Home / Knowledge / News / Textiles / SGL to buy Portuguese acrylic fibers producer Fisipe
SGL to buy Portuguese acrylic fibers producer Fisipe
05
Apr '12
SGL Group – The Carbon Company – has signed a contract to acquire an 86% stake in the listed Portuguese company Fisipe – Fibras Sintéticas de Portugal S.A. – from the previous principal shareholder, Negofor.

Thus, SGL Group is expanding its production network for the supply of raw materials for carbon fiber production to include a production facility for precursors. The purchase price is approximately €25 million. At the same time, a mandatory public offer will be submitted to the Portuguese securities commission for the remaining shares in Fisipe. The closing for the transaction is targeted for the end of April 2012. Fisipe's top management will continue in leading roles in the company's operating business once the transaction is complete.

Dr. Jürgen Köhler, Head of Business Unit Carbon Fibers & Composite Materials: “As an integrated manufacturer of carbon fibers and composites, having our own supply of raw materials is absolutely essential in light of increasing quality and efficiency requirements as well as developing new fields of application for carbon fiber technology."

"This is why acquiring Fisipe is a logical strategic step toward strengthening our European precursor production base. Fisipe is a long-term partner with proven know-how in manufacturing acrylic fibers and has a modern production and research infrastructure with its own energy supply. We are securing this high-tech site in Portugal and can thus build on the expertise of the approximately 330 people currently working there.”

With this backward integration, SGL Group – the only European integrated manufacturer of carbon fibers – is bolstering its technology base along the entire value chain, from raw materials to carbon fibers through to the finished composite. SGL Group currently produces precursors in its multi-sourcing strategy in joint ventures with Lenzing AG in the Bavarian town of Kelheim (SGL Group stake: 44%) and Mitsubishi Rayon Co. Ltd. (MRC) in Otake, Japan, (SGL Group stake: 33%).

These joint ventures focus on industrial grade carbon fibers (50K). With Fisipe, the company is tapping into an additional source of raw materials to produce other types of precursor, specifically the development of raw materials for low-tow carbon fibers (3K – 24K). SGL Group and Fisipe have recently collaborated successfully on development projects.

The textile fiber production lines at the site will be converted and gradually expanded to precursor production at low investment costs. Additionally, the facility will continue to manufacture acrylic fibers for special textile and technical applications. Fisipe has an extremely wellqualified workforce, its production capacity has scope for expansion and it also offers well-developed logistics. Due to the company's size and own energy supply, Fisipe also stands out for its high cost efficiency.

The quality of the precursor – the carbon fiber raw material based on polyacrylonitrile fibers (PAN) – plays a significant role in both the material properties of the carbon fibers and the cost of their manufacture. Depending on the fiber bundles, a distinction can be made between heavy tow 24,000 (24K) filaments per fiber bundle and more and low tow 12,000 (12K) filaments per fiber bundle and fewer. Standard carbon fibers for industrial use (industrial grade) are made up of fiber bundles containing 50,000 (50K) filaments.

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X