COMPANIES & STRATEGIES - INDUSTRY

High tech manufacturing

Euro-Composites outlines Echternach expansion plans



Christoph Herrmann, deputy CEO of Euro-Composites; Franz Fayot, economy minister; Crown Prince Guillaume; and Rolf Mathias Alter, president & CEO Euro-Composites, seen at the Euro-Composites facility in Echternach, 10 September 2019. Photo credit: Ministère de l’Économie

Christoph Herrmann, deputy CEO of Euro-Composites; Franz Fayot, economy minister; Crown Prince Guillaume; and Rolf Mathias Alter, president & CEO Euro-Composites, seen at the Euro-Composites facility in Echternach, 10 September 2019. Photo credit: Ministère de l’Économie

Euro-Composites Group aims to create 750 new jobs, including 450 at its Echternach site, by 2030.

Euro-Composites’s expansion plans were outlined during a visit by Crown Prince GuillaumeCrown Prince Guillaume and Luxembourg’s economy minister, Franz FayotFranz Fayot (LSAP), on Friday. The firm plans to invest “up to €150m” to enlarge manufacturing sites in Luxembourg, Germany and the US, the economy ministry said.

Euro-Composites manufactures parts made out of composite materials for the aerospace, satellite, rail and maritime sectors. Its Echternach facility is home to one of the world’s largest cleanrooms, the government stated.

The group currently has 1,082 employees working on 76,000 square metres of production space across the 3 sites, it stated in a presentation. In Echternach, the revamp includes refurbishment of its honeycomb production unit and construction of a new unit “dedicated to defence technology production.”