NetComposites
Airtech

Hexcel Acquires 50% Interest in Formax

16 December 2014

Formax is located in Leicester, UK with estimated sales in 2014 of approximately $45 million.  Hexcel’s interest is to advance knitting technology for future aerospace applications and provide scale for growing industrial markets.

According to Hexcel, this announcement follows a Joint Development Agreement under which the two companies have been cooperating for the development and manufacture of certain non-crimp fabrics (NCF) for Hexcel and its aerospace customers.

Hexcel’s Chairman, CEO and President, Nick Stanage, stated: “This partnership demonstrates our commitment to growing our business, expanding our technologies and strengthening Hexcel’s position as a global leader in advanced composites.”

Formax's Managing Director, Oliver Wessely, commented: “All of us at Formax are very excited to be taking the next steps in our development with Hexcel as a partner. We believe this will open up new opportunities for us to develop our range of stitch-bonded reinforcements to the benefit of all of our customers.”

Photo provided by Hexcel.






comments powered by Disqus

Related / You might like...

Thai Flight Training Orders Spatial A320 Door Trainer

Thai Flight Training (TFT), a subsidiary of Thai Airways, recently ordered an Airbus A320 door trainer from Spatial Composite Solutions.

NTPT and EPFL Research Discontinuous Fibre Composite Tubes

NTPT is collaborating with the Ecole polytechnique fédérale de Lausanne - Swiss Centre of Technology (EPFL) and other partners to research discontinuous fibre composite tubes for high performance applications.

Gulf Aviation Academy Orders Third Simulator from Spatial

Gulf Aviation Academy (GAA) recently ordered a Boeing 787 door trainer from Spatial Composite Solutions, complete with Spatial’s virtual slide trainer.