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4/21/2017 | 1 MINUTE READ

Chomarat announces 35 million euro investment plan

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Part of the development strategy will focus on two new sectors for the company: aerospace and automotive.

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The international industrial textile group Chomarat (Le Cheylard, France) announced an investment plan worth 35 million euros over a three-year period to boost innovation and modernize its French sites in the Ardèche region. This investment will enable Chomarat to acquire new technologies for its composite, construction and coating activities. It will also be used to modernize its site dedicated to the production of glass fiber reinforcements, and to develop carbon solutions.

“Innovation is what makes us competitive both in France and abroad, and it drives our growth, so it is a core priority for the group,” says Chomarat Group Managing Director Michel Cognet. Chomarat cooperates with universities and technical centers all over the world and it also sponsors a number of French and European collaborative projects.

Cognet stated that while Chomarat already has a foothold in a number of markets, such as marine, energy, sports equipment, construction and luxury goods, through this program, “we are choosing to focus our development strategy on two new sectors: aerospace and automotive,” he says.
 In the automotive sector, the innovations will focus on carbon fiber reinforcements, which help to lower the weight of vehicles, and on thermoplastic coatings for dashboards.

The group has a million-euro bonus under the regional development policy. “Chomarat is an independent, family-run group with strong ties to the region where it was established 120 years ago. We thank the government and all the local and regional authorities for their support,” Cognet says. 

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