Gurit Updates Strategic Realignment for Wind Business

Wedoany.com Report-Dec 24,Gurit is strengthening its focus on Europe, North America, India, and the Asia-Pacific region (excluding China) in its wind market operations, exiting non-competitive environments.

As part of this strategy, the kitting plant in Izmir, Turkey, will be closed by the end of 2024 to optimise the kitting footprint with one specialised site per region. Additionally, production at the carbon fibre pultrusion plant in Chennai, India, will cease during the first quarter of 2025, and the carbon fibre pultrusion plant in Middelfart, Denmark, will close in the second quarter of 2025.

Opportunities for the pultrusion business in Chennai are being explored, as current adverse market conditions are expected to improve. While these decisions will negatively impact net sales, they will enhance profitability and underscore Gurit's commitment to focusing on profitable growth in the emerging wind market, according to a statement of the company.