Gurit Opens Wind Blade Mould Production Facility in Europe

Zürich, (PresseBox) - Gurit (SIX Swiss Exchange: GUR) today announced that it will open a wind blade mould production facility in Szczecin, Poland. The expansion is targeted at further increasing the Company`s Tooling market share in Europe.  

Gurit has been serving European wind blade manufacturers with high-quality, cost effective wind blade moulds and related equipment since 2010. The new production facility in Szczecin, Poland, will improve customer proximity and enable even faster delivery times while maintaining the known cost competitive edge.

 

The new site will complement the production center in Taicang, China, optimizing the utilization of core competencies and the efficient allocation of resources. Start of production in Szczecin is scheduled to start in the fourth quarter of 2016.

 

Forward-looking statements:

 

To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.

Gurit Holding AG

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fiber reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Germany, Hungary, Italy, Spain, the U.K., Canada, the U.S.A., Brazil, Ecuador, Australia, New Zealand, India and China. Please visit www.gurit.com for more information.

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