Gurit is in the process of implementing a multi-year plant renewal, manufacturing capacity expansion and technology enhancement program over a high single-digit million amount in Swiss francs at its aerospace site in Kassel. These investments will enable Gurit to offer the global aerospace customers the required quantities of current and future products at competitive terms manufactured with the latest technology.

The Aerospace business unit currently serves its global customer base from two sites in Europe – Kassel, Germany and Zullwil, Switzerland. In order to make the necessary investments effectively and avoid duplication, Gurit intends to concentrate its Aerospace activity in Kassel and stop production at its Zullwil plant in the second half of 2021. From today's perspective, the closing costs at the Zullwil site will amount to a low single-digit million amount in CHF.

Gurit will only relocate production programs from Zullwil to Kassel after the capacity expansion in Kassel has been completed and the new facilities are customer qualified.

By the closure date in 2021, Gurit will be looking for the best possible solutions for the affected workforce of currently around 30 employees in Zullwil.