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22nd August 2019, Zurich

Gurit signs materials supply contracts with wind OEMs

These contracts are a confirmation for Gurit’s strategic focus on the wind turbine market.

These contracts are a confirmation for Gurit’s strategic focus on the wind turbine market.

Gurit, a manufacturer of advanced composites, has announced supply contracts for core materials, which have been secured with two world leading wind OEMs for its Composite Materials business unit.

The three- respectively four-year contracts are a continuation of existing supply agreements, mainly for PET, and are in line with communicated Group sales targets for 2019. They will support organic growth in 2020/21 and are expected to deliver net sales of CHF 200 million over the respective contract periods.

“These contracts are a confirmation for our strategic focus on the wind turbine market. We are excited about these growth perspectives and our teams are fully committed to harvest the new opportunities,” said Rudolf Hadorn, CEO of Gurit.

In order to fulfil the contracted and anticipated market demand, Gurit invests in two PET-extruders, in addition to the three existing ones in Italy and China. The first new extruder is scheduled to be commissioned in 2020 at the existing extrusion site in Tianjin, China. The second extruder is also expected to become operational in 2020 at the new Matamoros site in Mexico, where Gurit opened up a Kitting services facility earlier this year.

Gurit is specialised in the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The company’s product range comprises fibre reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials, as well as composite tooling equipment, core material wind turbine blade kits, structural engineering and select finished parts.

www.gurit.com

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