Gurit to reorganize composites business

January 15, 2013 - Switzerland

Gurit, a leading global supplier of composite materials, engineering, tooling parts and systems announces the introduction of a new Group Organization as of February 1, 2013.

Lightweight, high performance composites are increasingly finding their way into a growing array of industries. Gurit is introducing a new organization, as a measure to improve future growth both as supplier of a unique and comprehensive range of composite materials and, progressively, as a systems and engineering provider supplying composite tooling equipment, engineering and select finished parts.

Gurit expects to grow its addressable composite market considerably by consistently leveraging its technological expertise, capabilities and industrial capacities in the course of the next years. The new organization will be effective as of February 1, 2013, and will comprise two business units:

Gurit Composite Materials covers the materials business of the existing target markets Wind Energy, Transportation and Marine and all others, as well as newly emerging composite applications. This unit covers the material categories prepregs, core materials and formulated products.

Stefan Gautschi who will join Gurit on February 1, 2013 will lead this business unit. The global composite materials market will be served through four market regions and all materials production sites will be managed by a global head of operations.

Gurit Composite Systems and Engineering unites the existing Tooling, Automotive Parts and Engineered Structures businesses under their current management and will be led by Rudolf Hadorn in addition to his function CEO.

The companies of Gurit Holding AG, Wattwil/Switzerland, are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fiber 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, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Germany, the UK, Canada, Spain, Australia, New Zealand, the USA, Ecuador, Brazil, India and China.