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With the latest economic and business news and insights from Grenoble-Isère

30 September 2014

Hexcel (USA) To Invest $250 million to Build New Carbon Fiber Plant in Grenoble-Isere Area of France

Hexcel (USA) To Invest $250 million to Build New Carbon Fiber Plant in Grenoble-Isere Area of France
Roussillon Site Chosen Among 71 Studied Worldwide


The new facility is part of Hexcel’s ongoing worldwide investment to create a diversified and robust global supply chain to support aerospace customers’ growing demand for carbon fiber composites.

Grenoble, France, September 30, 2014 –AEPI (Grenoble-Isere Economic Development Agency) is proud to announce today that Hexcel Corporation’s (HXL) will expand its carbon fiber production capacity through the addition of new precursor and carbon fiber lines in the city of Roussillon in the Grenoble-Isere area of France. The $250 million (€200M) investment will include the associated Quality Control laboratories and offices.

“Over the past three years, AEPI has worked alongside the Invest in France Agency and with local partners and stakeholders to ensure the choice of Grenoble among the 71 other worldwide sites in the running. We are extremely pleased with Hexcel’s decision, which attests to the Grenoble-Isere area’s attractiveness in a broad field of challengers” confirmed Joelle Seux, Director of AEPI. 

For Hexcel Corporation’s release with quotes from Hexcel’s Chairman/CEO/President and from Hexcel customer Airbus’s President/CEO http://www.hexcel.com/news/market-news/news-20140930 

Read France’s Minister for the Economy, Industry and Digital Affairs reaction http://ambafrance-us.org/spip.php?article6078

In recent years Hexcel has increased its precursor and carbon fiber capacities through targeted expansions at existing facilities. Most notably, Hexcel is investing in ongoing precursor and carbon fiber expansions at its U.S. facilities and is currently installing its industry-leading resin mixing and filming technology – first developed in Europe – in the U.S. The new facility in France, which will complement the existing Rhône-Alpes sites, is the next step in support of European customers, enhancing the supply chain by adding precursor and additional carbon fiber capacity in Europe.

The new French plant will occupy a 37 acre site at the Osiris Chemicals Industry Platform in Roussillon, which is close to Hexcel’s weaving and prepreg manufacturing facilities. Carbon fiber from the new plant will be supplied to Hexcel customers including Airbus for the A350 XWB and Safran for the CFM LEAP engine. Construction of the new plant will begin by mid-2015 and it is expected to employ 120 people when fully operational in early 2018.

From left to right: Jean-François Carenco, Rhône-Alpes’ region Prefect, Thierry Merlot, VP Hexcel Corp. & President Hexcel EMEA, Nick Stanage, Chairman, CEO and President, Hexcel Corp., Vincent Beynier, Head of Operations, Hexcel EMEA

 

Download the press release