15.11.2005 14:20:00

Hexcel Building Carbon Fiber Plant in Europe

Hexcel Corporation (NYSE/PCX: HXL) today provideddetails of its previously announced capacity expansion forMagnamite(R) carbon fiber. As part of that program, Hexcel is buildinga carbon fiber plant near Madrid, Spain. In the United States, theCompany is adding an additional carbon fiber line to its Salt LakeCity, UT facility and additional capacity at its Decatur, AL facility.The new U.S. line will be aerospace qualified by the end of 2007 andthe Spanish line in 2008.

These additional carbon fiber manufacturing lines constitute thepreviously announced $100 million project that will increase Hexcel'sglobal carbon fiber capacity by about 50%. Approximately half of thiscapacity expansion will be provided by the new Spanish plant, whereone carbon fiber line will be installed initially, with space to addfurther lines as required to meet demand from new programs. Hexcel isthe leader in advanced composite materials for aerospace and also is aleading producer of high strength and intermediate modulus carbonfibers used in military and commercial aircraft, launch vehicles andsatellites.

Mr. David E. Berges, Hexcel's Chairman, President and CEO said,"The large increase in carbon fiber composites usage in commercial andmilitary aircraft is driving Hexcel to expand its manufacturingcapacity to support growing customer demand. Hexcel is already theworld's largest producer of intermediate modulus carbon fiber, a typeof fiber that is being increasingly specified in new aerospaceprograms, and we are pleased to establish European manufacturing ofcarbon fiber to complement our existing and expanded capacity in theUnited States. With this expansion, we should be very well positionedto support the growth in our European customers' product requirementssuch as the full range of Airbus commercial airliners, business jetsfrom Dassault, engine nacelles from Aircelle, helicopters fromEurocopter and other military aircraft from EADS."

Hexcel Corporation is a leading advanced structural materialscompany. It develops, manufactures and markets lightweight,high-performance reinforcement products, composite materials andcomposite structures for use in commercial aerospace, space anddefense, electronics, and industrial applications.

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