SGL Carbon Optimizes Product Portfolio; Sale of Non-core Area / Divestment of Electrical Contacts Business.Business Editors WIESBADEN, Germany--(BUSINESS WIRE)--Jan. 17, 2003 As part of its measures to streamline its portfolio, the SGL Carbon SGL Carbon (FWB: SGCG) is one of the world's leading manufacturers of products from carbon. The company portfolio ranges from carbon and graphite materials to carbon fibers and composites. Group has divested its German business in electrical contacts for trains, trams and electric motors over the last few days. SGL SGL See Speculative Grade Liquidity Rating (SGL). Pantrac GmbH, Berlin, has been taken over by E-Carbon S.A., Brussels. E-Carbon (www.e-carbon.net) is a joint venture of Gerken S.A., Verviers (Belgium), and Helwig Carbon Products Inc., Milwaukee (USA). Both companies are long-standing customers of SGL Carbon Group in the US and Europe. The parties have agreed not to disclose the purchase price. With the sale of this non-core business, which generated annual revenues of approx. (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) 12 million, SGL Carbon is withdrawing in a first step from the manufacture of electrical contacts. This is an important step for SGL Carbon to further concentrate on high-tech applications within the business unit Graphite Specialties. The Company already announced in early 2002 that as part of the 5-point program it would divest non-core activities in order to streamline its portfolio and to further reduce financial liabilities. Important Notice: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the US Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. It contains forward-looking statements and information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc sales and earnings figures, based on currently available information. Actual future results and trends could differ materially from those set forth in such statements due to various factors. Such factors include unforeseeable Un`fore`see´a`ble a. 1. Incapable of being foreseen. Adj. 1. unforeseeable - incapable of being anticipated; "unforeseeable consequences" unpredictable - not capable of being foretold alterations in electric steel production, the possibility of changing economic and competitive conditions, changes in currency rates, technological developments, unanticipated developments relating to recently acquired businesses and Group companies, unforeseen difficulties relating to the investigations by the European antitrust authorities and to the now completed investigation by the Canadian and U.S. antitrust authorities and the civil actions related to these investigations and other risks and uncertainties, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. SGL Carbon does not intend to update these forward-looking statements, and does not assume any obligation to do so. |
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