The three-year contract covers the years 2020 – 2022 and is a continuation of an existing business relation for the supply of core materials. It is expected to deliver Net Sales of CHF 25 million over the contract period, half of which will be for PET core material.
Rudolf Hadorn, CEO of Gurit, states:
“This is another milestone of achieving a long-term supply agreement with a leading blade producer in China, the world’s largest Wind Energy market.”
As communicated earlier, Gurit will increase its PET extrusion capacities in 2020 at the existing extrusion sites in Tianjin, China as well as in Matamoros, Mexico.