German SGL may sell stakes in rotor blades, aerospace units – report

(SeeNews) - Aug 9, 2013 - German carbon maker SGL Group (ETR:SGL) is considering the option to sell stakes in wind rotor blade business Rotec and aircraft parts unit Hitco, Reuters reported yesterday.

The company unveiled on Thursday a cost-cutting programme after it booked a second-quarter net loss of EUR 233.6 million (USD 312.4m) compared with a profit of EUR 9.2 million a year earlier.

CEO Robert Koehler told Reuters that the two businesses, Hitco and Rotec, are prepared to enter into partnerships.

Lats year Hitco brought revenue of EUR 58 million, while Rotec delivered the biggest part of SGL's income of EUR 64 million from wind rotor blades.

(EUR 1.0 = USD 1.338)

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