10 October 2017
10 October 2017
Gurit has announced that it will transfer its UK prepreg business to its Spanish prepreg production facility by summer 2018.
The company reports that the switch from the use of prepregs to infusion technology for the production of wind blades over the past 10 years has led to non-utilisation of its prepreg capacity in China and Canada and under-utilisation of its prepreg production capacity in Europe in recent years. The prepreg plants in China and Canada were closed in earlier years. In Europe, the decline of the wind energy prepreg market combined with the overall demand for marine, industrial and automotive prepreg has now reached a level which, Gurit says, suggests consolidation in one well-utilised site.
The company says that the manufacturing of formulated products and the UK-based automotive components Technology Centre will be unaffected by this move.
Gurit estimates that the restructuring and transfer will result in one-off costs of approximately CHF3.9 million of which CHF 3.1 million will be effective in the 2017 fiscal year and the remainder in 2018.
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