Exel Composites and Kineco Group to form pultrusion JV in India.

NORDIC BUSINESS REPORT-October 14, 2021-Exel Composites and Kineco Group to form pultrusion JV in India

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Finnish technology company Exel Composites plc (HEL:EXL1V) announced on Thursday an agreement with Indian advanced composites manufacturer Kineco Group to establish a joint venture.

The new joint venture targets growing the pultrusion market in India. It will seek significant business growth especially in large and growing industries such as wind power, transportation and telecommunications.

The jointly owned business will operate from Kineco's existing manufacturing facility located in Goa.

Kineco will sell the assets of its pultrusion...

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