Hexcel Raising Prices on Honeycomb Cores

Dublin, CA, July 3, 2001 – Hexcel Composites today announced that prices for its Nomex® based HexWeb™ HRH®-10 honeycomb cores will be increased an average of 6%. These price rises are necessary as Hexcel's cost reduction efforts are no longer able to keep pace with the increasing raw material and energy costs associated with the manufacture of HexWeb HRH-10 products. These price changes will be reflected in all quotes effective immediately.

Hexcel Composites manufactures HexWeb HRH-10 in the USA and in Europe. Hexcel was the first company to manufacture structural honeycomb core materials on a commercial scale in 1948.

Hexcel Corporation is the world's leading advanced structural materials company. It develops, manufactures and markets lightweight, high-performance reinforcement products, composite materials and engineered products for use in commercial aerospace, space and defense, electronics, and industrial applications. Hexcel Composites is the composite materials manufacturing business unit of Hexcel, with production sites in Europe and the USA and sales offices at numerous locations worldwide.

Nomex® is a registered trademark of DuPont.

Contacts:

Marketing: Dale Newcomb, 925-847-9500 ext. 4240, dale.newcomb@hexcel.com

Media: Doreen Holmes, 925-847-9500 ext. 4228, doreen.holmes@hexcel.com