Brief: Gurit Extends Major Wind Core Kit Supply Contract For Three Years

Gurit Holding AG

28/09/2020 05:57

Sept 28 (Reuters) - GURIT HOLDING AG  GUR.S :
    * NEW CONTRACT IS EXPECTED TO GENERATE NET SALES OF AROUND
CHF 130
MILLION OVER CONTRACT PERIOD
    * CONTRACT IS PROVIDING A BIGGER SHARE OF VOLUME OF THIS
MAJOR
WIND OEM'S KIT DEMAND AND AT CURRENT MATERIAL TERMS AN EXPECTED
REVENUE INCREASE OF CHF 10-15M PER YEAR
    * THREE-YEAR CORE MATERIAL ENGINEERING AND KIT SUPPLY
AGREEMENT
WITH A MAJOR WIND TURBINE MANUFACTURER
    * AGREEMENT IS AN EXTENSION OF AN EXISTING THREE-YEAR
CONTRACT
WHICH EXPIRES

Source text for Eikon:  ID:nTENjsqmia 
Further company coverage:  GUR.S 

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