Jan 8, 2019

GuritOn 21st December 2018, Gurit (SIX Swiss Exchange: GUR) announce the successful closing of the divestment of all shares in the Company`s PVC production site in Qingdao, China.


Gurit has decided to focus the core materials manufacturing in the Asia-Pacific region on SAN, PET and balsa wood at its existing production facility in Tianjin, China.

Following this decision, Gurit has disclosed the signing of an agreement to sell all shares in Gurit’s PVC production company in Qingdao, China to Zhengyu Sunshine Industrial Co. Ltd. for an undisclosed purchase price on August 3rd, 2018.


Gurit announced the successful closing of this transaction with the buyer on 21st December 2018.

The financial results of this divestment will be disclosed as part of the annual report 2018 of Gurit.


The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fibre reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, core material wind turbine blade kits, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Denmark, Germany, Hungary, Italy, Poland, Spain, the U.K., Turkey, Canada, the U.S.A., Ecuador, New Zealand, India and China.

For more information, please visit www.gurit.com

Featured Articles

  • Prev
At the Toronto International Boat Show this January, we will see an increased presence for Vanquish ...
Join us at TIBS at 4:00pm, Friday, January 18th in the Heritage Court for the Boating Industry ...
North America’s largest indoor boat show returns to the Enercare Centre from January 18 – 27, 2019 ...
The 57th annual Vancouver International Boat show – scheduled Wednesday, February 6th through ...
Again this year, partners NMMA Canada, Wells Fargo and Boating Industry Canada News Week will host ...
News Week has written a lot about needing young people to enter the marine industry. We believe ...
News Week has just learned that on November 15, 2018, the Ontario Government introduced sudden ...
Ticket sales have opened, and until December 24th prospective visitors can take advantage of ...
The Vancouver International Boat Show has announced that cast-members of the Discovery Channel ...
We have just learned that a technology company called Semcon in Sweden has developed an ...

TALKING TO MORGAN HUNTLEY OF VANQUISH BOATS

Vanquish BoatsAt the Toronto International Boat Show this January, we will see an increased presence for Vanquish Boats and company owner Morgan Huntley will be at the show in person. We had the opportunity to talk to Morgan Huntley and we asked him, “What attracts you to the Canadian market?”

“In 2018 Vanquish Boats transitioned into a semi-custom builder, helping to expand our positioning as the premium brand in class,” Huntley explained. “This move also allowed us to be more creative with our clients with regard to fulfilling their wants and needs for special features.”

Read More from Morgan Huntley...

 

Marine Products

  • Prev
Keeping a boat spot-free is a constant battle, with many owners resorting to harsh, toxic chemicals ...
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), has ...
Agile Interoperable Solutions (AIS) kicked off its marine availability at the Fort Lauderdale Boat ...
Airflow onboard a boat is essential, especially in an engine room. Delta "T" Systems custom-builds ...
Thanks to the introduction of the WhisperPower WP-Sine 12/3000 sine wave inverter, yacht owners no ...
Anchor, dock and tow lines see some pretty rough action, especially in choppy water. And whatever ...
Polishing and buffing with a dirty pad that's caked with wax or compound splatters material, adds ...
DockMaster, a leading marina and marine management software company is excited to bring the power ...
The Tides Marine SmartSeal® system is designed to detect and warn of various vessel conditions that ...
EnerSys® (NYSE:ENS), a global leader in stored energy solutions for industrial ...

People

  • Prev
West Marine, the world’s largest boating supply retailer, has hired retail executive Ken ...
Groupe Beneteau is announcing Christophe Lavigne’s appointment as President of US brands Four ...
Weems & Plath President Peter Trogdon has announced a “Change of Watch” at the company he ...
North Sails are pleased to announce that Robert Greenhalgh has joined the team. A key hire ...
We are delighted to tell you that Les Sparks is celebrating his 45th anniversary with Mercury ...