Hexcel
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Company type | Public |
---|---|
Industry | Commercial aerospace, space and defense and industrial |
Founded | 1948 |
Founders | Roger C. Steele & Roscoe T. Hughes |
Headquarters | , U.S. |
Area served | Worldwide |
Key people | Nick L. Stanage (Chairman, CEO, and President) |
Products | Composite materials |
Revenue | US$1.32 billion(2021) |
US$72 million (2021) | |
US$16.1 million (2021) | |
Number of employees | 4800+ |
Website | hexcel |
Hexcel Corporationis an Americanpublicindustrial materials company, based inStamford, Connecticut.The company develops and manufactures structural materials. Hexcel was formed from the combination of California Reinforced Plastics (founded 1948), Ciba Composites (acquired 1995) and Hercules Composites Products Division (acquired 1995). The company sells its products in commercial, military and recreational markets for use in commercial and militaryaircraft,space launch vehiclesandsatellites,wind turbineblades,sports equipmentandautomotiveproducts. Hexcel works withAirbus Group,The Boeing Company,and others.[1]Since 1980, the firm has publicly traded on theNew York Stock Exchangeunder the ticker symbol HXL.[2]
History
[edit]1948–1970s
[edit]Hexcel, originally named the California Reinforced Plastics Company, was founded in 1948 by a group of engineers from theUniversity of California at Berkeley.[citation needed]The company's first contract was for the research and development of honeycomb materials for use in radar domes on military aircraft.[3]In 1954, the company changed its name toHexcel Products, Inc.The name was derived from the hexagonal cell-shaped honeycomb materials manufactured by the company.[4]
In the 1960s, Hexcel sold aluminum honeycomb and pre-impregnated fiberglass to Hubert A. Zemke andDave McCoyfor use in building skis.[5]
Hexcel expanded from military and commercial aviation to theUnited States space program.The landing pads on the lunar moduleApollo 11that carried men to the moon in 1969 were built from Hexcel honeycomb materials.[6][7][8]
In 1970, Hexcel licensed the ski from McCoy.[9]A few years later, Hexcel decided to focus on its core aerospace business and sold the ski enterprise to Hanson Boots.[citation needed]
1980s–2000
[edit]In the 1980s, Hexcel purchased Stevens-Genin S.A., a French company that manufactured glass-fiber and woven industrial materials.[3][10]
In 1981, it provided materials for the nose, doors and wings of theSpace ShuttleColumbia.[11][12]In 1986, Hexcel made most of the material used in the fuselage and wings of theRutan Voyager– the first aircraft to make a nonstop, around-the-world trip on a single tank of fuel.[4]
2000–2019
[edit]In 2017, Hexcel was selected by Airbus to supply the composite materials for the H160 helicopter's fuselage structures and rotor blades.[13]Hexcel acquired the aerospace and defense business of Oxford Performance Materials, a manufacturer of carbon fiber-reinforced 3D printed parts for commercial aerospace and space and defense applications.[14]
In March 2018, Hexcel opened its manufacturing facility at the MidParc Free Trade Zone inCasablanca, Morocco.[15]The facility oversees the transformation of lightweight honeycomb materials into engineered core parts for aircraft structures, engine nacelles and helicopter blades. Hexcel also signed a strategic alliance with Arkema in Colombes, France, to combine work in carbon fiber and PEKK.[16]The alliance will result in a joint research and development laboratory in France. The companies aim to develop carbon fiber-reinforced thermoplastic tapes to produce lightweight parts for aircraft.[17]
Also in 2018, Hexcel opened a carbon fiber plant at the Les Roches-Roussillon Chemicals Industry Platform inI sắc re,France.[18]The plant is based at the Osiris Chemicals Industry Platform.[19]Hexcel's composite materials were used as part of a new boat design used in theTour de France à la voile.[20]
In July 2018, Hexcel opened an integrated factory inSalaise-sur-SannenearLyon,manufacturingpolyacrylonitrile(PAN), the carbon fiber precursor, the second after itsDecatur, Alabamaplant.
In December 2018, Hexcel announced the hiring of Colleen Pritchett as President - Aerospace, in America.[21]In March 2019, Hexcel partnered with Lavoiseier Composites to up-cycle composite by-products to reduce CO2emissions of 13 kg per kg of Carbonium used.[22]
Financial data
[edit]Annual Financials | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Sales/Revenue | 1.99B | 2.19B | 2.37B | 1.51B | 1.32B |
Cost of Goods Sold | 1.42B | 1.61B | 1.72B | 1.26B | 1.07B |
Gross Income | 572M | 581.7M | 650.5M | 243.3M | 248.9M |
Acquisitions
[edit]- 1996 – Ciba Composites[24]
- 1996 – Hercules Composites Products Division[25]
- 1997 – Fiberite satellite prepreg business[26]
- 2017 – Oxford Performance Materials Aerospace & Defense Business[27]
- 2017 – Structil SA[28]
- 2018 - ARC Technologies[29]
References
[edit]- ^"Composites Will Have Big Presence at 2017 Paris Air Show".Composites Manufacturing.June 19, 2017.
