The agreement, signed by the global leader in composites along with the City of Echternach and SNCI (the National Credit and Investment Company) on 12 June, provides for an extension of the company’s Echternach-based premises, namely its admin and production buildings, as well as new equipment. 

In honour of the occasion, deputy prime minister and economy minister Etienne Schneider (LSAP) called Euro-Composites an “important industrial player”, further praising the company’s space sector activities which “show that space exploration and the use of space resources attract startups on one hand, but also present a growing opportunity for established industrial companies mastering in advanced technologies.”

Euro-Composites Group, which achieved a 2018 turnover of €179m, currently boasts 850 employees in grand duchy.