SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
  
                                  FORM 8-K
  
                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934
  
  
                       July 30, 1998 (July 25, 1998)
              ________________________________________________
              Date of report (Date of earliest event reported)
  
  
                             Hexcel Corporation
           ______________________________________________________
             (Exact Name of Registrant as Specified in Charter)
  
  
    Delaware               1-8472                 94-1109521 
 ______________     _____________________      __________________ 
 (State of          (Commission File No.)      (IRS Employer 
 Incorporation)                                Identification No.) 
  
  
                             Two Stamford Plaza
                           281 Tresser Boulevard
                      Stamford, Connecticut 06901-3238
        ____________________________________________________________
           (Address of Principal Executive Offices and Zip Code)
  
  
                               (203) 969-0666 
            ____________________________________________________ 
            (Registrant's telephone number, including area code) 
  
                                    N/A 
       _____________________________________________________________ 
       (Former Name or Former Address, if Changed Since Last Report) 
                                            


 Item 5.   Other Events. 
  
           On July 25, 1998, Hexcel Corporation (the "Company") entered into
 an Asset Purchase Agreement by and among the Company (as buyer), Stamford
 CS Acquisition Corp., Clark-Schwebel Holdings, Inc., and Clark-Schwebel,
 Inc., a copy of which is filed as Exhibit 2.1 to this Current Report and
 which is incorporated herein by reference.  A copy of the related press
 release issued by the Company on July 26, 1998 is filed as Exhibit 99.1 to
 this Current Report and is incorporated herein by reference. 
  
  
 Item 7.   Financial Statements, Pro Forma  
           Financial Information and Exhibits. 
  
      (c)  Exhibits 
  
            2.1                Asset Purchase Agreement by and among the
                               Company, Stamford CS Acquisition Corp.,
                               Clark-Schwebel Holdings, Inc. and Clark-
                               Schwebel, Inc. dated as of July 25, 1998 
  
           99.1                Press Release issued by the Company on July
                               26, 1998 
  

                                 Signatures
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
 as amended, the Registrant has duly caused this report to be signed on its
 behalf by the undersigned hereunto duly authorized. 
  
 Dated:  July 30, 1998 
  
  
                        HEXCEL CORPORATION 
  
                        By: /s/ Ira J. Krakower           
                            ____________________________
                           Name:  Ira J. Krakower 
                           Title: Senior Vice President, 
                                  General Counsel and 
                                  Secretary 
                                            

                              EXHIBIT INDEX
  
  
 Exhibit No.              Description 
  
  2.1                     Asset Purchase Agreement by and among the Company,
                          Stamford CS Acquisition Corp., Clark-Schwebel
                          Holdings, Inc. and Clark-Schwebel, Inc. dated as
                          of July 25, 1998 
  
 99.1                     Press Release issued by the Company on July 26,
                          1998
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3884}]
{"company-data": {"conformed-name": "HEXCEL CORP /DE/", "cik": "0000717605", "assigned-sic": "3460", "irs-number": "941109521", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08472", "film-number": "98674229"}, "business-address": {"street1": "281 TRESSER BOULEVARD", "street2": "C/O TWO STAMFORD PLZ", "city": "STAMFORD", "state": "CT", "zip": "06901", "phone": "2039690666"}, "mail-address": {"street1": "5794 W LAS POSITAS BLVD", "city": "PLEASANTON", "state": "CA", "zip": "945888781"}}
SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549
  
                                  FORM 8-K
  
                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934
  
  
                       July 30, 1998 (July 25, 1998)
              ________________________________________________
              Date of report (Date of earliest event reported)
  
  
                             Hexcel Corporation
           ______________________________________________________
             (Exact Name of Registrant as Specified in Charter)
  
  
    Delaware               1-8472                 94-1109521 
 ______________     _____________________      __________________ 
 (State of          (Commission File No.)      (IRS Employer 
 Incorporation)                                Identification No.) 
  
  
                             Two Stamford Plaza
                           281 Tresser Boulevard
                      Stamford, Connecticut 06901-3238
        ____________________________________________________________
           (Address of Principal Executive Offices and Zip Code)
  
  
                               (203) 969-0666 
            ____________________________________________________ 
            (Registrant's telephone number, including area code) 
  
                                    N/A 
       _____________________________________________________________ 
       (Former Name or Former Address, if Changed Since Last Report) 
                                            

 Item 5.   Other Events. 
  
           On July 25, 1998, Hexcel Corporation (the "Company") entered into
 an Asset Purchase Agreement by and among the Company (as buyer), Stamford
 CS Acquisition Corp., Clark-Schwebel Holdings, Inc., and Clark-Schwebel,
 Inc., a copy of which is filed as Exhibit 2.1 to this Current Report and
 which is incorporated herein by reference.  A copy of the related press
 release issued by the Company on July 26, 1998 is filed as Exhibit 99.1 to
 this Current Report and is incorporated herein by reference. 
  
  
 Item 7.   Financial Statements, Pro Forma  
           Financial Information and Exhibits. 
  
      (c)  Exhibits 
  
            2.1                Asset Purchase Agreement by and among the
                               Company, Stamford CS Acquisition Corp.,
                               Clark-Schwebel Holdings, Inc. and Clark-
                               Schwebel, Inc. dated as of July 25, 1998 
  
           99.1                Press Release issued by the Company on July
                               26, 1998 
  

                                 Signatures
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
 as amended, the Registrant has duly caused this report to be signed on its
 behalf by the undersigned hereunto duly authorized. 
  
 Dated:  July 30, 1998 
  
  
                        HEXCEL CORPORATION 
  
                        By: /s/ Ira J. Krakower           
                            ____________________________
                           Name:  Ira J. Krakower 
                           Title: Senior Vice President, 
                                  General Counsel and 
                                  Secretary 
                                            

                              EXHIBIT INDEX
  
  
 Exhibit No.              Description 
  
  2.1                     Asset Purchase Agreement by and among the Company,
                          Stamford CS Acquisition Corp., Clark-Schwebel
                          Holdings, Inc. and Clark-Schwebel, Inc. dated as
                          of July 25, 1998 
  
 99.1                     Press Release issued by the Company on July 26,
                          1998