Tag Archives: invest €100M

BMW and SGL to invest €100M to double automotive carbon fiber production

Germany’s Handelsblatt reports that BMW and partner SGL will invest more than €100 million ($137 million) to double their joint production of carbon fiber to 6,000 metric tons a year from 3,000 tons a year now. In addition to meeting demand from the i3 and i8, the carbon fiber will also be used in new 7 series in 2015, according to the report.