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]
 | |
| Company type | Julkinen osakeyhtiö |
|---|---|
| Nasdaq Helsinki: EXL1V | |
| Founded | 1960 |
| Founder | Yrjö Aho |
| Headquarters | , |
Area served | Worldwide |
Key people | Paul Sohlberg (CEO)[1] |
| Products |
|
| Revenue | €103.8million (2019)[2] |
| €5.1million (2019)[2] | |
Number of employees | 648 (2019)[2] |
| Website | www.exelcomposites.com |
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
edit- ^ "Members of the Group Management Team". Exel Composites. Retrieved May 28, 2012.
- ^ a b c "Annual Report 2019" (PDF). Archived from the original (PDF) on 2020-06-12. Retrieved 2020-06-12.
- ^ a b "About Exel Composites". Exel Composites. Retrieved May 28, 2012.
- ^ a b c Tiainen, Olli-Pekka (January 5, 2001). "Räjähteistä ratakiskoihin". Taloussanomat (in Finnish). Sanoma News. Retrieved May 28, 2012.
- ^ Mikkonen, Antti (February 20, 2002). "Exel-samppaa Utahissa". Talouselämä (in Finnish). Talentum. Retrieved May 28, 2012.[permanent dead link]
- ^ "Kineco Exel to manufacture pultruded carbon fiber planks for Vestas". www.compositesworld.com. 2024-11-11. Retrieved 2024-11-15.
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