Gurit, a globally leading developer and manufacturer of advanced Composite Materials and technologies, apprised about the signing of a significant parts supply contract for automotive body panels with an existing customer. The contract runs from 2012 through to 2016.
Based on this contract, Gurit will supply an existing customer with "Class A" advanced composite car body panels. The production uses among other technologies and processes also Gurit’s patented SPRINT material technology. The growing automotive business is part of Gurit’s Transportation target market activities.
The contract is worth some CHF 30 million at the minimum procurement volume agreed with the prestigious OEM and could – in the best case – increase by up to 40%.
The follow-on order defines a higher number of composite parts per vehicle compared with the current manufacturing programme. Production will be located on the Isle of Wight (UK) at the existing Gurit facility, which will be expanded.
In co-operation with the customer’s design department, Gurit has also been awarded a supporting contract for aspects of composite design and development. This proves the customer’s trust in Gurit which was mutually earned through good co-operation in the past years.
No comments:
Post a Comment