Exel Composites completes first strategic factory review; operations and factory role refocused in the United States targeting EUR 3.0 million in annual cost savings
EXEL COMPOSITES PLC INSIDE INFORMATION 19 OCTOBER 2023 at 09:15 EETExel Composites published its new strategy on 2 October 2023 including the plans to conduct a strategic review in three factories to define their role and necessity in the new operating model. The strategic review has now been completed for the first factory. Exel has decided to refocus its operations and factory in the United States to manufacturing of tailored pullwinding tubes and customized pultruded composite profiles for the North American markets. This strategic transformation allows