NetComposites
Thermwood

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.





Share this story


Related / You might like...

TRB Lightweight Structures Gains DIN 6701 A1 Approval

TRB Lightweight Structures has recently gained the highest DIN 6701 (Parts 1-4) A1 type certification.

Boeing Delivers First 787-9 Dreamliner for Royal Air Maroc

Boeing has delivered the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline's fleet. The new aeroplane offers more seats and more range, which will help Morocco's flag carrier grow its international business.

Mikrosam Delivers State-of-the-art Multi-material Capable Automated Fibre Placement AFP) System to Brandenburg University of Technology Cottbus

The Department of Lightweight Design and Structural Materials (LsW) at Brandenburg University of Technology (BTU) Cottbus has received a brand-new AFP system from Mikrosam.