- March 23, 2018
- Posted by: adm
- Category: AmCham News
AmCham member Hexcel inaugurates a 35,000 square meter- plant in Midparc Casablanca
Headquartered in Stamford, Connecticut, Hexcel Corporation (NYSE: HXL) is a world leader in the carbon fiber field and composites for commercial and military aircraft. It employs over 5,300 people in nearly 24 production sites worldwide.
Hexcel Morocco invested US $20 million in its plant based in the industrial Midparc Casablanca Free Zone located close to Morocco’s Mohammed V airport and near several Hexcel customers including Safran (Aircelle), Airbus (STELIA), Matis (a joint venture between Boeing and Safran) and Bombardier.
The new facility is part of Hexcel’s ongoing worldwide investment to create a diversified and robust global supply chain to support aerospace customers’ growing demand for engineered core. Engineered core is formed and machined honeycomb materials used for light weighting in structural applications such as aircraft secondary structures, nacelles, and helicopter blades. In recent years, Hexcel has increased its capacity at existing plants to support its current engineered core business and plans further expansions to capture additional opportunities in a global market with excellent growth potential.
Hexcel’s Chairman, CEO and President, Nick Stanage, said: “We believe engineered core has an excellent growth outlook and global upside potential. This new plant will position us to win new business to supply engineered core for engines and nacelles and other commercial aero structure applications. We expect to partner more closely with our key customer base in Europe, Middle East, Africa and North America through this new Moroccan center of excellence.”
Hexcel Morocco is expected to create 200 jobs by the year 2020.
Hexcel joins the more than 115 multinational companies that have opened their doors in Morocco, relying on the country’s taxation incentives, attractive subsidies and its geographical location – proximity to Europe and crossroads from America.
The surge of the aviation industry in Morocco achieved US $I Billion in exports and registered a growth of 15% over the past five years. The sector has created over 15,000 jobs.