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Chomarat announces €35 million worth investment plans

22 Apr '17

2 min read

Courtesy: Chomarat

Chomarat, an international industrial textile group, involved in three businesses that includes composites reinforcements, construction reinforcements, coatings & films-textiles, has announced the set up of an investment plan worth €35 million over a three-year period to boost innovation and modernise its French sites in the Ardeche region.

The €35 million investment will enable Chomarat to acquire new technologies for its composite, construction, and coating activities, to modernise its site dedicated to the production of glass-fibre reinforcements, and to develop carbon solutions.

Chomarat group managing director Michel Cognet said, “Innovation is what makes us competitive both in France and abroad, and it drives our growth, so it is a core priority for the Group. Chomarat already has a foothold in a number of markets, such as marine, energy, sports equipment, construction, and luxury goods. Through this programme, we are choosing to focus our development strategy on two new sectors: aerospace and automotive.”

The Group leads a robust innovation strategy and cooperates with universities and technical centres all over the world. It also sponsors a number of French and European collaborative projects, developing synergies and creativity around forward-looking topics.

In the automotive sector, the innovations will focus on carbon-fibre reinforcements, which help to lower the weight of vehicles, and on thermoplastic coatings for dashboards. (GK)

Fibre2Fashion News Desk – India