Company news

24th Apr 2024

American company Hexcel Corporation reported sales of $472.3 million in Q1 FY24, up from $457.7 million last year, but saw gross margin drop to 25 per cent from 27.9 per cent. The company’s operating income fell to $54.1 million, despite gains in aerospace and defense sectors. Industrial sales dropped significantly by 27.9 per cent in Q1 FY24.

11th Apr 2024

Thomas C Gentile III is appointed CEO & president of Hexcel Corporation effective May 1, succeeding Nick Stanage, who will retire at year-end but remain as executive chairman until then. Gentile brings extensive leadership experience from Spirit AeroSystems and GE. Stanage's tenure saw Hexcel's growth as a global leader in lightweight composites.

7th Mar 2024

Hexcel Corporation debuts HexTow IM9 24K carbon fibre at JEC World, boasting 12 per cent higher tensile strength than IM7. With 24,000 filaments, it offers over 6,300 MPa tensile strength, 298 GPa modulus, and 1.9 per cent strain. Targeted for aerospace applications, it promises enhanced value and productivity, being compatible with various resin...

21st Feb 2024

Hexcel will showcase aerospace, automotive, marine, and industrial solutions at JEC World 2024 in Paris, including a new carbon fibre, HexTow IM9 24K, and rapid-curing prepreg, HexPly M51. The company will exhibit aerospace parts, marine components, automotive technologies, and sustainability initiatives like skis made with bio-derived resins.

29th Jan 2024

Hexcel Corporation reported a 13.4 per cent sales increase in FY23, reaching $1,789 million. The company’s gross margin improved to 24.2 per cent, with adjusted operating income at $216.7 million in FY23. In the fourth quarter of FY23, sales were $457.5 million, with a gross margin of 22.5 per cent. Q4 adjusted operating income was $49.1 million.

27th Oct 2023

Hexcel is set to showcase its latest marine market innovations at METSTRADE 2023. These developments include new intermediate and high modulus fibre HexPly M79 prepregs, designed for highly loaded components in applications like rigs and foils. The company is also introducing HexTow HM54 fibre with HexPly M79 resin for high-stiffness applications.

12th May 2023

Hexcel Corporation has unveiled the completion of an expansion project at its engineered core operations facility in Morocco. The purpose of this expansion is to address the need for lightweight advanced composite materials within the aerospace sector. Situated in the Midparc Free Trade Zone in Casablanca, the plant has undergone significant growth.

26th Apr 2023

American firm Hexcel Corporation reported Q1 FY23 sales of $457.7 million, up 17.2 per cent YoY, driven by commercial aerospace sales, which grew by 30 per cent to reach $284.5 million. The company's adjusted operating income increased to $63 million or 13.8 per cent of sales, compared to $31.1 million, or 8 per cent of sales in Q1 FY22.

9th Dec 2021

US’ composites company, Hexcel, and Metyx are set to manufacture high-performance carbon pultruded profiles made from polyurethane (PU) resin and unidirectional carbon fibre for the wind energy market. Metyx is a manufacturer of high-performance NCF and woven glass and carbon, consumables, core, and fabric kitting, moulds, prototypes, and components.

20th Oct 2021

Hexcel Corporation recently hosted public officials, customers and local contractors at its manufacturing site in Utah as the company broke ground on a flagship Centre of Research & Technology (R&T) Excellence. The advanced composites company’s new centre of excellence will support next-generation developments in advanced composites technologies.