Veplas Group

What Veplas Group does

Veplas Group is a privately held Slovenian joint-stock company (Veplas, d.d.) founded in 1978 in Velenje, operating two production plants in Slovenia (Velenje and Šoštanj) and employing more than 200 people. The company manufactures fiber-reinforced plastic (FRP) composite parts — glass fiber (GRP), carbon fiber (CRP), and aramid fiber (ARP) — using autoclave, Resin Transfer Moulding (RTM), and hand lay-up processes with polyester, vinylester, and epoxy resin systems. Its product portfolio spans three families: (1) NIJ IIIA ballistic visors, anti-riot visors, and demining visors exported to more than 20 countries; (2) industry composite parts for medical (ArjoHuntleigh, Getinge, Artweger), aerospace (Leonardo, FACC, TAI), automotive and transport (Carthago, Adria Mobil, Rosenbauer), and machine-building (Siemens Industrial Turbomachinery, Dalekovod) customers; and (3) innovation products including the patented ECO-TURBINE lamellar wind turbine.

The business is built on enterprise B2B contract manufacturing with inquiry-based sales handled through dedicated email contacts and local sales subsidiaries in Slovenia (Veplas Trženje) and Croatia (Veplas Hrvatska). Veplas earns revenue primarily through one-time manufacturing orders for custom composite parts, hardware sales of ballistic protection products, and ancillary professional services for mould/tooling construction, surface treatment, and assembly. Differentiation rests on a vertically integrated production stack (in-house moulds, multiple forming technologies, coating via subsidiary Veplas Lak), nearly five decades of process know-how, and a portfolio of regulated certifications including ISO 9001:2015, EN 9100:2018 (aerospace), ISO 13485:2016 (medical devices), and FDA approval obtained in 2016.

Go-to-market is sales-led and export-oriented, with the majority of revenue generated outside Slovenia. Veplas supplements direct sales with EU-funded R&D consortium activity (ECO-TURBINE under Horizon 2020; MIMOSA under Horizon Europe; DeremCo under EU I3 Instrument; reCANet under Interreg SI-AT from February 2026) targeting sustainable Covalent Adaptable Network composites, aerospace multi-material structures, and circular-economy remanufacturing. The management board is family-influenced (Franc Vedenik chairman; Gregor Vedenik PhD and Helena Šumah Zaluberšek MSc executive directors), and ownership is concentrated among founders and management with no disclosed institutional investors.

Name

Veplas Group

Legal name

Veplas, d.d.

Website

https://veplasgroup.com

Company type

Private

Founded year

1978

Operating status

Operating

Short description

Veplas Group is a Slovenian manufacturer of fiber-reinforced plastic composite parts and NIJ IIIA ballistic visors serving aerospace, medical, automotive, machine-building, and defense customers across 20+ countries.

Ownership category

akta.pro rank

Product category

Composite Manufacturing

NAICS

Plastics and Rubber Products Manufacturing (326), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Composite Structures & Layup Manufacturing (IMABAEAB)

akta.pro secondary industries

FRP/GRP & Composite Materials (Resins, Fibers, Core Materials) (IMAJAKAC), Composite Reinforcement Textiles (Carbon/Glass/Aramid Fabrics & Preforms) (IMAOADAH), Renewable Manufacturing Materials & Subcomponents (Glass, EVA/Backsheet, Composites, Magnets) (EUAMAHAL), Fiber- & Mineral-Filled Reinforced Compounds (Glass/Carbon/Talc/CaCO3) (IMANABAI)

Keywords

• Composite manufacturing
• Fiber reinforced plastic
• Ballistic visors
• Aerospace composites
• Medical device components

Headquarters

HQ city

Velenje

HQ country

Slovenia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Composite Parts Manufacturing: B2B manufacturing of custom composite parts for various industries including aerospace, automotive, medical, and machine building. Production of glass fiber (GRP), carbon fiber (CRP), and aramid fiber (ARP) composite parts using autoclave, RTM, and hand lay-up technologies.
2. Ballistic Protection Products: Manufacturing and sales of ballistic visors, anti-riot visors, and demining visors. Products include NIJ IIIA certified ballistic visors sold to military, police forces, and arrest teams across more than 20 countries.
3. Moulds and Tooling Manufacturing: In-house manufacturing of composite moulds and tools for production purposes, also offered as service to customers. Includes reengineering services.
4. Surface Treatment and Assembly Services: Painting, surface treatment, and assembly services for composite parts. Secondary services complementing primary manufacturing operations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Veplas Group manufactures fiber-reinforced plastic (FRP) composite parts using glass fiber (GRP), carbon fiber (CRP), and aramid fiber (ARP) with autoclave, RTM, and hand lay-up technologies. The company produces NIJ IIIA ballistic visors and anti-riot/demining visors for defense and security customers, custom composite parts for aerospace, medical, automotive/transport, and machine building industries, and the ECO-TURBINE lamellar wind turbine. In-house capabilities include mould and tool manufacturing, painting, surface treatment, and assembly services.

