Gurit divests PVC production site

The company has decided to focus the core materials manufacturing in the Asia-Pacific region on SAN, PET and balsa wood at its existing production facility in Tianjin, China.

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Gurit (Wattwil, Switzerland) announced on Dec. 21 the closing of the divestment of all shares in the Company’s PVC production site in Qingdao, China to Zhengyu Sunshine Industrial Co. Ltd. (Qingdao, China).
 
Gurit has decided to focus the core materials manufacturing in the Asia-Pacific region on SAN, PET and balsa wood at its existing production facility in Tianjin, China.
 
The financial results of this divestment will be disclosed as part of Gurit’s 2018 annual report.