# Exel Composites to build new factory in Kapfenberg, Austria

Exel Composites is building a new manufacturing facility in Kapfenberg, Austria, with an estimated cost of EUR 7 million. The project is co-financed by the European Regional Development Fund and is expected to be completed in the second half of 2020.

- Type: New facility
- Announced: 2020-03-25
- Where: Kapfenberg, Austria, Austria
- Value: $7.70M (7.00M EUR)
- Starts operating: Q3 2020
- Status: under construction
- Products: composite products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Exel Composites](https://endata.com/companies/46118.md)

## Sources

- [investors.exelcomposites.com](https://investors.exelcomposites.com/events-and-insights/production-plants-and-technologies/), 2020-03-25: "The capacity of the old Kapfenberg facility has for some time already limited further growth for Exel in Central Europe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.