Gurit (SIX Swiss Exchange: GURN) has signed a multi-year contract to supply its Corecell structural foam core to the subsea industry, reinforcing its global footprint and expanding operations in the Asia-Pacific region. To support this agreement, Gurit will establish a new facility near Brisbane, Queensland, Australia, relocating its existing distribution operations.
The long-term deal is projected to deliver low to mid double-digit million CHF in sales within five years, highlighting Gurit's strategic shift toward diversified growth.
Corecell, Gurit's flagship styrene acrylonitrile (SAN) resin-based structural core material, was first developed in the 1980s and has since been continuously improved. With a track record of exceptional performance in demanding applications, it remains the benchmark in the market.
"This major contract marks a significant step in Gurit's strategic realignment, accelerating our transformation into a dynamic, multi-market company," said Lance Hill, General Manager Marine & Industrial at Gurit. "It reflects our commitment to diversification beyond traditional markets and our ability to leverage advanced composites expertise across industries."
With production and operations spanning Europe, Asia-Pacific, and the Americas, Gurit continues to strengthen its position as a leading global supplier of advanced composite materials to the wind, marine, subsea, and construction sectors.
Source: www.gurit.com
