August 2021 Group Watch: Hanwha Cimarron LLC to open New Manufacturing Plant
Hanwha Cimarron LLC, a maker of filament-wound carbon fiber tanks and pressure vessels, announced plans to invest $130 million to open a new manufacturing facility in Opelika, where it will create 261 new jobs. The new facility will help fuel the company’s growth in the carbon overwrap pressure vessel market, catering to the needs of industries including aerospace, drone, defense, marine, rail and gas transport and storage. In December 2020, South Korea-based Hanwha Solutions Corp. acquired Huntsville-based Cimarron Composites as part of a strategic expansion into the hydrogen energy business.
