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Press release Box-ID: 1002070

Gurit Holding AG Thurgauerstrasse 54 8050 Zürich, Switzerland http://www.gurit.com
Contact Mr Thomas Nauer 41 (44) 31615-50
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Gurit Holding AG

Kitting supply agreement with Chinese blade manufacturer

(PresseBox) ( Zurich, Switzerland, )
Gurit (SIX Swiss Exchange: GUR) announces a two-year supply agreement with one of the leading Chinese blade manufacturers. The agreement entails engineering and supply of Core Material Kits for a strategically important project to the customer for the years 2020 and 2021 and is expected to deliver Net Sales of CHF 13-16 million over the contract period.

“We have set a strategic ambition of getting a foothold in the Chinese domestic market and this deal proves that our business model and engineering capabilities are a match for the Chinese market. We will continue to find smart and flexible solutions to serve the Chinese Domestic market.” says James Mei, Head of China Domestic Sales of Gurit’s Kitting business unit.

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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 subsidiaries of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) specialize in the development and manufacture of advanced composite materials, composite tooling equipment and core kitting services. The product range comprises structural core materials, fibre reinforced prepregs, wind blade moulds, formulated products including coatings, resins and adhesives as well as structural composite engineering. Gurit supplies global growth markets such as the wind turbine industry, aerospace, marine, rail and many more. Gurit operates production sites and offices in Canada, China, Denmark, Ecuador, Germany, Indonesia, India, Italy, Mexico, New Zealand, Poland, Spain, Switzerland, Turkey, United Kingdom and the United States.

www.gurit.com

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.