New plant in Austria to replace rented production
Pultruded composite profiles (Photo: Exel Composites)
Pultruded and wound composite profiles manufacturer Exel Composites (Mäntyharju / Finland; www.exelcomposites.com), plans to build a new, larger plant in Kapfenberg / Austria by mid-2020. The company is investing EUR 7m into the new production facility to replace the plant it is currently renting at the same location, which produces special profiles for the electrical and mechanical industries as well as the railway and paper processing sectors.

In 2016, Exel had put the schedule for a new building in Kapfenberg on hold due to a weak market situation. CEO Riku Kytömäki has now announced that the company is resuming the project.

At the end of April 2019, the Finns had closed their profile production in Voerde, near Duisburg / Germany. Exel expects this measure to lead to savings of EUR 1m as of 2020 – see Plasteurope.com of 15.02.2019.
28.06.2019 Plasteurope.com [242775-0]
Published on 28.06.2019
Exel Composites: Werksneubau in ÖsterreichGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 25.08.2019 21:56:26   (Ref: 323512959)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp