13 December 2011
13 December 2011
Hexcel Corporation has provided its guidance for 2012, projecting solid growth in both revenues and earnings.
Mr. David Berges, Hexcel’s Chief Executive Officer, summarizing the Company’s outlook commented, “In 2012, we expect another year of double-digit sales growth, led by our Commercial Aerospace market thanks to on-going increases in aircraft build rates and new composite rich aircraft programs that are entering production. Although there is some uncertainty about the medium to long-term prospects of our Space & Defense sales due to potential military budget reductions, we still expect single digit growth in this market in 2012 due to global rotorcraft demand for our materials. Assuming reasonable availability of credit, we foresee a return to double-digit growth in our Industrial markets led by our wind energy sub-market. Our combined expectations lead us to conclude that 2012 revenues will be in a range of $1.5 billion to $1.6 billion, at today’s exchange rates."
"As previously disclosed, the surge in demand has led us to pull-forward our expansion plans and we now expect capital expenditures for 2012 to be in the $250 million to $275 million range."
The environmental credentials of battery electric vehicles were questioned at the latest Future of Technology seminar organised by the Advanced Propulsion Centre (APC) and Innovate UK.
Renegade Materials recently celebrated General Electric’s first shipment of a GE Passport Engine shipset built with the company’s RM-1100 polyimide high-service temperature composite prepregs.
Scigrip has expanded its agreement with Biesterfeld Spezialchemie to include France and the French territories in Northern Africa, with immediate effect.