Exel Plc's new name, Exel Composites Plc, entered into Trade Register
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 23.4.2009 at 12.30
EXEL PLC'S NEW NAME, EXEL COMPOSITES PLC, ENTERED INTO TRADE REGISTER
Based on the decision of Exel's Annual General Meeting on 16 April 2009, the
change of Exel Plc's business name (Business ID: 1067292-7) was entered into
the Trade Register today. The Company's new name is Exel Composites Plc in
English and Exel Composites Oyj in Finnish.
The choice of name Exel Composites reflects the Company's evolution from an
industrial division within Exel, through expansion and several acquisitions, to
a purely business-to-business company which is no longer involved in the sports
consumer business.
The change of name supports Exel Composites' strategic goal to continue to be
the world's first international pultrusion company. Exel Composites has
production plants in Austria, Australia, Belgium, China, Finland, Germany and
the UK.
Exel will remain the Company's secondary company name.
Vantaa, 23 April 2009
EXEL COMPOSITES PLC
Vesa Korpimies
President and CEO
Further information:
Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754
Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553
DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main news media
www.exelcomposites.com
EXEL COMPOSITES IN BRIEF
Exel Composites is a technology company which designs, manufactures and markets
composite profiles and tubes for industrial applications. The Group is the
leading composite profile manufacturer in the world and concentrates on growing
niche segments.
The core of the operations is based on own, internally developed composite
technology, product range based on it and a 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 the Small Cap segment of NASDAQ OMX
Helsinki Ltd.