbaden carbon specialist SGL Carbon does thanks to its austerity program significantly less loss. Source: dpaSGL Carbon carbon specialist reduces net lossThe austerity program of the German carbon specialist SGL Carbon effect: Compared to last year, the Wiesbaden increased their first-quarter earnings significantly, the loss decreased. more ...Business with graphite electrodes for the steel industry has become more difficult because of the high price pressure from Chinese competition. Last year was winning the division, which contributed 44 percent to total revenues of 1.3 billion euros, declined significantly. As an option for the core business Köhler sees the possibility of a merger with other companies in the industry. Often the statement to examine "strategic options", also associated with a sale of business units.As an important growth sector Köhler makes the lithium-ion industry, the SGL provides the anode material. The group, whose largest shareholder is the entrepreneur and Quandt heiress Susanne Klatten, is hoping to be a supplier for the initiative announced by Tesla boss Elon Musk "Gigafactory" for batteries.In the other two business areas - carbon fibers and graphite specialties - SGL is in addition to organic growth on selective acquisitions. Revenue is expected to grow by 2020 by around 50 percent compared to 2014.SGL Carbon does not come out of the red by its own account this year. 2014, the loss to 247 million euros reduced by EUR 317 million the year before. To post profits again, the management has the Group enacted an austerity program.
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