Gurit expands automotive structures supply contract

Gurit will continue to supply Class A body panels to an unidentified customer from 2012 to 2016 via a contract worth about $35 million.

Related Suppliers

Gurit (Zurich, Switzerland), a global developer and manufacturer of advanced composite materials and technologies, announced on May 25 the signing of a significant parts supply contract for automotive body panels with an existing customer. The contract runs from 2012 through to 2016.

Based on this contract, Gurit will supply this existing customer with "Class A" advanced composite car body panels. The production uses, among other technologies and processes, Gurit's patented SPRINT material technology. The growing automotive business is part of Gurit's Transportation target market activities.

The contract is worth some CHF 30 million ($35.2 million USD) at the minimum procurement volume agreed with the OEM and could — in the best case — increase by up to 40 percent. The follow-on order defines a higher number of composite parts per vehicle compared with the current manufacturing program. Production will be located on the Isle of Wight (U.K.) at the existing Gurit facility, which will be expanded.

In co-operation with the customer's design department, Gurit has also been awarded a supporting contract for aspects of composite design and development.