SGL sees COVID-related decline in sales

WIESBADEN, Germany — SGL Carbon announced on Tuesday that the company expects its total sales to decline 15-20 percent in 2020 from 2019 sales of $1.3 billion.

The company noted that for much of the second quarter of 2020, production at its carbon fiber and composites divisions in Europe and North America was still dominated by pandemic protection measures and much lower sales.

However, SGL also noted that sales started picking up later in the second quarter.

Because of this, SGL said the company said it expects to “break even” in the second quarter of 2020.

SGL produces carbon fiber at its Moses Lake facility for use in automobiles and in aerospace.

— Charles H. Featherstone