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HITCO Receives Silver Boeing Performance Excellence Award

June 15, 2009

LOS ANGELES and WIESBADEN, Germany, June 15 /PRNewswire/ — HITCO Carbon Composites, Inc., Gardena, California/USA, a subsidiary of SGL Group – The Carbon Company – announced today that it has received a 2008 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. HITCO maintained a Silver composite performance rating for each month of the 12-month performance period, from October 1, 2007 to September 30, 2008.

“HITCO has endeavored to become a world class Tier II supplier of composite components to the aerospace industry. We thank Boeing for this recognition that validates our ongoing efforts to provide the highest quality components to our customers by utilizing state-of-the-art manufacturing techniques and equipment. HITCO, along with support from our parent company – SGL Group – has made major capital investments in equipment, plant upgrades and capacity expansion enabling us to manufacture complex composite aircraft structures more efficiently and reliably,” said Peter Hoffman, HITCO President.

This year, Boeing recognized 411 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. HITCO is among 325 suppliers to receive the Silver level award. During recent years, HITCO has received recognition from Boeing that includes both Silver and Gold level Performance Excellence Awards. In 2007, HITCO was recognized as one of only 11 firms designated by Boeing as Supplier of the Year in the category of Major Structures.

Currently, HITCO supplies complex composite aerostructure components to Boeing for the 767 and 787 commercial airplanes and C-17 Transport Aircraft programs. HITCO has been a supplier to The Boeing Company for various programs for over a half-century.

About HITCO Carbon Composites, Inc.

HITCO Carbon Composites, Inc. was founded in 1922 and manufactures advanced composite materials primarily for aerospace and defense applications. HITCO continues to be an innovative leader in the advancement of carbon composite technologies, and continues to strategically focus within the SGL Group on new projects for aerospace/aircraft and defense applications.

About SGL Group – The Carbon Company

SGL Group is one of the world’s leading manufacturers of carbon-based products. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials as a result of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group’s high-performance materials and products from an increasing number of industries. Carbon and graphite products are used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from SGL Group are used predominantly in the steel, aluminum, automotive, chemical and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace and defense industries as well as in the nuclear energy industry also figure among the Company’s customers.

With 40 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2008, the Company’s workforce of around 6,500 generated sales of euro 1.6 billion. The Company’s head office is located in Wiesbaden/Germany.

Important note:

This press release contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. The statements on future developments are not to be understood as guarantees. The future developments and events are dependent on a number of factors, they include various risks and unanticipated circumstances and are based on assumptions that may not be correct. These risks and uncertainties include, for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electrosteel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies and in the ongoing cost optimization programs. SGL Group does not intend to update these forward-looking statements.

SOURCE HITCO Carbon Composites, Inc.


Source: newswire



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