History

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Exel's operations started in 1960 when three chemists founded a company which specialized in the production of electronic detonator caps. The company's name was derived from the words Explosive Electronics. Today Exel is the largest pultruder in the world.

 

 1960's

 1970's

 1980's

 1990's

 2000's

 2010's

 

The company was founded in 1960.

Product development takes the company quickly into sports.

The manufacture of industrial applications started.

Growth through acquisitions, Exel becomes a listed company in 1998.

Consolidator of the pultrusion industry focusing on industrial composite business.

Exel today is a leading composite technology company.

 

 

 

 
                                                           

 

 

 

Historical highlights

1960's

   

1960

 

Production of hearing protectors
Development of flexible production techniques

     

1970's

   

1970

 

Start of composite products

1973

 

Start of cross-country ski pole production

1976

 

Breakthrough in cross-country sales (Innsbruck Olympic Games)

1978

 

First demanding carbon fibre profile for textile machines

   

 ^

1980's

   

1980

 

Start of manufacture of industrial applications
Start of laminate and windsurfing mast production

1982

 

Start of telescope mast production

   

 ^

1990's

   

1990

 

Refocusing of Industry Division's strategy

1991

 

Start of lattice mast production

1992

 

Start of golf shaft production

1993

 

Start of alpine ski pole and floorball club production
Start of doctor blades and other paper machine applications

1995

 

Start of antenna profile production
Acquisition of Prostick brand

1996

 

Start of ice hockey and inline hockey shaft production

1997

 

Start of Finnish baseball bat production
Acquisition of Pyhis baseball business
Acquisition of Power Magic brand (goalie's outfits and equipment)
Acquisition of Exel Kunststoff GmbH
Acquisition of Solte GmbH's ski and snowboard coating operations. Exel GmbH produces composite profiles such as antenna covers and operates in Voerde, Germany, near the Dutch border.
Launching of Nordic Walking

1998

 

Acquisition of International Gateway AB
Golf business discontinued
Start of carbon fibre application production for the offshore industry
Exel listed on Helsinki Stock Exchange

   

 ^

2000's

   

2000

 

Acquisition of the business operations of Fiberspar Performance
Products (windsurfing masts)
Exel's share to Helsinki Stock Exchange Main List

2001

 

Acquisition of Menzolit-Fibron GmbH's pultrusion business

2004   Acquisition of Bekaert's pultrusion business and Exel Composites N.V. was established.  The unit manufactures profiles mainly for the transportation and construction industries in Oudenaarde, Belgium.
2005  

Acquisition of Faserprofil GmbH's pultrusion business and Exel Composites GmbH was established. It manufactures special profiles for example for the electrical and mechanical industries as well as for railway and paper machine industries in Kapfenberg, Austria.

2006  

Acquisition of Pacific Composites Pty. Ltd's shares. The company, Exel Composites (Australia) Pty. Ltd., manufactures profiles in Melbourne in Australia. Exel Composites (Nanjing) Co. Ltd. manufactures profiles in Nanjing, China and Exel Composites UK in Runcorn in the UK.

2007  

Exel GmbH's Plastics operations sold to CPS GmbH

2008  

Exel Sports Brands' Outdoor business sold (licensed) to ESB Sports Oy

2009

 

Exel Sports Brands' Floorball business sold (licensed) to Cape Nordic Oy

   

 ^

2010's

   
2010   Exel Composites celebrates 50th anniversary 
2014   

President and CEO Riku Kytömäki starts at Exel Composites
Exel Composites sets new vision, strategy and long-term financial targets 

2016   Exel Webstore is launched 
2017  

The Group-wide roll out of OHSAS 18001 certification completed covering Exel units in Austria, Belgium, China (Nanjing), Finland, Germany and UK
Acquisition of Nanjing Jianhui Composite Material, JHFRP

     
   

 ^

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland