Hexcel and Arkema Join Forces in Thermoplastic Composite Solutions for Aerospace

COLOMBES, France & STAMFORD, Conn.--()--Regulatory News:

Hexcel and Arkema (Paris:AKE) have signed a strategic alliance to develop thermoplastic composite solutions for the aerospace sector combining the expertise of Hexcel in carbon fiber and that of Arkema in PEKK.

The partnership announced today aims to develop carbon fiber-reinforced thermoplastic tapes to produce lightweight parts for future generations of aircraft. In addition to lightweighting, these new composites will provide lower cost and faster production speeds for customers in the aerospace and the space and defense sectors.

As part of this partnership, a joint research and development laboratory, located in France, will be established.

“I am delighted to announce this partnership with Hexcel, a leading advanced composites supplier to the aerospace industry. This association fits in clearly with our strategy to develop advanced thermoplastic composite solutions from our PEKK resins, and takes effect a few months before the commissioning of our new PEKK plant in the United States in Mobile (Alabama) scheduled for the end of 2018,” stated Thierry Le Hénaff, Arkema Chairman and Chief Executive Officer.

Nick Stanage, Hexcel Chairman and Chief Executive Officer, said “We’re excited to join this collaboration with Arkema to continue exploring and defining the future of carbon fiber-reinforced thermoplastics in the aerospace industry. With this opportunity and our recent acquisition of the aerospace and defense business of Oxford Performance Materials (OPM), Hexcel is quickly becoming an industry leader in advanced composite thermoplastic technologies.”

Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures for use in commercial aerospace, space and defense and industrial applications. www.hexcel.com

A designer of materials and innovative solutions, Arkema shapes materials and creates new uses that accelerate customer performance. Our balanced business portfolio spans high-performance materials, industrial specialties and coating solutions. Our globally recognized brands are ranked among the leaders in the markets we serve. Reporting annual sales of €8.3 billion in 2017, we employ approximately 20,000 people worldwide and operate in close to 55 countries. We are committed to active engagement with all our stakeholders. Our research centers in North America, France and Asia concentrate on advances in bio-based products, new energies, water management, electronic solutions, lightweight materials and design, home efficiency and insulation. www.arkema.com

Contacts

HEXCEL MEDIA
Kaye Veazey, +01 203 352 0339
kaye.veazey@hexcel.com
or
HEXCEL INVESTOR RELATIONS
Kurt Goddard, +01 203 352 6826
kurt.goddard@hexcel.com
or
ARKEMA INVESTOR RELATIONS
Sophie Fouillat, +33 1 49 00 86 37
sophie.fouillat@arkema.com
or
François Ruas, +33 1 49 00 72 07
francois.ruas@arkema.com
or
ARKEMA MEDIA
Gilles Galinier, +33 1 49 00 70 07
gilles.galinier@arkema.com
or
Véronique Obrecht, +33 1 49 00 88 41
veronique.obrecht@arkema.com

Contacts

HEXCEL MEDIA
Kaye Veazey, +01 203 352 0339
kaye.veazey@hexcel.com
or
HEXCEL INVESTOR RELATIONS
Kurt Goddard, +01 203 352 6826
kurt.goddard@hexcel.com
or
ARKEMA INVESTOR RELATIONS
Sophie Fouillat, +33 1 49 00 86 37
sophie.fouillat@arkema.com
or
François Ruas, +33 1 49 00 72 07
francois.ruas@arkema.com
or
ARKEMA MEDIA
Gilles Galinier, +33 1 49 00 70 07
gilles.galinier@arkema.com
or
Véronique Obrecht, +33 1 49 00 88 41
veronique.obrecht@arkema.com