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Hexcel

#2551

Rank

$5.46B

Marketcap

US United States

Country

Hexcel
Leadership team

Mr. Nick L. Stanage (Chairman, Pres & CEO)

Mr. Patrick Joseph Winterlich (Exec. VP, CFO & Acting Corp. Controller)

Ms. Gail Eileen Lehman (Exec. VP, Gen. Counsel & Sec.)

Products/ Services
Aerospace, Industrial
Number of Employees
1,000 - 20,000
Headquarters
Stamford, Connecticut, United States
Established
1948
Company Registration
SEC CIK number: 0000717605
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
HXL
Social Media
Overview
Location
Summary
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
History

1948–1970s

Hexcel, originally named the California Reinforced Plastics Company, was founded in 1948 by a group of engineers from the University of California at Berkeley. The company's first contract was for the research and development of honeycomb materials for use in radar domes on military aircraft. In 1954, the company changed its name to Hexcel Products, Inc. The name was derived from the hexagonal cell-shaped honeycomb materials manufactured by the company.In the 1960s, Hexcel sold aluminum honeycomb and pre-impregnated fiberglass to Hubert A. Zemke and Dave McCoy for use in building skis.Hexcel expanded from military and commercial aviation to the United States space program. The landing pads on the lunar module Apollo 11 that carried men to the moon in 1969 were built from Hexcel honeycomb materials.In 1970, Hexcel licensed the ski from McCoy. A few years later, Hexcel decided to focus on its core aerospace business and sold the ski enterprise to Hanson Boots.

1980s–2000

In the 1980s, Hexcel purchased Stevens-Genin S.A., a French company that manufactured glass-fiber and woven industrial materials.In 1981, it provided materials for the nose, doors and wings of the space shuttle Columbia. In 1986, Hexcel made most of the material used in the fuselage and wings of the aircraft Voyager – the first aircraft to make a nonstop, around-the-world trip on a single tank of fuel.

2000–2019

In 2017, Hexcel was selected by Airbus to supply the composite materials for the H160 helicopter's fuselage structures and rotor blades. 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.In March 2018, Hexcel opened its manufacturing facility at the MidParc Free Trade Zone in Casablanca, Morocco. 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. 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.Also in 2018, Hexcel opened a carbon fiber plant at the Les Roches-Roussillon Chemicals Industry Platform in Isère, France. The plant is based at the Osiris Chemicals Industry Platform. Hexcel's composite materials were used as part of a new boat design used in the Tour de France à la voile.In July 2018, Hexcel opened an integrated factory in Salaise-sur-Sanne near Lyon, manufacturing polyacrylonitrile , the carbon fiber precursor, the second after its Decatur, Alabama plant.

In December 2018, Hexcel announced the hiring of Colleen Pritchett as President - Aerospace, in America. In March 2019, Hexcel partnered with Lavoiseier Composites to up-cycle composite by-products to reduce CO2 emissions of 13 kg per kg of Carbonium used.

Mission
To develop advanced composite materials to reduce weight, improve performance and increase the sustainable production of structural components for use in commercial, military and space applications.
Vision
To develop the most innovative materials and products for the next generation of advancements in composites technology.
Key Team

Mr. Thierry Philippe Merlot (Pres of Aerospace - Europe, MEA/AP & Industrial)

Mr. Paul Dominic Mackenzie (Sr. VP & CTO)

Ms. Amy S. Evans (Sr. VP & Chief Accounting Officer)

Mr. Don Morrison (Sr. VP & Chief Information Officer)

Mr. Kurt Goddard (VP of Investor Relations)

Mr. Michael J. MacIntyre (VP & Treasurer)

Ms. Gina Calvario Fitzsimons (Exec. VP & Chief HR Officer)

Recognition and Awards
Hexcel has been recognized for its excellence in research, engineering, and manufacturing of composite materials. The company has been awarded USGovEcoStar and USGBC Leadership in Environmental Design Awards.
References
Hexcel
Leadership team

Mr. Nick L. Stanage (Chairman, Pres & CEO)

Mr. Patrick Joseph Winterlich (Exec. VP, CFO & Acting Corp. Controller)

Ms. Gail Eileen Lehman (Exec. VP, Gen. Counsel & Sec.)

Products/ Services
Aerospace, Industrial
Number of Employees
1,000 - 20,000
Headquarters
Stamford, Connecticut, United States
Established
1948
Company Registration
SEC CIK number: 0000717605
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
HXL
Social Media