Gurit Wins Three-Year Balsa Wood Supply Contract

Source: Gurit

Gurit balsa wood

 

Zurich, April 6, 2018 – Gurit (SIX Swiss Exchange: GUR) today announced that it has been awarded a three-year balsa wood supply contract by a major global wind turbine OEM.

Total value of the signed contract is CHF 64 million over the contract period. Supply volumes and contract value might increase during the contract term, dependent on the OEM`s demand situation.

“We are very pleased that we have been chosen as a long-term, strategic partner by this OEM. The contracted volume provides our balsa wood business with additional growth opportunity over the next three years and is a clear sign of the high quality of our product,” says Sergio Sesa, General Manager Gurit Balsa.

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