19 January 2016
DETAILS
Hexcel Corporation (NYSE: HXL),
announced today that it will expand
its global engineered core capacity
by building a 117,000-square-foot manufacturing plant
in Casablanca, Morocco.
The new Moroccan plant will be built
at the MidParc Free Trade Zone (FTZ) Industrial Park,
located close to Morocco’s Mohammed V airport
and near several Hexcel customers including
* Safran (Aircelle),
* Airbus (STELIA),
* Matis (a joint venture between Boeing and Safran) and
* Bombardier.
Construction on the $20 million project begins in the spring,
and the plant is expected to be fully operational by mid-2017.
By 2020, it is expected to employ more than 200 people
Engineered core is formed and machined honeycomb materials
used for light weighting in structural applications
such as aircraft secondary structures, nacelles,
and helicopter blades.
Nick Stanage
Hexcel’s Chairman, CEO and President
“We believe engineered core has an excellent growth outlook
and global upside potential. This new plant will position us
to win new business to supply engineered core
for engines and nacelles and
other commercial aerostructure applications.
We expect to partner more closely with our key customer
base in Europe, Middle East, Africa and North America
through this new Moroccan center of excellence.”
Bob Noble,
Vice President, Partnering for Success, Supplier Management,
Boeing Commercial Airplanes
“Through our joint venture Matis, Boeing has been
an anchor of the growing Moroccan aerospace ecosystem
since 2000".
Contact Hexcel
Michael Bacal
(203) 352-6826
michael.bacal@hexcel.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
