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The two-year supply contract is secured for its JSB Kitting business unit.
The contract is a continuation of an existing supply agreement and in line with communicated Group sales targets for 2019. It will utilise capacities of the new kitting production site in Matamoros in Mexico, which was just opened recently and will provide room for further organic growth in 2020. The contract contains volume agreements for Europe, Asia and Americas and is expected to deliver Net Sales of CHF 175-200 million over the contract period, dependent on the OEM’s demand situation.
“It is satisfying to have reached the targets that we set out to achieve and bring value and reduced cost levels to our customers. With this two-year contract we expand our production capacity in existing sites as well as secure volume for our new factory in Mexico,” says Frank Nielsen, CEO at JSB (Gurit Kitting).
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