Product overview

Veplas Group is a leading manufacturer of composite parts in Central Europe with nearly 50 years of experience in fiber-reinforced plastic production. The company's product portfolio includes three main categories: (1) Ballistic Protection Products - NIJ IIIA ballistic visors, anti-riot visors, and demining visors with accessories like Picatinny holders; (2) Industry Composite Parts - manufactured using autoclave, RTM, and hand lay-up technologies for medical, aerospace, automotive/transport, and machine building sectors; and (3) Innovation Products - including ECO-TURBINE wind turbine with air filtering capability. The company produces parts from glass fiber (GRP), carbon fiber (CRP), and aramid fibre (ARP) using polyester, vinylester, and epoxy resins. Manufacturing services include moulds/tooling construction, surface treatment, painting, and assembly.

Differentiator

Problem solved

Functional benefit

Products and services

• NIJ IIIA Ballistic Visors NIJ IIIA certified ballistic visors and face shields providing protection against multiple hits of ballistic threats, fragmentation, and blunt impact. Made from transparent PMMA and polycarbonate with interlayer technology, delivering light transmittance above 86% at 400-800nm. Offered in VB1-VB5 models with thickness options of 19.5mm (V50 = 725 m/s) and 21.5mm (V50 = 825 m/s) per STANAG 2920.
• Anti-Riot Visors Polycarbonate anti-riot visors designed to protect the face from mechanical impact, fragmentation, and riot control hazards. Model VR1 with 4mm thickness, 165mm height, and 0.3kg weight, available in VAR1 (R126) and VAR2 (R119) radius options.
• Demining Visors Polycarbonate demining visors providing full facial protection against fragmentation for military demining personnel. V50 = 250 m/s per STANAG 2920. Models VD1 (R126) and VD2 (R119) with 6mm thickness, 165mm height, and 0.5kg weight.
• Composite Parts for Medical Industry Glass fiber reinforced composite plastic parts for the medical industry including bath tubs, hydrotherapy bath tubs, and healthcare equipment components. Manufactured using autoclave, RTM, and hand lay-up technologies under ISO 13485:2016 quality system. Customers include ArjoHuntleigh, Getinge Lancer, and Artweger.
• Composite Parts for Automotive and Transport Composite parts for the automotive and transport industry including parts for motorhomes, pop-up roofs for vans, automotive glass and carbon fiber parts for sport cars and motorcycles, parts for trains and 3rd rail infrastructure, parts for buses, and parts for luxury motor yachts and sailing boats. Customers include Carthago, Adria Mobil, Laika Caravans, Trigano, Rosenbauer, and Mubea Carbotech.
• Composite Parts for Aerospace Composite parts for the aerospace industry including assembled composite instrument panels for helicopters and interior parts for aircraft. Manufactured under UNI EN 9100:2018 QMS for aerospace. Customers include Leonardo Company, FACC, and TAI.
• Machine Building Components Composite parts for the machine building industry including parts for agriculture machinery, firetrucks, construction machines, and warning spheres for electric transmission lines. References include Dalekovod, Mosdorfer, SPL Powerlines Group, Siemens Industrial Turbomachinery, and Disab Vacuum Technology.
• General Composite Products Manufacturing Fiber-reinforced plastic composite parts manufactured from glass fiber (GRP), carbon fiber (CRP), and aramid fibre (ARP) using autoclave, RTM, and hand lay-up technologies. Resins include polyester, vinylester, and epoxy. Products include water slides, children's playgrounds, flower bowls, carbon fibre fins, and windsurfing masts.
• Moulds, Tooling, and Surface Treatment Services Construction of moulds and other tools for composite parts production, including reengineering services. Surface treatment, painting, and assembly services for composite products, provided as part of or alongside composite manufacturing.
• ECO-TURBINE Lamellar Wind Turbine Innovative lamellar wind turbine with a patented slowly rotating rectangular lamellar wall design different from conventional horizontal and vertical axis turbines. Features dual function: green electricity generation and urban air pollution filtering using Activa® photocatalytic coating for NO particle elimination. Includes photovoltaic array for power and advertising surfaces, enabling hybrid wind/solar operation and installation in areas where conventional turbines cannot be deployed.

