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
HITCO to Build
Additional C-17 Tailcones and Vapor Barriers for Boeing
LOS ANGELES, CA – 9/24/07 – HITCO CARBON COMPOSITES,
INC (HITCO), a subsidiary of the German based SGL Group, The Carbon Company,
announced today that The Boeing Company has contracted with HITCO to build
an additional 22 ship sets of tailcones and large vapor barriers for the
C-17 Globemaster III military transport aircraft. In addition, HITCO was
selected “Supplier of the Month for August, 2007 by Boeing C-17, Long Beach
for the second time.
“We are proud to be the only supplier in the history of
the Boeing C-17 program that has been awarded ‘Supplier of the Month’ more
than once. We are looking forward to continue our tradition of rapid
response to build high-quality components as we fulfill our new contract to
build an additional 22 ship sets of fully kitted tail cones and large vapor
barriers,” said Edward G. Carson, HITCO’s Chief Operating Officer. He
continued, “The HITCO team has delivered over 150 C-17 tail cones to date.
We are committed to continuous improvement in the production of these large
components for this critically important military platform. We are
honored to receive repeat recognition from Boeing in the form of their
“Supplier of the Month” designation for our performance in the C-17 Program.
Our near-term investment plan, which includes automated tape laying and
automated fiber placement equipment as well as, other improvements, enables
us to expand our presence as a value-added composite structures partner to
C-17 and other Boeing military and commercial programs.”
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.