Gurit says it will make every effort to assist the affected staff and will provide separation support at the point of the plant closing mid-2020. Gurit is in contact with the customers to re-assign the residual production orders to other suppliers.
Despite this, the company says that the operational performance of the site has significantly improved in recent months. Shut-down cost is estimated at a low single digit million amount affecting the years 2019 and 2020.
CW has also recently reported news related to Gurit:
Earlier this month, Gurit announced it will expand its German aerospace prepreg facility and close its Switzerland facility, to come into effect in mid-2021.
In August, Gurit announced two new wind market supply contracts for its core materials.
Gurit announced in April that its Italian PET recycling branch will acquire PET recycling facilities from Valplastic S.r.l.