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According to Exel, demand in China has increased and a number of new business opportunities have been identified. Exel Composites will invest to expand its operations in Nanjing, China to meet the demand. The target is to double the production capacity of the Nanjing unit.
Exel Composites has decided to expand the existing site by building new facilities next to the present factory building. The total cost estimate of the project is RMB 35 million (some EUR 4.6 million).
The expansion project will be launched in the first quarter of 2015 and it is estimated to be completed during the first half of 2016.
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