SGL Carbon explores strategic options for its carbon fibers unit

SGL Carbon SE announced on February 23, 2024 its intention to evaluate strategic options for its Carbon Fibers business unit, including the possibility of a partial or complete divestiture. The first step will be to gauge interest from potential buyers. A structured transaction process may follow if sufficient interest is shown. At this time, it is too early to determine a precise timeline for a potential transaction. The Carbon Fibers unit, which generated revenues of nearly 179.6 million euros in the first nine months of 2023, is critical for the company, accounting for 21.9% of SGL Carbon's consolidated sales during that period.

In 2023, the unit experienced a decline in demand in the wind industry, leading to a significant decrease in sales and results. SGL Carbon believes that additional support is needed for the carbon fibers unit to remain competitive in the international market and seize market opportunities. The company is therefore exploring all options to promote the positive development of the Carbon Fibers unit, including outside the SGL Carbon group.