Dan Hemmert, Secretary-General of the Utah Governor’s Department of Economic Development GOED, said: “Their decision to grow here will create many high-paying jobs for Utahns in skilled science and advanced technology. Hexcel will further develop the Utah workforce and make employees successful. There are also excellent training programs that will help you develop the skills you need to do. “
Hexcel is a world leader in additive manufacturing components for carbon fiber, textile reinforcements, resins, prepregs, honeycombs, and commercial aerospace, space and defense, and industrial market customers. is. The new R and T Centers are the company’s largest centers for innovation and product development in North America, a showcase of the company’s advanced composite technologies, and provide space for future growth and expansion. The company’s existing operations in West Valley City include the world’s largest high-performance carbon fiber manufacturing facility. The site also houses the company’s US aerospace matrix business. Currently, about 600 people work on this site.
Nick Stanage, Chairman, Chief Executive Officer and President of Hexcel, said: “This new site provides our customers with the opportunity to expand our research, expand our portfolio and collaborate with us on the latest combined technology development for aerospace, space and defense, and industrial applications. It provides the coveted room. “
Hexcel may earn up to 25% of the new state tax paid over the 12 years of the contract in the form of an Utah State Parliament-approved Economic Development Tax Credit (EDTIF) tax credit. GOED Board Approves Post-Performance Tax Credits Not Exceeding $ 1,531,318
The GOED Board has also approved an Industrial Assistance Fund Economic Opportunity Grant of up to $ 200,000 for infrastructure-related costs. This grant provides infrastructure support for the Hexcel site and helps create better access to the region.
Teresa a Foxley, President and Chief Executive Officer of the Utah State Economic Development Corporation, said: “We are thrilled with the company’s continued investment in the state.”
Fiber2Fashion News Desk (SV)
Hexcel Corporation, a world leader in advanced composite technology, has established the Flagship Center of Excellence (R and T) for Research Technology to support the next generation of advanced composite technology development in Utah. I am. This will add up to 150 new high-paying jobs over the next 12 years and develop the Utah workforce.
Hexcel, USA Establishes Composite Materials Center of Excellence in Utah
Source link Hexcel, USA Establishes Composite Materials Center of Excellence in Utah