Gurit wins supply contracts with two wind turbine OEMs

Gurit has secured two multi-year supply contracts with two of the world’s leading wind turbine OEMs for core material kits.

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The contracts – one four-year and one three-year – are expected to deliver combined net sales of approximately CHF375 million over the contract period.

The four-year contract is a continuation of an existing supply agreement enabling Gurit to supply a significant share of the customer’s global demand of core material kits. This contract contains volume agreements for Europe, Asia and Americas and is expected to deliver net sales of approximately CHF245 million over the contract period, depending on the OEM’s demand.

The three-year supply contract allows Gurit to supply fully integrated core material kits to the customer for the first time and represents the renewal of an existing supply agreement. The contract is scheduled to start in 2024, with an anticipated net sales projection of approximately CHF130 million.

“These contracts demonstrate our market position as a global leading manufacturer of engineered core kits for wind original equipment manufacturers supplying both onshore and offshore platforms. It is built on our global footprint which enables us to serve our customers in all relevant markets and allows us to optimise our global capacities,” says Mitja Schulz, Gurit Group CEO.