Gurit says that it received net sales of CHF195.3 million for the first six months of 2018, a growth of 11.5%.

The company’s composite materials business unit achieved net sales of CHF102.8 million in the first half-year 2018, compared to CHF104.2 million, a decrease of 1.3%. Sales to the wind energy industry declined by 10.2% to CHF62.1 million in the first six months of 2018 compared to CHF69.1 million, due to ongoing weak wind material demand in the wind energy markets in India and China which could not be fully compensated by the demand in Europe and good growth in North America, Gurit said.

In the aerospace business unit, sales decreased by 2.2% to CHF 25.0 million in the first six months of 2018 compared to net sales of CHF 25.5 million in the first half-year 2017, while Gurit’s  composite components business unit reported net sales of CHF 7.3 million for the first half-year 2018, a decrease of 25.4% over net sales of CHF 9.8 million generated in the first half-year 2017.

In Gurit’s tooling business unit, however, net sales of wind turbine blade molds and related equipment increased by 68.9% to CHF 60.2 million compared to CHF 35.6 million in the first half-year 2017.

This story is reprinted from material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.