Exel Composites

Exel Composites Oyj
Company typeJulkinen osakeyhtiö
Nasdaq Helsinki: EXL1V
Founded1960 (1960)
FounderYrjö Aho
Headquarters
Mäntyharju
,
Finland
Area served
Worldwide
Key people
Paul Sohlberg (CEO)[1]
Products
  • Composite profiles and tubes
  • Sports equipment (defunct)
Revenue€103.8million (2019)[2]
€5.1million (2019)[2]
Number of employees
648 (2019)[2]
Websitewww.exelcomposites.com

Exel Composites Oyj (formerly known as Exel Oyj) is a Finnish technology company that designs, manufactures and markets composite profiles and tubes for industrial applications.[3] Exel was founded in 1960 by Yrjö Aho.[4]

The name Exel came from a combination of the words explosive electronics,[4] with the company initially producing electric blasting caps [4] The company later moved onto production of sports equipment, with a focus on ski poles, before diversifying into a wider range of composite products.[3][5]

In 2024, Exel has production plants in Finland (Joensuu and Mäntyharju), Austria (Kapfenberg), the USA (Erlanger), and China (Nanjing). In addition, the company has a plant in Goa, India through Kineco Exel Composites India, a joint venture between Exel Composites and Kineco Ltd.[6]

References

  1. ^ "Members of the Group Management Team". Exel Composites. Retrieved May 28, 2012.
  2. ^ a b c "Annual Report 2019" (PDF). Archived from the original (PDF) on 2020-06-12. Retrieved 2020-06-12.
  3. ^ a b "About Exel Composites". Exel Composites. Retrieved May 28, 2012.
  4. ^ a b c Tiainen, Olli-Pekka (January 5, 2001). "Räjähteistä ratakiskoihin". Taloussanomat (in Finnish). Sanoma News. Retrieved May 28, 2012.
  5. ^ Mikkonen, Antti (February 20, 2002). "Exel-samppaa Utahissa". Talouselämä (in Finnish). Talentum. Retrieved May 28, 2012.[permanent dead link‍]
  6. ^ "Kineco Exel to manufacture pultruded carbon fiber planks for Vestas". www.compositesworld.com. 2024-11-11. Retrieved 2024-11-15.


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