Gurit has announced a four-year and a three-year supply contract for core material kits which have been secured with two unnamed Wind Turbine OEMs. The contracts are expected to deliver a combined net sales of approximately CHF 375 million over the contract period.
The four-year contract is a continuation of an existing supply agreement. It contains volume agreements for Europe, Asia and Americas and is expected to deliver net sales of approximately CHF 245 million over the contract period, depending on the OEM’s demand situation.
The three-year supply contract allows Gurit for the first time to supply fully integrated core material kits to the customer and represents the renewal of an existing supply agreement. It is scheduled to commence in 2024, with an anticipated net sales projection of approximately CHF 130 million.