SGL Group (Wiesbaden, Germany) and PET resin raw material producer Samsung Petrochemical (Seoul) have established a strategic partnership for carbon fiber composite materials with the foundation of a marketing and sales joint venture. The joint venture partners will each hold a 50% share in Samsung SGL Carbon Composite Materials.
The primary objective of the cooperation is to develop new industrial and electronic applications with carbon composite materials for Samsung and the Korean market.
The cooperation is expected to provide a stable long-term supply of carbon fiber materials for Samsung and promote its use in various Samsung products and applications such as consumer electronics, medical devices and engineering applications. Carbon fiber materials from SGL Group will be preferred by the Joint Venture. In the mid-term, the joint venture will aim for business expansion over the rest of Asia.