Quantifiable outcome

• Ballistic visor thickness 19.5mm achieves STANAG 2920 V50 = 725 m/s fragmentation protection
• +3 more outcomes

Named customers21 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Faculty of Polymer Technology (FTPO)coreStrategic or Co-development Partner · 1 February 2026Lead partner in reCANet project (Interreg SI-AT) for developing sustainable fibre composites based on Covalent Adaptable Networks. FTPO coordinates the 35-month project with €1,206,030.63 total budget targeting circular economy for composites in the Slovenia-Austria region.
• Kompetenzzentrum Holz GmbH (WOOD)coreStrategic or Co-development Partner · 1 February 2026Project partner in reCANet for sustainable composite development. WOOD brings expertise in wood-based materials and sustainable composites to the Interreg SI-AT initiative.
• Carinthia University of Applied Sciences (CUAS)minorStrategic or Co-development Partner · 1 February 2026Research partner in reCANet project contributing academic expertise to the sustainable composites initiative.
• National Institute of Chemistry (NIC)minorStrategic or Co-development Partner · 1 February 2026Research partner in reCANet project, providing chemistry expertise for developing CAN resin systems.
• CAPiTA MFG GmbH (CAPITA)minorStrategic or Co-development Partner · 1 February 2026Austrian industrial partner in reCANet project, contributing to industrial demonstrators and SME implementation.
• TechnolminorStrategic or Co-development Partner · 1 December 2022Project partner in DeremCo (EU I3 Instrument) responsible for grinding composite parts for recycling applications.
• FTPOcoreStrategic or Co-development Partner · 1 December 2022Research partner in DeremCo project handling adhesion modification and testing of recycled fiber composites.
• Politecnico di TorinocoreStrategic or Co-development Partner · 1 December 2022Lead partner in MIMOSA (Horizon Europe) project developing multi-material structures for aerospace applications. VEPLAS contributes to the prototype of vertical stabilizer structure.
• Primum d.o.o.minorStrategic or Co-development Partner · 1 November 2018Consortium partner in ECO-TURBINE project (HORIZON 2020 / SME Instrument Phase 2) for development of innovative lamellar wind turbine with air purification capability.
• ArjoHuntleighcoreChannel Partner/ Reseller/ Distributor · 1 January 2013Long-term business partner and customer. Established Veplas RTM d.o.o. specifically for manufacturing medical equipment in accordance with ISO 13485 standard requirements for this partner.

Scale indicators6 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Gurit Holding: Swiss composite materials and engineering company supplying wind, marine, automotive, and aerospace markets. Closely comparable to Veplas in offering both composite materials and engineered composite parts across regulated industries.
• FACC AG: Austrian Tier-1 aerospace composites supplier (a Veplas customer per source). Highly comparable in terms of composite parts for aircraft interiors, autoclave manufacturing, and EN 9100-certified operations in Central Europe.
• Avon Protection (formerly Avon Rubber): Designs and produces ballistic helmets, visors, and respiratory protection for military and first responders. Direct comparable to Veplas's NIJ IIIA visor and demining/anti-riot visor portfolio.
• Point Blank Enterprises: US manufacturer of ballistic vests, plate carriers, and protective equipment for military and law enforcement. Direct comparable to Veplas's ballistic visor / ballistic protection product line.

Broad incumbents

• Solvay Composite Materials: Provides resin systems and composite materials to aerospace and industrial markets. Overlaps with Veplas's resin-based composite manufacturing (polyester, vinylester, epoxy) and aerospace customer base.
• SGL Carbon: Carbon fiber and composite components manufacturer serving automotive, aerospace, and industrial customers. Direct overlap with Veplas's CRP/GRP composite parts and autoclave/RTM production capabilities.
• Leonardo Company (Aerospace Division): Major aerospace and defense OEM that also manufactures composite structures in-house. Listed as a Veplas aerospace customer; serves as both a peer in composite manufacturing and a customer for Veplas.
• Toray Advanced Composites: Supplies thermoset and thermoplastic prepregs and composite parts for aerospace, automotive, and industrial use. Comparable to Veplas's fiber-reinforced composite manufacturing (glass/carbon fiber) and aerospace customer mix.
• Hexcel Corporation: Global Tier-1 advanced composites supplier to aerospace, defense, and industrial markets. Closest comparable to Veplas's aerospace-grade composite parts business (EN 9100 equivalents, autoclave and RTM technologies) but at vastly larger scale.
• Teijin Carbon: Carbon fiber manufacturer producing reinforcement textiles and composite parts for aerospace, automotive, and industrial markets. Comparable to Veplas's use of carbon and glass fiber reinforcement textiles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCYJxdFevCXMQsVe0REBV9Dg
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• LinkedInlinkedin.com/company/veplas-d-d

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

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 Veplas Group