Dr. Leslie Cohen
HITCO Carbon Composites, Inc.
Tel: +1 (800) 421-5444 Fax: +1 (310) 970-5468
Haviland Communications, Inc.
Tel: 970 731-2370 Fax: 970 731-0688
Two New Equipment
Purchases Advance HITCO Capital Expenditure Plan
LOS ANGELES, CA – January 16,2008 – HITCO CARBON
COMPOSITES, INC (HITCO), a subsidiary of the German based SGL Group - The
Carbon Group - announced today that it has ordered a Bertsche P5-Milling
machine designed for high speed, automated performance in a demand-driven
manufacturing environment. This machine is used in the production of
entire families of large-scale structural parts. It is comprised of a
Five Axis CNC Milling Machine with Hydraulic, Pneumatic, Lubrication, Dust
Collection and Power Door Systems, and Full Machine Enclosure. HITCO
intends to use this equipment for drilling and finishing composite floor
beams for new commercial aircraft programs.
In November 2007, HITCO placed an order for a second
Cincinnati Charger™ Automated Tape Lay-Up Machine (ATL) equipped with a
state-of-the-art, contour tape head. This equipment improves HITCO’s
ability to manufacture a wide array of composite parts ranging from wing
skins and fuselage panels to horizontal stabilizers for commercial and
military aircraft. This second machine complements the first ATL
purchased earlier in 2007.
“Since the April 2007 announcement of our Capital
Investment Plan, beginning with the purchase of our first Automated Tape
Lay-Up Machine and other facility upgrades at our Gardena, California site,
HITCO has received positive feedback from the market and our key customers.
This has led to strong interest among potential customers for highly
engineered composite parts that utilize automated fabrication processes,”
said Edward G. Carson, HITCO Chief Operating Officer. “We look forward to
servicing our customers beginning in 2008, with highly engineered,
excellent quality composite components delivered to our customers on time,”
HITCO Carbon Composites, Inc. was founded in 1922 and
manufactures advanced composite materials primarily for aerospace and
defense applications. HITCO continues to be an innovative leader in
the advancement of carbon composite technologies and continues to
strategically focus within the SGL Group on new projects for
aerospace/aircraft and defense applications.
SGL Group – The Carbon Company
The SGL Group is one of
the world’s leading manufacturers of carbon-based products. It has a
comprehensive portfolio ranging from carbon and graphite products to carbon
fibers and composites. SGL Group’s core competencies are its expertise
in high-temperature technology as well as, its applications and engineering
know how, gained over many years. These competencies enable the
Company to make full use of its broad material base. SGL Group’s
carbon-based materials combine several unique properties such as electrical
and thermal conductivity, heat, and corrosion resistance as well as, high
mechanical strength combined with low weight. Due to the paradigm
shift in the use of materials because of the worldwide shortage of energy
and raw materials, there is a growing demand for SGL Group’s
high-performance materials and products from an increasing number of
industries. Carbon and graphite products are used whenever other
materials such as steel, aluminum, copper, plastics, wood etc. fail due to
their limited properties. Products from the SGL Group are used
predominantly in the steel, aluminum, automotive, chemical, and
glass/ceramics industries. However, manufacturers in the
semiconductor, battery, solar/wind energy, environmental protection,
aerospace, and defense industries as well as, in the nuclear energy industry
also figure among the Company’s customers.
With around 30 production
sites in Europe, North America, and Asia as well as, a service network
covering more than 100 countries, the SGL Group is a company with a global
presence. In 2006, the Company’s workforce of 5,250 generated sales of
1.2 billion Euros. The Company’s head office is located in Wiesbaden,
This press release
contains statements on future developments that are based on currently
available information and that involve risks and uncertainties that could
lead to actual results deviating from these forward-looking statements.
The statements on future developments are not to be understood as
guarantees. The future developments and events are dependent on a
number of factors; they include various risks and unanticipated
circumstances and are based on assumptions that may not be correct.
These risks and uncertainties include for example, unforeseeable changes in
political, economic and business conditions, particularly in the area of
electrosteel production, the competitive situation, interest rate and
currency developments, technological developments and other risks and
unanticipated circumstances. We see other risks in price developments,
unexpected developments relating to acquired and consolidated companies and
in the ongoing cost optimization programs. SGL Carbon does not intend
to update these forward-looking statements.