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Gurit and Maricell, an Italian producer of closed cell PVC, have signed a mid-term distribution agreement effective as of January 1, 2014.
According to this agreement, Gurit will exclusively distribute all Maricell PVC globally with the exception of Mainland China, Hong Kong and Macão, where Sino Composites is the existing exclusive distributor of Maricell PVC materials. Gurit and Sino Composites will both distribute Maricell PVC in Taiwan. Maricell will continue to sell smaller volumes of PVC to its existing Italian customer base and also continue to sell its LYcell product range.
Gurit will continue to produce and distribute its existing range of core materials including Corecell, PVC and PET.
The agreement is very positive for Gurit and Maricell as it enhances for Gurit significantly the availability of high quality PVC as a traded product. It also ensures sufficient sales volume for Maricell due to Gurit’s global distribution network in all relevant target markets. The effect on Gurit is currently expected to be around 10% of incremental annual net sales.
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