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Exel Composites

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Finnish technology company

Exel Composites Plc
Native nameExel Composites Oyj
FormerlyExel Oyj
Company typeJulkinen osakeyhtiö
Traded asNasdaq Helsinki: EXL1V
Founded1960; 65 years ago (1960)
FounderYrjö Aho
HeadquartersMäntyharju, Finland
Area servedWorldwide
Key peoplePaul Sohlberg (CEO)
Products
  • Composite profiles and tubes
  • sports equipment (defunct)
Revenue€103.8 million (2019)
Operating income€5.1 million (2019)
Number of employees648 (2019)
Websiteexelcomposites.com

Exel Composites Plc (natively 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. Exel was founded in 1960 by Yrjö Aho. The company is listed on Nasdaq Helsinki.

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

In 2024, Exel has production plants in Finland (Joensuu and Mäntyharju), Austria (Kapfenberg), the United States (Erlanger, Kentucky), 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.

References

  1. ^ "Annual Report 2019" (PDF). Exel Composites. Archived from the original (PDF) on 12 June 2020. Retrieved 12 June 2020.
  2. "Exel Composites Oyj". Kauppalehti (in Finnish). Retrieved 27 December 2024.
  3. ^ "About Exel Composites". Exel Composites. Archived from the original on 29 May 2012. Retrieved 28 May 2012.
  4. ^ Tiainen, Olli-Pekka (5 January 2001). "Räjähteistä ratakiskoihin". Taloussanomat (in Finnish). Sanoma News. Archived from the original on 13 February 2013. Retrieved 28 May 2012.
  5. "Exel Composites Oyj (EXL1V), FI0009007306". Nasdaq. Retrieved 27 December 2024.
  6. Mikkonen, Antti (20 February 2002). "Exel-samppaa Utahissa". Talouselämä (in Finnish). Talentum. Archived from the original on 14 September 2012. Retrieved 28 May 2012.
  7. "Kineco Exel to manufacture pultruded carbon fiber planks for Vestas". CompositesWorld. 11 November 2024. Retrieved 15 November 2024.
Companies listed on Nasdaq Helsinki
List of companies of Finland • OMX Helsinki 25 • Companies listed on Nasdaq Helsinki
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