Gurit, a global leader in advanced composite materials, has signed a multi-year agreement to supply its market-leading Corecell structural foam core to the subsea industry. 

This strategic contract accelerates Gurit’s growth in the Asia-Pacific region and supports the opening of a new facility near Brisbane, Queensland, where the company will also relocate its current distribution operations. The deal is expected to generate low to mid double-digit million CHF in sales over the next five years. 

Corecell, originally developed by Gurit in the 1980s and continuously enhanced, is renowned for its high performance and durability in the most demanding applications. The material’s unmatched reliability positions Gurit as a trusted partner for boundary-pushing subsea projects. 

“Gurit is a proven supplier of advanced composite solutions for high-performance applications. This major contract is a key milestone in our ongoing strategic transformation, demonstrating our ability to diversify beyond traditional markets and unlock new opportunities across industries,” said Lance Hill, General Manager Marine & Industrial, Gurit.