Hexcel Corp. (HXL) said that it will expand its carbon fiber production capacity through the addition of new precursor and carbon fiber lines in Roussillon, France. The company will invest $250 million in precursor and carbonization lines. The investment will also include the associated Quality Control laboratories and offices.
According to the company, the new French plant will occupy a 37 acre site at the Osiris Chemicals Industry Platform in Roussillon, which is close to Hexcel's weaving and prepreg manufacturing facilities near Lyon. Carbon fiber from the new plant will be supplied to Hexcel customers including Airbus for the A350 XWB and Safran for the CFM LEAP engine.
Construction of the new plant will begin by mid-2015 and it is expected to employ 120 people when fully operational in early 2018.
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