Stamford, CT (NYSE) January 24th, 2005 - Hexcel's Composites GBU announces price increases across its carbon fiber-based product range, with immediate effect. The double digit percentage increases are dependent upon product form and will affect Hexcel's carbon fiber yarn, prepregs and other fiber-reinforced matrix products.
Bill Hunt, President of Hexcel's Composites Business Unit commented. "These price increases are now unavoidable due to increases in the costs of raw materials - and their limited availability. Increasing oil and other energy costs have further compounded the situation."
Hexcel thanks its customers for their understanding and continued support.
The company will honor existing signed contracts until the date of expiration.
Ends
Hexcel Corporation is a leading advanced structural materials company. It develops, manufactures and markets lightweight, high-performance reinforcement products, composite materials and composite structures for use in commercial aerospace, space and defense, electronics, and industrial applications.
For further information please contact:
Michael Bacal, Investor Relations
+1 203 969 0666 X426