Exel Composites Oyj : Kineco Exel Composites India signs multi-year agreement for the supply of carbon fiber planks

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Kineco Exel Composites India signs multi-year agreement for the supply of carbon fiber planks for spar caps to major wind turbine manufacturer in South Asia

Kineco Exel Composites India (KECI), a joint venture between Exel Composites Plc and Kineco Ltd, has signed a multi-year agreement for the supply of pultruded carbon fiber planks for spar caps to a major wind turbine manufacturer in South Asia.

Carbon fiber planks are integral parts of wind turbine blades offering best-in-class strength, stiffness and low weight as blades continue to grow in length.

The agreement follows the significant development work by KECI and the customer to meet stringent supplier capability and quality requirements, allowing the customer to include an annual minimum volume commitment from the customer to KECI. The parties have agreed not to disclose the contract value.

KECI will be delivering the spar planks from its new factory near Goa, India, currently in final stages of construction. Deliveries are expected to begin in the second half of 2024, subject to the customer's product approval protocols and subsequent issuance of purchase orders under the agreement.

"We are pleased with the progress and confidence placed by the customer in KECI. By utilizing KECI's new factory in India, the customer will be able to avail themselves of state-of-the-art carbon fiber planks produced competitively in India", says Shekhar Sardessai, Managing Director of Kineco Exel Composites India.

"The agreement marks and important milestone in the development of our capabilities to better support wind turbine manufacturers. We are in the process of further improving these capabilities to be able to serve the various needs of different customers seeking carbon fiber planks and other composite products for their wind turbines", adds Paul Sohlberg, President and CEO of Exel Composites.

Exel Composites and KECI offer wind turbine manufacturers a comprehensive range of glass fiber and carbon fiber composite components required for the manufacturing of modern on-shore and off-shore blades.

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