Hexcel Corporation is exploring strategic options for its operations in Neumarkt, Austria, which have historically produced composite materials for the global industrial market. These materials served sectors such as wind energy, marine, winter sports, and automotive since 1947.
The company's intention is to refocus its industrial business around preferred carbon fiber applications that align more closely with its core competencies. This strategic review aims to streamline Hexcel's portfolio and enhance its overall business focus.
Hexcel is currently in a process to find a suitable successor for the Neumarkt plant. The company has stated it cannot comment further until this process is completed.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.