Kapfenberg factory development

We are building a new factory in Kapfenberg, Austria

We are expanding our operations in Kapfenberg, Austria, by investing in a new manufacturing facility.

This project is co-financed by the European Regional Development Fund (www.efre.gv.at) in conjunction with Steierische Wirtschaftförderung (www.sfg.at).

“The capacity of the old Kapfenberg facility has for some time already limited further growth for Exel in Central Europe. The new facility will enable a considerable increase in Exel’s production capacity and improves our ability to serve customers”, says Riku Kytömäki, President and CEO.

The construction of the new facility is expected to be completed in the second half of 2020. The leasing agreement of the current facility will terminate at the same time at the end of 2020.

Exel initially communicated its intention to expand operations in Austria in February 2015. The project was put on hold in 2016 due to a weaker market situation at the time. The project will now resume with the finalization of permitting and design.

The total cost of the project is estimated to EUR 7 million. The investment is intended to be financed with a bank loan.

For more information please contact Michael Lorenz (michael.lorenz@exelcomposites.com).

 

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