OCSiAl’s investment will total about EUR 80 to 100 million and the project is expected to generate up to 200 highly qualified jobs in R&D, manufacturing, sales and marketing, maintenance and support services.

“The implementation of the new OCSiAl production and R&D facilities in Luxembourg confirms that the Grand Duchy is a destination of choice for investment by international hi-tech companies and for R&D activities. This project is in line with our economic diversification policy, which focuses on the sector of innovative materials and on research-intensive activities, and I am confident that the new OCSiAl operations in Luxembourg will be a great opportunity to further enhance the recognition of our composite materials competence centre,” commented Etienne Schneider, the Deputy Prime Minister and Minister of the Economy.

Read the full article on our Inside Composites website