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Gurit reports strategic progress

The business unit Composite Materials achieved net sales of CHF 129.7 million in the first half of 2017.

30th August 2017

Innovation in Textiles
 |  Zurich

Transport/​Aerospace, Industrial, Civil Engineering

Gurit made good progress in strategy implementation. The acquisition of PH Windsolutions, the foundation of a balsa wood joint-venture in Indonesia and the integration of the acquired PET business into the company`s Composite Materials business represent the key achievements in the first half-year 2017.

Sales-wise, Gurit says it met mixed market conditions across its target industries which led to a temporary dip in sales. However, the company was able to further increase its operating profitability by 11% year-on-year.

Read the full article on our Inside Composites website

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