Press Releases 2003


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	Press Releases

April 16, 2003

SGL Carbon continues portfolio optimization
Italian electrical contacts business sold

WIESBADEN, April 16, 2003. The SGL Carbon Group has sold its Italian electrical contacts business in the past few days as part of the streamlining of its Graphite Specialties portfolio which started at the beginning of the year. SGL Risomesa S.p.A., Milan, which manufactures sliding contacts for trains, trams and electric motors, has been taken over by the Schunk Group, based in Gießen, Germany. The Schunk Group is an international technology group active in a range of activities including carbon and graphite. The parties have agreed not to disclose the purchase price.

With the sale of this non-core business, which generates revenues of around €5 million, SGL Carbon has basically withdrawn in this second step from the manufacture of electrical contacts. At the beginning of this year, the company sold its German and Czech activities in this area. Together, the divestments account for a revenue volume of around €12 million. The sale represents another important step in SGL Carbon's plans to concentrate on high-tech applications in the Graphite Specialties business unit.

Important Notice:
This press release contains forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. It contains forward-looking statements and information relating to sales and earnings figures, based on currently available information. Actual future result/trends could differ materially from those set forth in such statements due to various factors. Such factors include unforeseeable alterations in electric steel production, the possibility of changing economic and competitive conditions, changes in currency rates, technological developments, unanticipated developments relating to recently acquired businesses and Group companies, unforeseen difficulties relating to the investigations by the European antitrust authorities and to the now completed investigation by the Canadian and U.S. antitrust authorities and the civil actions related to these investigations and other risks and uncertainties, including those detailed in the Company's filings with the U.S. Securities and Exchange Commission. SGL Carbon does not intend to update these forward-looking statements, and does not assume any obligation to do so.