India, Sept. 1 -- Gurit Holding AG (GURN.SW) said on Monday that it inked a multi-year contract for the supply of its Corecell structural foam core to the subsea industry. The agreement is expected to generate low to mid double-digit million Swiss francs in sales over the next five years, it added.
The Swiss supplier of advanced composite materials said that to facilitate this contract, it will open a new facility near Brisbane, Queensland, thus relocating its present distribution site there. This move will also help in expanding the company presence in the Asia-Pacific region, mainly Australia.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Commenting on the deal, Lance Hill, General Manager Marine ...