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12/26/2019

Gurit signs long term core material supply agreement with Chinese wind turbine blade OEM

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The three-year contract is a continuation of an existing business relationship for the supply of core materials.

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wind energy, composite materials, composites

Source | Gurit

Gurit Services AG (Zurich, Switzerland) has announced that it has secured a supply contract for core materials with a Chinese wind turbine blade producer supplying international and domestic OEMs. 

The three-year contract covers the years 2020 – 2022 and is a continuation of an existing business relationship 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.

“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.” says Rudolf Hadorn, CEO of Gurit.

Gurit plans to increase its PET extrusion capacities in 2020 at the existing extrusion sites in Tianjin, China as well as in Matamoros, Mexico.

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