Nanoxplore expands capacity in Quebec plant to accommodate higher customer volumes
NanoXplore has announced that it has increased the production capacity of its St-Clotilde, Quebec plant to meet an existing customer’s need for increased graphene-enhanced SMC parts in an active program.
This capacity expansion, which is part of its 5-year strategic plan and related to the SMC lightweighting initiative, begins immediately. This expansion, in two phases, will contribute $2 Million in incremental revenues during calendar 2024 and once fully scaled-up, is expected to contribute $8 Million to $10 Million annually beginning in 2025.