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Exel Composites to expand its operations in Austria

News International-French

16 Feb 2015

The company released its new growth strategy in November 2014. Exel Composites’ business is supported by favorable trends driving market growth, especially in North Asia, North America and Europe.

In Central Europe, Exel Composites’ main market area, demand has increased and a number of new business opportunities have been identified. The company will invest to expand its operations in Austria to meet the increased customer demand. By this investment Exel Composites will be in a better position to serve its Central and Southern European customers. The target is to more than double the production capacity in Austria.

The total cost estimate of the project is EUR 8 million.

The expansion project will be launched in the first half of 2015 and it is estimated to be completed during the second half of 2016.

In December 2014 Exel Composites announced the expansion of its Nanjing unit in China. The Nanjing project has commenced and is estimated to be completed during the first half of 2016.

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