Gurit wins multi-year automotive supply contract

Gurit has been selected to supply carbon fiber composite automotive body panels to an unidentified OEM at a total contract value of more than $34 million.

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Gurit (Zurich, Switzerland), a developer and manufacturer of advanced composites and technologies, on Jan. 15 announced that it has been selected as the supplier of carbon fiber composite automotive body panels to an unidentified OEM at a total contract value of more than CHF 30 million (US$34 million), calculated on a multi-year basis.

Starting in the fourth quarter of 2015, the new project features industrial production of exterior Class-A carbon fiber body panel parts using Gurit's existing an open-mold manual process and its new proprietary and patented advanced press technology.

Gurit’s advanced press technology results from continuous research and close collaboration with leading car manufacturers. The hot compression molding production technology is said by Gurit to significantly reduce curing time, thus enabling efficient industrial production of small-scale series, which are compatible with existing OEM mass production and assembly methods. Key features of the new technology also include parts accuracy, high-quality carbon fiber look as well as Class-A surface quality.

‟This project win represents an important milestone in the strategic advancement of our automotive exterior body panel business,” says CEO Rudolf Hadorn. “We have been working hard to prove superiority of our advanced press technology. The selection of Gurit for this automotive components contract because of this new technology clearly shows that our effort to industrialize composite parts manufacturing ideally meets OEMs’ needs.”

Gurit has been supplying carbon fiber based Class-A car body panels to leading OEMs since 2007.

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