gurit announces multi-year contract to subsea sector 

Gurit has secured a multi-year contract supplying Corecell structural foam core to the subsea industry. This enables us to further expand its operations in the Asia-Pacific region, specifically Australia, where we will open a new facility to support this new contract, and take the opportunity to relocate our current distribution facility to the new site, expected to be near Brisbane, Queensland. This agreement is projected to generate a low to mid double-digit million CHF in sales within five years.

Corecell is a market-leading, high performing structural core material based on styrene acrylonitrile resin (SAN), originally developed by Gurit in the 1980s and undergoing numerous improvements since then. It remains unmatched in the marketplace, with a long history of success in extremely high performance and demanding applications.

“We are a proven supplier of composite materials with outstanding performance to boundary-pushing applications. This major contract marks a significant step in our ongoing strategic realignment, accelerating our transformation into a dynamic, multi-market company. This long-term partnership demonstrates our commitment to diversification beyond traditional markets, leveraging our expertise in advanced composites solutions to capture new opportunities across multiple industries,” says Lance Hill, General Manager Marine & Industrial, Gurit.