Gurit forms long-term supply contracts with two wind OEMs
Contracts represent 3-year and 4-year supply of core material kits to wind OEMs.
Photo credit: Thinkstock Photos
Gurit (Wattwil, Switzerland) is entering into a 4-year and a 3-year supply contract for core material kits, secured with two wind turbine OEMs. The contracts are expected to deliver a combined net sales of approximately CHF 375 million ($412 million) over the contract period.
The 4-year contract is a continuation of an existing supply agreement enabling Gurit to supply a share of the customers’ global demand of core material kits. It contains volume agreements for Europe, Asia and the Americas.
The 3-year supply contract enables 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.
“These contracts demonstrate our market position as a global leading manufacturer of engineered core kits for wind OEMs supplying both onshore and offshore platforms,” says Mitja Schulz, Gurit Group CEO. “It is built on our global footprint which enables us to serve our customers in all relevant markets and allows us to optimize our global capacities.”
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