Name

Exel Composites

Legal name

Exel Composites Plc

Website

https://exelcomposites.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Composite Materials Manufacturing

NAICS

Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing (32612)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

FRP/GRP & Composite Materials (Resins, Fibers, Core Materials) (IMAJAKAC)

akta.pro secondary industry

Composite Structures & Layup Manufacturing (IMABAEAB)

Keywords

• Composite materials manufacturing
• Fiber reinforced profiles
• Pultrusion composite tubes
• Structural composite components
• Industrial composite solutions

Headquarters

HQ city

Vantaa

HQ country

Finland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Composite profiles and tubes sales: Exel Composites generates revenue through the manufacture and sale of custom composite profiles and tubes using pultrusion and pull-winding processes. Revenue is derived from B2B sales across multiple industry segments including transportation, buildings, energy, and industrial applications.
2. Customized Solutions business unit: Focuses on customer-specific solutions made to order across multiple industries. This unit generated EUR 82,485 thousand in Q1-Q4 2024.
3. Industrial Solutions business unit: Focuses on selected applications with significant growth opportunities. This unit generated EUR 17,109 thousand in Q1-Q4 2024.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Exel Composites manufactures custom composite profiles and tubes using continuous pultrusion and pull-winding processes with fiber-reinforced plastics (FRP), including glass fiber (GFRP) and carbon fiber (CFRP) composites. The company serves transportation, buildings and infrastructure, energy (wind power, electrical transmission), defense, telecommunications, and industrial equipment customers globally through its Customized Solutions and Industrial Solutions business units.

Product overview

Exel Composites is a Finnish manufacturer specializing in composite profiles and tubes produced using continuous pultrusion and pull-winding manufacturing processes. The company offers a comprehensive portfolio organized into two main business units: Customized Solutions (Räätälöidyt Ratkaisut) focused on customer-specific solutions across multiple industries, and Industrial Solutions (Teolliset Ratkaisut) focused on selected applications with significant growth potential. The product portfolio includes composite tubes, transportation profiles (for buses, coaches, trains, trams, trucks, trailers, and automotive), conductor cores and insulated rail joints for electrical distribution, wind power applications, building and construction solutions (structural profiles, sheet piles, window/door profiles, sun protection), infrastructure solutions (frangible structures, water treatment, rail solutions), defense products, telecommunications applications, machinery applications, and specialty products including antiviral composites. The company operates manufacturing sites in Europe, Asia, and North America.

Differentiator

Problem solved

Functional benefit

Brands

• Kineco Exel Composites India: Joint venture for composite materials manufacturing in India

Products and services

• Composite Tubes Custom composite tubes manufactured using continuous pultrusion and pull-winding techniques for various industrial applications, engineered to specific mechanical and durability requirements.
• Transportation Profiles Composite profiles and stiffeners for internal and external vehicle applications (buses, coaches, trains, trams, trucks, trailers, automotive), enabling stronger, lighter, and more sustainable vehicles.
• Composite Conductor Cores Composite conductor cores for electrical distribution and energy transmission infrastructure, used in grid upgrades and energy transition applications to replace traditional steel cores.
• Insulated Rail Joints Composite insulated rail joints for railway track applications providing electrical insulation between rail segments.
• Wind Power Composite Applications Composite materials for wind turbine applications, including rotor blade support reinforcements, rotor laminations, and root fixtures, enabling more powerful and economical wind turbines.
• Standard Structural Composite Profiles Standard structural composite profiles including I-beams for construction, building, and infrastructure applications.
• FRP Composite Sheet Piles Fiber-reinforced polymer (FRP) composite sheet piles used in construction, earth retention, and infrastructure applications where corrosion resistance is critical.
• Window and Door Profiles Composite profiles engineered for windows and doors in building applications, offering durability and corrosion resistance.
• Frangible Airport Support Structures Composite frangible support structures for airport applications that break away on impact to meet aviation safety requirements.
• Water and Wastewater Treatment Composite Applications Composite solutions for water and wastewater treatment infrastructure applications requiring corrosion resistance and durability.
• Defense Composite Products Composite solutions for defense applications, including non-magnetic handles for mine sweeping equipment and telescopic support poles for camouflage nets.
• Telecommunications Composite Applications Composite solutions for telecommunications including 4G antenna covers and 5G small cell mmWave and macro MIMO composite enclosures.
• Machinery and Electrical Composite Applications Composite solutions for machinery and electrical applications including carbon fiber robot arms and electrical motor insulators.
• Composite Telescoping Poles Composite telescoping poles for various equipment and industrial applications, including defense camouflage net supports and other specialty uses.
• Carbon Fiber Handles for Tools Carbon fiber handles for cleaning, maintenance, handheld, and construction tools, offering lightweight and durable tool handle solutions.
• Agriculture Composite Applications Composite solutions for agricultural equipment and machinery applications requiring corrosion resistance and durability.
• Oil and Gas Composite Applications Composite solutions for the oil and gas industry, offering corrosion-resistant alternatives to traditional metal components.
• Composite Sporting Goods Composite solutions for sporting goods applications requiring lightweight strength and performance characteristics.
• Photography Equipment Composite Applications Composite solutions for photography equipment applications, providing lightweight and rigid structural components.
• Protector Antiviral Composites Antiviral composite materials designed to inhibit viruses on surfaces for hygiene-critical applications.
• Non-halogenated Fire-Rated Composite Material Fire-rated non-halogenated composite material validated to meet Euroclass B-s2, d0 under EN 13501-1 and EN 13706 mechanical performance class E23, for use in building, transportation, and infrastructure applications requiring enhanced fire safety.

