Hexcel Corp (Hexcel) is an advanced composites company that develops, manufactures and markets lightweight, high-performance structural materials. Its product portfolio includes carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, engineered honeycomb, honeycomb, adhesives and composite structures.

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Hexcel continues to invest in new products and technology to augment its growth and productivity. Research and Technology (R&T) activities enable it to enhance its businesses worldwide. The company through R&T activities, maintains expertise in Polyacrylonitrile Precursor; Carbon Fiber; Reinforcements; Aerospace Matrix Development; Wind Energy and Industrial; Adhesives Development; Qualification and Testing; Additive manufacturing; Core and Panels; Thermoplastic Composites and Manufacturing Innovation Technology scientific disciplines related to worldwide business base. The company is currently developing higher-performing products and cost-effective production processes while focusing on the consistency of its products along with capital efficiency. During FY2023, the company completed the construction of its newest and largest R&T center Of excellence in Salt Lake City, Utah which is capable of supporting next-generation composite technology development for Commercial Aerospace, Space & Defense, and Industrial markets. This facility accounts for a size of 100,000 square feet and is located adjacent to its existing carbon fiber and prepreg manufacturing operations in Salt Lake City. In FY2023, it spent US$52.7 million on R&T, which as a percentage of revenue, stood at 2.9% and grew 15.1% YoY.