Euro-Composites will extend its production halls and administrative buildings on the Echternach site and acquire new state-of-the-art equipment during the period 2020-2030. The strongly research and innovation-oriented company pursues its investment policy with the goal to remain a leader in highly competitive markets such as aviation and space.
The Euro-Composites group already employs almost 1,100 people worldwide of which 850 are working in Luxembourg. These investments are expected to result in at least 100 new jobs and are part of the company’s strategy for sustainable development. The collaboration agreement between the company and its public partners confirms the conviction of its management that Luxembourg is an excellent location for innovative companies. It also underlines the commitment of Luxembourg authorities to continuously develop high-tech industries.