SGL Group Decreases Graphite Electrode Capacity To Counter Weak Prices

　　SGL Group has stayed true to its word and is implementing its planned costsavings - over half of which has been focused on its graphite electrodeproducts. The company has increased its cost saving target to €240m in order tokeep its balance sheet healthy going forward.

　　SGL Group has cut its graphite electrode capacity by 60,000tpa in an effort to offset weak global prices for the product.

　　The German manufacturer of engineered carbon materials saidthat it has raised its cost saving target from €200m ($212m*) to €240m in its2014 results, published today.