Germany’s SGL Group said it was considering the sale of stakes in its aircraft components unit Hitco and wind rotor blade business Rotec.
“In both cases, we have prepared the businesses to the extent that we can enter partnerships, for instance,” chief executive Robert Koehler told Reuters news agency, citing examples of existing SGL joint ventures that make carbon brake disks and other automotive parts.
Hitco, which makes parts for Boeing 787s and the Lockheed Martin F-35 Joint Strike Fighter, had about EUR€58 million (USD$77 million) in sales last year, while Rotec accounted for most of SGL’s EUR€64 million in wind rotor blades sales.
(Reuters)
August 10th, 2013
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