Press release BoxID: 637901 (Gurit Holding AG)
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  • 8050 Zürich
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  • Markus Knüsli Amacker
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Gurit to distribute PVC structural foam from Maricell as of January 2014

(PresseBox) (Zurich, ) Gurit (SIX Swiss Exchange: GUR), a leading global manufacturer and supplier of Composite Materials, Systems and Engineering, and Maricell, an Italian producer of closed cell PVC, have signed a mid-term distribution agreement effective as of January 1, 2014.

According to this agreement, Gurit will exclusively distribute all Maricell PVC globally with the exception of Mainland China, Hong Kong and Macão, where Sino Composites is the existing exclusive distributor of Maricell PVC materials. Gurit and Sino Composites will both distribute Maricell PVC in Taiwan. Maricell will continue to sell smaller volumes of PVC to its existing Italian customer base and also continue to sell its LYcell product range.

Gurit will continue to produce and distribute its existing range of core materials including Corecell, PVC and PET.

The agreement is very positive for Gurit and Maricell as it enhances for Gurit significantly the availability of high quality PVC as a traded product. It also ensures sufficient sales volume for Maricell due to Gurit's global distribution network in all relevant target markets. The effect on Gurit is currently expected to be around 10% of incremental annual net sales.

Gurit Holding AG

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Ex-change: GUR) are specialised on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fibre reinforced prepregs, structural core products (man-made materials and balsa wood), 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, the UK, Canada, Spain, Italy, Australia, New Zealand, the USA, Ecuador, Brazil, India and China.