- Business
- Exel Composites Oyj is a Finland-based technology company specializing in the design, manufacture, and marketing of composite profiles and tubes for industrial applications. Its core product portfolio includes carbon fiber and glass fiber tubes, pultruded composite profiles, archery laminates and limbs, conduit rods, frangible masts and towers for airport approach lighting, as well as customized and standard composite profiles. The company serves multiple industrial segments including wind power, transportation, building and infrastructure, energy, telecommunications, paper and electrical industries, and cleaning and maintenance. It leverages advanced pultrusion and pullwinding technologies to deliver lightweight, durable, and high-performance composite solutions globally, with a significant presence in Europe, North America, and Asia-Pacific. Founded in 1960 and headquartered in Helsinki, Finland, Exel Composites also operates subsidiaries and a global manufacturing footprint.
Recent major developments include a multi-year frame agreement signed in 2025 with De Angeli Prodotti for the supply of composite conductor cores valued at a minimum of EUR 25 million, marking a strategic partnership in the electrical transmission sector. The company underwent a strategic factory network optimization in 2024, including the closure of its Oudenaarde factory in Belgium, as part of an ongoing operational transformation to increase factory utilization and improve profitability. Exel Composites has launched new composite product applications for fast-growing industries such as wind power—developing components like helihoist platforms—and transportation, including complex composite designs for airship tubes. Their 2023-announced transformative strategy focuses on organic growth driven by sustainability-oriented energy and decarbonization markets, enhanced customer value through engineering support and productization, and operational efficiency improvements. This strategy is delivering positive results with a rising order backlog and strengthened market positions in 2025.
Exel Composites’ positioning centers on providing innovative composite solutions that improve performance, reduce weight, enhance energy efficiency, and lower lifetime costs for customers worldwide. Its ongoing strategic initiatives and recent agreements underpin its commitment to expanding in sustainability-driven sectors and refining its competitive capabilities through integrated composite design and manufacturing expertise.