Exel Composites signs Suzlon supply deal valued at over EUR 100 million

Exel Composites signed a multi-year supply agreement with Suzlon for pultruded carbon fiber planks used in wind turbine blade spar caps. Potential value of deliveries estimated above EUR 100 million through March 2029; volumes depend on Suzlon production needs. Supply will be handled by India joint venture Kineco Exel Composites India, supporting ramp-up of local manufacturing capacity. Deal extends a partnership launched in 2024; it follows a roughly EUR 10 million purchase order disclosed in February 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Exel Composites Oyj published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)