Woot, there's a new Samsung SGL Carbon Composite Material joint venture in town and it's made by Samsung's Petrochemical department getting cosying up to SGL Group, which just happens to specialize in graphite and carbon-fiber composites
There's a nice chance this is going to pave the way for lighter and more durable mobile devices from Samsung, so we are all ears what will be the next steps for the JV, where each company has half of the shares. Of course, Samsung is involved in numerous other businesses, like shipbuilding and construction, which can benefit, but these composites can have multiple applications across Samsung's product spectrum. As SGL puts it:
SGL Group’s carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.
Samsung Petrochemical's boss also chimed in:
Our long-term cooperation with SGL Group will ensure the exclusive supply of carbon fiber composite materials to Samsung. We selected SGL Group as partner due to the company’s unique expertise along the entire value chain from carbon fibers to CFRP components. Lightweight materials have become an important factor not only in industrial applications but also the consumer end markets such as digital media. This partnership will position Samsung as a leading player in the development and application of carbon fiber-based products.