HITCO Carbon Composites, Gardena, California, a subsidiary of SGL Group - The Carbon Company has announced that it has received a 2010 Boeing Performance Excellence Award (BPEA). The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance.
"HITCO is honored to once again receive this prestigious award from The Boeing Company. We deeply appreciate the recognition which this award conveys as HITCO pursues its goal of becoming the world class Tier II supplier of composite components to the aerospace industry," said Anthony Lawson, HITCO President. "Along with the support of our parent company, SGL Group - The Carbon Company, we continue to invest in capabilities, people, equipment and facilities to deliver the high quality composite components that Boeing expects to receive from its supplier base," Lawson added.
HITCO Carbon Composites supplies a growing number of structural composite components in support of The Boeing Company's 747, 767, 787 and C-17 Globemaster Programs - in addition to working closely with Boeing Research & Technology on new programs. HITCO has been a supplier to The Boeing Company for over a half-century. This is the sixth consecutive BPEA that HITCO has received from Boeing, including Supplier of the Year award received in 2008.
About HITCO Carbon Composites
HITCO Carbon Composites, a subsidiary of SGL Group - The Carbon Company, is one of the leading suppliers of composite structures and advanced materials primarily for the aerospace/aircraft and defense markets. Founded in 1922 and based in Gardena, California, HITCO was an early specialist in composite structures and materials. Today HITCO continues to pursue its goal of becoming a Best in Class Tier II Aerostructures supplier for commercial and general aviation, military and space applications. Additionally, HITCO has a global position as a supplier of high temperature materials and carbon-carbon brakes for military & commercial aircraft, high performance race cars and high value industrial 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 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, 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 45 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 2010, the Company's workforce of around 6,300 generated sales of Euro1,382 million. The Company's head office is located in Wiesbaden/Germany.
Forward looking statements
This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.
Source: SGL Group - The Carbon Company