Exel Composites’ new factory in India operational

The new India factory manufactures composites with pultrusion and is optimized for serving wind power industry in India and globally. Deliveries for a major wind turbine manufacturer will begin ramping up during the first quarter of 2025, as announced in the first quarter of 2024. In addition, Exel announced in September 2024 that Exel and KECI had won the bidding process in India for supplying pultruded carbon plank for wind turbine spar caps for Vestas Wind Systems A/S. These deliveries are estimated to begin in the last quarter of 2025.

The investment in the new India factory was announced in July 2023. In addition to wind power customers, the factory will manufacture solutions for other customer industries, such as buildings and infrastructure. Production has been successfully transferred from the old factory in Goa.

“I am very pleased that the construction and commissioning of the new factory in India has been completed on schedule and within budget. The implementation of this new factory is at the heart of Exel’s transformative growth strategy, which aims to capture organic profitable growth from large and fast-growing sustainability-driven applications such as solutions for wind power. We are excited to be able to strengthen our capabilities to provide top-tier composite solutions to our clients in India and globally,” says Paul Sohlberg, President and CEO of Exel Composites.

“We are thrilled to have successfully commissioned our new pultrusion plant in Banda, India. The facility has been built to world-class standards and is equipped to deliver high-quality products at the scale our customers require. I am confident that this milestone will further strengthen Kineco Exel Composites India’s position as the partner of choice for its current and future customers, especially in wind power and other growing customer industries,” says Shekhar Sardessai, Chairman & Managing Director of Kineco Group.

Exel Composites and Kineco Exel Composites India (KECI) offer wind turbine manufacturers a comprehensive range of glass fibre and carbon fibre composite components required for the manufacturing of modern onshore and offshore wind turbines. KECI was established in 2021 as a joint venture between Exel Composites and the Indian company Kineco Group.