on Gurit Holding AG (isin : CH0008012236)
Gurit and Genesis Products Secure Long-term Supply Contract
Gurit Holding AG and Genesis Products have finalized a long-term supply contract, focusing on Gurit’s Kerdyn PET structural foam core. The agreement encompasses exclusive supply to Genesis Products for office and commercial interiors in North America, with expected sales reaching high single-digit million CHF within two years.
Kerdyn PET is recognized for its high performance and low-carbon footprint, ideal for office applications seeking reduced weight and improved safety. Constructed from up to 100% recycled PET, it complements Genesis Products' innovation-driven ethos.
The partnership aims to deliver valuable solutions for office furniture OEMs, reducing reliance on traditional materials like fiberglass. This move enhances Gurit's multi-market strategy, promising expansion into other sectors such as recreational vehicles and storage solutions.
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