11 February 2005
11 February 2005
Hexcel Corporation is to expand its carbon fibre production capacity through the addition of both a new carbon fibre line and a new precursor line.
The expansion will be completed within three years, increasing Hexcel's carbon fibre production capacity by about 40%. In the near term, Hexcel is increasing the output of its existing carbon operations through incremental capacity improvements.
Commenting on the expansion investment, Mr. David E. Berges, Hexcel's Chairman, Chief Executive Officer and President said, ""We are excited by the accelerating demand for carbon fibre composites. Market growth and the increasing penetration of these materials, particularly in commercial aerospace and wind turbine markets, bodes well for Hexcel's prospects. As a world leader in advanced structural materials, Hexcel is committed to supporting this growth through product development and capacity expansion. The expansion will cost about $80 million with most of the cost incurred in 2006 and 2007.""
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