Deakin University and LeMond Composites Join Forces

June 26 2017

Deakin University has paved the way to dramatically cut the cost of carbon fiber manufacturing, joining forces with LeMond Composites in a $US44 million deal to revolutionize its use across the world.

The partnership allows LeMond Composites to license technology developed by Deakin’s world-leading carbon fiber research center, Carbon Nexus.

LeMond Composites will also consider the development of a carbon fiber manufacturing plant in Geelong, which would invest more than $30 million in construction and equipment, and create dozens of jobs for Geelong manufacturers to take the carbon fiber of the future to the global market.

The specialized carbon fiber production machinery for the plant will be manufactured by Furnace Engineering in Clayton, Victoria.

For identifying growth opportunities in the global Carbon Fiber Market, please visit

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