Exel Composites Oyj - Company Announcement

Exel Composites to expand its operations in Austria

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE                   13.2.2015 at
8.45 a.m. 

Exel Composites to expand its operations in Austria

Exel Composites released its new growth strategy in November 2014. Exel
Composites' business is supported by favorable trends driving market growth,
especially in North Asia, North America and Europe. 

In Central Europe, Exel Composites' main market area, demand has increased and
a number of new business opportunities have been identified. Exel Composites
will invest to expand its operations in Austria to meet the increased customer
demand. By this investment Exel Composites will be in a better position to
serve its Central and Southern European customers. The target is to more than
double the production capacity in Austria. 

The total cost estimate of the project is EUR 8 million.

The expansion project will be launched in the first half of 2015 and it is
estimated to be completed during the second half of 2016. 

In December 2014 Exel Composites announced the expansion of its Nanjing unit in
China. The Nanjing project has commenced and is estimated to be completed
during the first half of 2016. 



Vantaa, 13 February 2015



EXEL COMPOSITES PLC

Riku Kytömäki
President and CEO





Further information
Riku Kytömäki, President and CEO, tel. +358 50 511 8288, or email
riku.kytomaki@exelcomposites.com 
Ilkka Silvanto, CFO and Administrative Director, tel. +358 50 598 9553, or
email ilkka.silvanto@exelcomposites.com 

Distribution
NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com



Exel Composites in brief
Exel Composites (www.exelcomposites.com) is a leading composite technology
company that designs, manufactures and markets composite products and solutions
for demanding applications. Exel Composites provides superior customer
experience through continuous innovation, world-class operations and long-term
partnerships. 

The core of the operations is based on own, internally developed composite
technology, product range based on it and strong market position in selected
segments with a strong quality and brand image. Profitable growth is pursued by
a relentless search for new applications and development in co-operation with
customers. The personnel's expertise and high level of technology play a major
role in Exel Composites' operations. 

Exel Composites Plc share is listed in NASDAQ OMX Helsinki Ltd.