Due to the high demand for carbon fiber in automotive production, SGL Automotive Carbon Fibers, a joint venture between the BMW Group and the SGL Group, will triple the capacity of the carbon fiber plant in Moses Lake, Washington. SGL and BMW made the announcement at the groundbreaking ceremony for the planned site expansion. The expansion will be funded by an investment of US$200 million, on top of the previously invested US$100 million.
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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.
