Brief: SGL Carbon And Hyundai Motor Group Agree On Contract For Fuel Cell Components

SGL Carbon SE

04/12/2019 08:40

Dec 4 (Reuters) - SGL Carbon SE  SGCG.DE :
    * SGL CARBON AND HYUNDAI MOTOR GROUP AGREE ON MAJOR CONTRACT
FOR
FUEL CELL COMPONENTS
    * CONTRACT WILL ENABLE A RAMP-UP OF CURRENT PRODUCTION AND
DELIVERY VOLUMES IN ORDER TO SUPPORT HYUNDAI’S OBJECTIVES IN THE
AREA OF FUEL CELL DRIVE SYSTEMS
    * IN THE MEDIUM-TERM, SGL CARBON PLANS TO MORE THAN
QUINTUPLE ITS
BUSINESS WITH FUEL CELL COMPONENTS TO ANNUAL SALES OF
APPROXIMATELY 100 MILLION EURO

Source text: https://bit.ly/380Ua9Q
Further company coverage:  SGCG.DE 

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