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Hexcel plans to make first fiber on new Spanish line
22 Apr '08
3 min read
We are accelerating our plans for adding capacity to support what we now see as the continued strong demand. We are now making first fiber on our new Spanish line, and have begun to qualify product from our new German and French prepreg plants. We expect each of them to cover their incremental costs in the second half of this year.
The new China prepreg plant for wind energy and our next carbon fiber line are expected to begin production by October.
We are now targeting the remaining tranche of our previously announced carbon fiber and precursor capacity to come on line in the second half of next year versus the original 2010 target."
"We are in discussions with all of our customers who serve the B787 to understand their demand plans for the coming quarters.
While it's too early to comment on the impact of the delay to our sales, we have updated our estimated sales content per B787 to now be in the $1.3 - $1.6 million range, up from prior estimates of $1.0 - $1.3 million.
A380 sales continued their steady recovery though they are still below the levels in the first half of 2006. Despite the recent negative news about U.S. airline profitability and the economy in general, Airbus and Boeing continue to expand their huge backlog with reported first quarter orders exceeding deliveries by 2.5 times."
"We are reaffirming all of our guidance targets including operating margins of 12 - 12.5% even though sales inflated bycurrent exchange rates could depress the ratio and the B787 schedule impact is likely to reduce our near term outlook for that program. We now expect our full year earnings to be at the high end of the $0.90-$0.95 range."
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The new China prepreg plant for wind energy and our next carbon fiber line are expected to begin production by October.
We are now targeting the remaining tranche of our previously announced carbon fiber and precursor capacity to come on line in the second half of next year versus the original 2010 target."
"We are in discussions with all of our customers who serve the B787 to understand their demand plans for the coming quarters.
While it's too early to comment on the impact of the delay to our sales, we have updated our estimated sales content per B787 to now be in the $1.3 - $1.6 million range, up from prior estimates of $1.0 - $1.3 million.
A380 sales continued their steady recovery though they are still below the levels in the first half of 2006. Despite the recent negative news about U.S. airline profitability and the economy in general, Airbus and Boeing continue to expand their huge backlog with reported first quarter orders exceeding deliveries by 2.5 times."
"We are reaffirming all of our guidance targets including operating margins of 12 - 12.5% even though sales inflated bycurrent exchange rates could depress the ratio and the B787 schedule impact is likely to reduce our near term outlook for that program. We now expect our full year earnings to be at the high end of the $0.90-$0.95 range."
Click here to view more:
Hexcel Corporation
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