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.






Related / You might like...

Alvant Supports £28m Safran-Led Aircraft Landing Gear Project

Alvant has been appointed to work on a two-year, £28 million project titled Large Landing Gear of the Future, which aims to deliver a 30% weight reduction and assist the aerospace industry’s drive to reduce fuel consumption and carbon emissions.

3D Printed Drone Prototype Wins Red Dot 2018 Design Award

Hexadrone’s 3D printed Tundra prototype, manufactured by CRP Technology via laser sintering (LS) technology using Windform SP and Windform XT 2.0 carbon composite materials, has won the Red Dot Award 2018 in the drone category.

Norco Composites Invests in New Equipment

UK company Norco Composites has invested in a larger spray booth and a new cutting and kitting machine to enable the company to increase productivity in line with growing demand from its marine customers.