# LeMond Composites to build carbon fiber facility in Oak Ridge

LeMond Composites plans to begin construction of a new commercial carbon fiber facility in Oak Ridge, Tennessee, this year. The company also entered into a $44 million licensing agreement with Deakin University for a low-cost carbon fiber production process.

- Type: New facility
- Announced: 2017-06-23
- Where: Oak Ridge, Tennessee, United States
- Value: $44.0M
- Status: announced
- Products: carbon fiber composites
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LeMond Composites](https://endata.com/companies/25117.md)
- [Deakin University](https://endata.com/companies/25118.md) (partner)

## Sources

- [nawindpower.com](https://nawindpower.com/tour-de-france-champion-lemond-founds-carbon-fiber-company-eye-toward-wind-blades), 2017-06-23: "LeMond also plans to begin construction of a new commercial carbon fiber facility in Oak Ridge; construction will begin this year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.