Carbon Fibers, a joint venture with German luxury automaker BMW, will invest $100 million to add two new production lines at its Moses Lake, Washington
, manufacturing plant.
Commerce Director Brian Bonlender said the company will double production capacity at its current operation, opened in 2012, in order to supply all of the raw carbon fiber used in BMW’s new electric vehicles.
“The SGL project aligns perfectly with Washington’s economic development comprehensive plan -- it is an ideal example of the cutting edge industries that we must compete for in order to secure our state’s long-term prosperity in the global innovation economy,” said Bonlender.
Washington State’s reputation as one of the world’s premier locations for carbon fiber production and other advanced manufacturing activities is becoming more powerful every day, added Bonlender.
“This expansion represents another exciting milestone for SGL and our state. Washington is a perfect match for companies dedicated to sustainable, innovative and high-quality industrial production, and I couldn’t be more pleased to participate in the development of this sector that is so important to the economic future of our entire state,” said Governor Jay Inslee. Partners in the project include Grant County Economic Development
, the City and Port of Moses Lake.
"I'm happy to congratulate SGL on their plant expansion. SGL continues to play a major role in the City of Moses Lake, Grant County and Washington State's economy. The City of Moses Lake will continue working with its partners to support SGL's long term growth in our region," said Bill Ecret, Mayor, City of Moses Lake.
“This designation by the State will accelerate SGL’s expansion to meet market demand for a great new BMW automobile, one built with the least-cost and greenest industrial power in the U.S., right here in Moses Lake,” said Patrick Jones, Executive Director of the Port of Moses Lake. The SGL plant is located in the Port’s airport industrial area.