BMW Group establishes joint venture with SGL Group.Summary: The BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Group and the SGL SGL See Speculative Grade Liquidity Rating (SGL). Group have agreed on the establishment of a joint venture for The BMW Group and the SGL Group have agreed on the establishment of a joint venture for the production of carbon fibres and textile semi-finished products (CFRP CFRP Carbon Fiber Reinforced Plastic CFRP carbon-fiber-reinforced polymer CFRP Conceptual Framework for Reuse Processes CFRP Central Florida Research Park CFRP Consolidated Fuel Reprocessing Program CFRP Chehalis Fisheries Restoration Program ) for use in vehicle construction. The total investment volume is e1/4 90 million in the first development phase, the two companies stated on Thursday. The joint venture will be operated through two companies, one based in North America (SGL Automotive Carbon Fibers LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ), and the other in Germany (SGL Automotive Fibers GmbH & Co KG). The BMW Group holds 49% of the shares, and the SGL Group 51%. The two groups will be equally represented in the management of the two companies; major corporate decisions must be made unanimously by both partners. The joint venture will initially create around 180 new jobs in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Germany. Its establishment is subject to approval by the cartel authorities. "This joint venture is designed to be a classic win-win situation. We are acquiring pioneering future technologies and raw materials that we need for our Megacity Vehicle on competitive terms. The SGL Group is moving into the automobile business with us as a strong partner," BMW AG Management Board Chairman Norbert Reithofer Dr Ing. Norbert Reithofer (born 29 May, 1956 in Penzberg, Germany) is a German businessman, and Chairman of the Board of Management/Chief Executive Officer of BMW AG. emphasised in Munich. "With our concepts within project i, we are breaking new ground when it comes to vehicle architecture, lightweight design The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and the use of materials," Reithofer continued. Robert Koehler, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the SGL Group, stated: "This joint venture with the BMW Group is a milestone for the use of carbon fibres on an industrial scale in the automobile industry. For the first time, carbon fibres are taking on an important role in series vehicle manufacture. This confirms our strategy and shows that carbon fibre technology is becoming increasingly important in the materials substitution process to lighter material. This material will help to reduce CO2 emissions and save our natural resources." Lightweight design has been one of the core skills of the BMW Group for decades -- after all, reducing weight is a major factor in cutting fuel consumption. In the use of high-tech Carbon fiber reinforced plastic Carbon fiber reinforced plastic (CFRP or CRP), is a very strong, light and expensive composite material or fiber reinforced plastic. Similar to glass-reinforced plastic, which is sometimes simply called fiberglass, the composite material is commonly referred to by (CFRP), the company is also able to draw on its many years of experience. CFRP not only plays an important role in motor sports; the material is also used in series vehicles, such as in the roof of the BMW M6 CoupE[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ].
In the Megacity Vehicle, which will be launched under a BMW sub-brand in the first half of the next decade, the high-strength yet ultra-light material will make up a significant proportion of the materials used. The combination of the advanced CFRP fibres developed by the SGL Group and the BMW Group's expertise in the industrial manufacture of CFRP components is making it possible, for the first time, to install CFRP on a large scale in a series vehicle at a competitive cost. With the joint venture, the BMW Group is underlining its position as the most sustainable vehicle manufacturer. This claim is reflected throughout the entire value creation chain, from component purchasing to recycling. Producing CFRP in a way that protects resources is therefore a high priority. The high energy requirement for the production of carbon fibres is to be met completely by environmentally friendly hydropower hy·dro·pow·er n. Hydroelectric power. . This is one of the preconditions for the production site of carbon fibres in North America. The raw material is then processed into a carbon fibre fabric at the second location in Germany. Parts and components will then be made from this light-weight durable fabric within the BMW Group. 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion