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20th April 2017, Le Cheylard

Chomarat announces EUR 35 million investment plan

Chomarat stand at Advanced Engineering 2016. Chomarat, a specialist in textile reinforcements for composites, has set up a EUR 35 million investment plan over a three-year period to boost innovation and modernise its French sites in the Ardèche region.

According to the company, the investment will enable Chomarat to acquire new technologies for its composite, construction, and coating activities, to modernize its site dedicated to the production of glass-fibre reinforcements, and to develop carbon solutions.

“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,” commented Chomarat Group Managing Director Michel Cognet. 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.

Winning new markets

“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,” said Mr Cognet.

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, the manufacturer explains.

Regional development policy

Established in 1898, Chomarat is an international industrial textile group, involved in three businesses: Composites Reinforcements, Construction Reinforcements, Coatings & Films–Textiles. The privately held company my operates in France, Tunisia, the US and China to service its global customers.

The Group has a million-euro bonus under the regional development policy. “Chomarat is an independent, family-run group with strong ties to the region where it was established 120 years ago. We thank the government and all the local and regional authorities for their support,” said Mr Cognet.

www.chomarat.com

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