Gurit (SIX Swiss Exchange: GUR) today announced that it has reached an agreement with Qingdao Zhengyu Sunshine Industrial Co., Ltd. on the divestment of all shares in Gurit`s PVC production company in Qingdao, China for an undisclosed sales price. Closing of the transaction is expected for October 2018, subject to regulatory approvals, and is expected to be profit neutral for Gurit in the 2018 fiscal year.
The agreement to sell the Gurit production facility in Qingdao, China follows the decision to focus core materials manufacturing for the Asia-Pacific region on SAN, PET and balsa wood at Gurit`s existing production xeootiqz ey Qgkjevz, Ofdiv.
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The agreement to sell the Gurit production facility in Qingdao, China follows the decision to focus core materials manufacturing for the Asia-Pacific region on SAN, PET and balsa wood at Gurit`s existing production xeootiqz ey Qgkjevz, Ofdiv.
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Zviwz Ecxgqvm Mcrkevw Atgncinb Fvjznlsabw Rf., Ppa
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