- ^Chakachery, E. A.; Bradley, W. L. (1987). "A comparison of the crack tip damage zone for fracture of Hexcel F185 neat resin and T6T145/F185 composite".Polymer Engineering and Science.27:33–40.doi:10.1002/pen.760270106.
- ^ab"History of Hexcel Corporation Universe".FundingUniverse.RetrievedSeptember 10,2018.
- ^abPollack, Andrew (October 15, 1986)."Hexcel's Honeycomb Success".The New York Times.RetrievedAugust 30,2018.
- ^"Hexcel".The Ski Journal.RetrievedAugust 30,2018.
- ^Doengi, F.; Burnage, S.T.; Cottard, H. & Roumeas, R. (February 1998)."Lander Shock-Alleviation Techniques"(PDF).ESA Bulletin(93).
- ^"Hexcel".The Republican Herald.September 28, 2017. Archived fromthe originalon August 31, 2018.RetrievedAugust 31,2018– via PressReader.
- ^Stamatopoulos, Ioannis (July 18, 2016)."Hexcel: Time Is A Friend Of This Wonderful Company".Seeking Alpha.RetrievedAugust 31,2018.
- ^"Dave McCoy, founder of Mammoth Mountain, dies at 104".Orange County Register.February 9, 2020.RetrievedJune 30,2020.
- ^Cohendet, Patrick; Ledoux, Marc J.; Zuscovitch, Ehud (December 6, 2012).New Advanced Materials.Springer. p. 120.ISBN9783540194149.
- ^"Hexcel anniversary in 2008 marked by investment".JEC Composites.April 18, 2011.RetrievedSeptember 10,2018.
- ^"Hexcel Corporation - Company Profile, Information, Business Description, History, Background Information".Reference for Business.RetrievedSeptember 10,2018.
- ^"Hexcel flying high with Airbus and Boeing".Inside Composites.RetrievedSeptember 17,2018.
- ^Black, Sara."Hexcel acquires Oxford Performance Materials".Composites World.RetrievedSeptember 18,2018.
- ^Francis, Scott."Hexcel celebrates Casablanca facility grand opening".Composites World.RetrievedOctober 17,2018.
- ^Francis, Scott."Hexcel and Arkema partner to develop aerospace thermoplastic composites".Composites World.RetrievedOctober 19,2018.
- ^Francis, Scott."Hexcel and Arkema partner to develop aerospace thermoplastic composites".Composites World.RetrievedOctober 22,2018.
- ^"Hexcel opens carbon fiber plant".Materials Today.RetrievedJune 30,2020.
- ^"Hexcel opens new carbon fibre production line".Inside Composites.RetrievedOctober 8,2018.
- ^Black, Sara."Flexible cure prepreg finds use in marine and wind".Composites World.RetrievedOctober 10,2018.
- ^Borneman, Jim (December 6, 2018)."Hexcel Hires Colleen Pritchett As President".Textile World.RetrievedDecember 10,2018.
- ^"Hexcel and Lavoisier Composites Form Alliance to Up-Cycle Composite By-Products".NetComposites.March 13, 2019.RetrievedMarch 14,2019.
- ^"Hexcel Corp".Market Watch.RetrievedMay 2,2022.
- ^Fisher, Lawrence M. (July 13, 1995)."Hexcel to Combine With Ciba Composites Unit".The New York Times.RetrievedSeptember 14,2018.
- ^Jones, Dow (April 17, 1996)."Company News; Hexcel Bids $135 Million For Hercules Unit".The New York Times.RetrievedSeptember 14,2018.
- ^"Hexcel Corporation".The New York Times.RetrievedSeptember 14,2018.
- ^Zimmerman, Kevin (December 19, 2017)."Hexcel completes Oxford Performance Materials acquisition".Westfair Communications.RetrievedSeptember 28,2018.
- ^Sloan, Jeff."JEC World 2018 preview: Hexcel".Composites World.RetrievedSeptember 28,2018.
- ^"Hexcel to Acquire ARC Technologies".NetComposites.December 5, 2018.RetrievedJanuary 2,2019.
- Manufacturing companies established in 1948
- Companies listed on the New York Stock Exchange
- Manufacturing companies based in Connecticut
- Companies based in Stamford, Connecticut
- Aerospace materials
- Aerospace companies of the United States
- American companies established in 1948
- 1980s initial public offerings
- Cleanroom technology
- Companies in the S&P 400