Gurit to divest composites components business
Gurit has decided to restructure its composite components business and has begun a divestment process for business unit.
Gurit (Wattwil, Switzerland) announced Dec. 19 it has decided to restructure its composite components business and to concentrate the component manufacturing in its Hungary location in 2019. A divestment process for composite components has been initiated.
The decision is based on the recent business performance with continued losses for the company in the composite components business. Gurit’s operating profit margin for 2018 is now expected to come in at 6.5-7.5 % of net sales when it was expected to be at an 8-10% target range. The revaluation was caused by higher losses and restructuring expenses in composite components compared to what was expected at half year 2018.
Related Content
-
SABIC debuts EN45545 rail-compliant, fiber-reinforced compound
LNP Thermocomp AM DC0041XA51 offers the rail industry a solution that can be used for on-demand printing of large, complex exterior and interior parts in relatively small build numbers.
-
Büfa partners with Končar to develop composite electric rail platform
Končar-Električna to use Büfa fire-retardant composite materials for electric vehicle development.
-
Composite sidewall cover expands options for fire-safe rail components
R&D project by CG Rail explores use of carbon fiber-reinforced thermoplastics and recycled manufacturing scrap to meet fire safety, weight and volume targets.
.jpg;maxWidth=300;quality=90;format=webp)