Quantifiable outcome

• Non-halogenated fire-rated composite material achieves Euroclass B-s2, d0 fire classification under EN 13501-1 testing
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major, core and minor.

• TratosmajorStrategic or Co-development Partner · 17 December 2025Exel Composites and Tratos signed a four-year frame agreement for composite conductor cores with a EUR 22 million minimum volume commitment through 2029. The deal aims to expand cooperation in composite core technology for energy infrastructure upgrades, supporting grid modernization and energy transition efforts.
• De Angeli ProdottimajorStrategic or Co-development Partner · 6 November 2025Exel Composites and De Angeli Prodotti signed a multi-year frame agreement for supply of composite conductor cores with EUR 25 million minimum volume commitment, scheduled to start deliveries in early 2026. The four-year contract supports growth in energy transition and grid upgrades by leveraging composite core technology.
• EEL EnergycoreStrategic or Co-development Partner · 10 September 2025EEL Energy, a hydrokinetic technology company, partnered with Exel Composites to resolve critical delamination failure in its fish-tail-inspired undulating membrane generator by integrating carbon fiber flats originally developed for wind turbine blades. The carbon fiber composites provide superior mechanical properties (120 GPa E-modulus, 2500 MPa tensile strength) enabling the membrane to withstand extreme cyclic stresses of underwater energy generation. EEL is advancing toward commercialization targeting isolated communities in the Americas and larger systems for energy producers.
• FairmatminorStrategic or Co-development Partner · 7 August 2024Fairmat, a deeptech startup founded in 2020, developed an innovative mechanical recycling process using proprietary robotics and AI that preserves mechanical properties of carbon fibers for reuse. Fairmat established partnerships with major materials and aerospace companies including Exel Composites. Industry-wide adoption of such recycling technologies could significantly reduce environmental impact across sectors like wind energy and support circular economy goals.
• Kineco Exel Composites IndiacoreStrategic or Co-development PartnerJoint venture for India operations, combining local market expertise with Exel Composites' composite manufacturing capabilities.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Polynt Group: European-headquartered producer of unsaturated polyester resins, vinyl ester resins, gelcoats, and composite intermediates. Upstream supplier overlap with Exel's resin inputs and broader composite materials portfolio.
• Owens Corning: Global building materials and composites company with a Composites segment producing glass fiber reinforcements and pultruded products. Much larger incumbent with broader portfolio (insulation, roofing, glass fiber) where Exel competes only in the composites niche.
• Teijin Limited: Japanese materials company with significant carbon fiber and composites operations (Tenax, CFRP components for aerospace/auto). Far larger incumbent competing with Exel in advanced carbon fiber composite applications.
• Toray Industries: Global leader in carbon fiber (Torayca) and advanced composite materials serving aerospace, automotive, wind, and industrial markets. Broader and far larger than Exel, but a competitor in supplying carbon fiber-based composite solutions.
• SGL Carbon: German-based manufacturer of carbon-based products including carbon fibers, composite materials, and specialty graphites serving automotive, wind, aerospace, and industrial markets. Larger European incumbent with overlapping carbon fiber composite applications.

Direct peers

• Creative Pultrusions: US pultruder of FRP composite profiles, sheet piling, and structural shapes. Closely comparable to Exel's pultruded profile business, though focused on North American infrastructure and industrial markets.
• Fiberline Composites: Denmark-based pultrusion specialist producing FRP composite profiles and bridge components. Direct European peer with overlapping customer base in construction, wind, and infrastructure; comparable technology platform (pultrusion) and product categories.
• Gurit: Swiss-listed composites supplier serving wind energy, marine, transportation, and industrial markets with core materials, prepregs, and engineered composite structures. Overlaps with Exel in wind blade reinforcements and transportation composites.
• Bedford Reinforced Plastics: US-based pultrusion manufacturer of FRP structural profiles, rebar, and grating. Directly comparable to Exel in continuous-manufacturing FRP composite profiles for construction, infrastructure, and industrial applications.
• Strongwell: US-based pultrusion manufacturer producing FRP structural profiles, grating, and building products using similar continuous manufacturing methods. Direct competitor to Exel in the pultruded composite profiles category, though primarily serving North American markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCeff2u8cLLFvQJ43CuB2slA
• LinkedInlinkedin.com/company/exel-composites
• Xx.com/exelcomposites

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exel Composites