Exel Composites

Exel Composites Plc (natively Exel Composites Oyj, formerly known as Exel Oyj)^[2] 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 company is listed on Nasdaq Helsinki.^[5]

Key Information

Native name	Exel Composites Oyj
Formerly	Exel Oyj
Company type	Julkinen osakeyhtiö
Traded as	Nasdaq Helsinki: EXL1V
Founded	1960; 66 years ago (1960)
Founder	Yrjö Aho
Headquarters	Mäntyharju , Finland
Area served	Worldwide
Key people	Paul Sohlberg (CEO)
Products	Composite profiles and tubes sports equipment (defunct)
Revenue	€103.8 million (2019)[1]
Operating income	€5.1 million (2019)[1]
Number of employees	648 (2019)[1]
Website	exelcomposites.com
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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][6]

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.^[7]

1. ^ ^{a b c} "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. ^ ^{a b} "About Exel Composites". Exel Composites. Archived from the original on 29 May 2012. Retrieved 28 May 2012.
4. ^ ^{a b c} 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.

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