Exel Composites signs Suzlon supply deal valued at over EUR 100 million
Bitget2026/09/24 05:03- 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.
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