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17th July 2018, Stamford, CT

Hexcel and Gazechim agree on joint venture

Hexcel and Groupe Gazechim Composites to provide customised kitting services for advanced composite materials sold to aerospace customers. © Hexcel Corporation Hexcel Corporation and Groupe Gazechim Composites, an official Hexcel distributor for more than 20 years, have reached agreement to provide customised kitting services for advanced composite materials sold to aerospace and defence customers and for high-performance industrial applications.

The joint venture, named HexCut Services, brings together Hexcel, a leader in advanced composites, and Gazechim, a leader in distribution and logistics, to provide pan-European kitting services that will include Hexcel’s innovative carbon fibre prepreg and other composite materials, such as adhesives and fabrics for aerospace, defence and industrial applications. Pre-cut kits save customers time and investment, reduce inventory and minimize material losses through scrap reduction.

Gazechim’s existing kitting plant in Maulévrier, 75km east of Nantes, France, acquired in 2016, will be the initial hub for providing pre-cut kits to customers as well as central services in the future to a network of local kitting facilities in Europe.

“This is a great opportunity for us to join together with Gazechim, a trusted and well-established partner, to offer our leading advanced composite products to customers in a way that helps them become more productive and profitable,” commented Thierry Merlot, Hexcel President – Aerospace, Europe, MEA and Asia/Pacific.

Gazechim will own a majority share of the joint venture. “This project marks a new era between Hexcel and Gazechim and consolidates our long-term partnership of almost 20 years,” said Jean Guittard, Chairman Gazechim.

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

www.hexcel.com

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