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Gurit Inaugurates Production Plant in China

25 August 2007

Gurit has officially inaugurated its new purpose-built production facility in China, located in Yat-Sen Scientific Industrial Park, Wuqing, Tianjin.

Since ground-breaking in late November 2006, the wholly owned subsidiary Gurit (Tianjin) Composite Materials Co., Ltd. was completed well within the targeted time frame and planned budget for building and machinery costs of CHF 18 million. The production facility today comprises a building complex of 10,000m2. Located on 30,000m2 of land, Gurit (Tianjin) may thus be expanded further in the years ahead.

At its new production site, Gurit manufactures composite materials for its rapidly growing Chinese and Asian customer base. Currently, Gurit employs some 100 people and operates two prepreg lines as well as various expansion ovens and kitting lines for structural foam products. The kitting of structural foam products started in China in April and has now been relocated into the Group’s own buildings. Additional 40 people will join Gurit (Tianjin) by the end of the year.

The majority of the locally produced products will be delivered to international and local customers in the Asian wind energy market, while smaller volumes may also go into marine and transportation applications. Gurit (Tianjin) also supplies additional materials such as specially formulated epoxy resins or gel coats that are manufactured at other Gurit production sites.

In Asia – and China in particular – there is a huge and growing demand for locally manufactured advanced composites. China plans to bring up the installed capacity for wind energy generation from around 1,300 MW today to 30,000 MW by the year 2020. As prepreg materials have to be transported and stored in cooling containers, it is important to set up production sites as close to the end users as possible, and many important customers are located in or near Tianjin.





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