LeMond Composites

LeMond Composites, based in Oak Ridge, Tennessee, plans to break ground this fall on a 100,000-square-foot addition to its 66,000-square-foot facility. The company has licensed carbon fiber manufacturing technologies from Oak Ridge National Laboratory and Deakin University.

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.

LeMond Composites inked an exclusive 20-year licensing agreement with Deakin University to commercialize carbon fiber technology, valued at $44 million.