Mr. Moulay Hafid Elalamy, Minister of Industry, Trade, Investment and the Digital Economy, and Thierry Merlot, Vice Chairman and CEO of Hexcel for Europe, Asia and the Middle-east signed on 19 January 2016, a agreement on the creation by Hexcel of a site of 11,000 m² in Casablanca for the production of machined honeycomb. The project of US $ 20 million will begin in spring 2016. Thierry Merlot said the site should be fully operational in mid-2017 and employ more than 200 employees by 2020.