The new contract of continuous four years is in continuation of the existing supply contract of core materials 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,” states Rudolf Hadorn, CEO of Gurit.
Gurit invests in two PET-extruders along with the three existing ones in Italy and China to fulfil the contracted and anticipated market demand. The first new extruder will be commissioned in 2020 at the current extrusion site in Tianjin, China and the second extruder should also get operational in 2020 at the new Matamoros site in Mexico, where Gurit opened up a Kitting services facility this year.