Annual Report 2007
Göran Jönsson
President
2007 has been a year with continued consolidation and internationalization.
A number of adjustments of the present
structure have been implemented.
The Group is now operating
as two separate business units: Exel Composites is responsible
for production, marketing and selling of industrial
products and Exel Sports Brands is focusing on marketing
and selling of consumer sporting goods. By this, the Group
will be better fitted for future opportunities and challenges.
The journey to transform Exel to the global champion of advanced
composites has started and the structure and the
necessary tools are essentially in place. Exel Composites
now accounts for 88% of the Group’s turnover and our strategic
focus on key industrial applications is clear.
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Main events in 2007
- As from 1 January 2007 Exel Composites includes all production activities of the Exel Group.
- In May Exel sold its Plastics operations which had operated under Exel GmbH in Rohrdorf, Germany.
- As of 1 July 2007, the Industry Division was organized in two Business Areas.
- The integration of Pacific Composites was completed during the financial year.
More about events and financial figures of 2007