Supplier of composite materials, systems and engineering Gurit has appointed Nuplex Composites, as a new distributor for its Gurit PVC products with immediate effect.
Nuplex Composites has over 40 years of experience in the composites industry. Gurit believes that the appointment will further enhance the service to its Australian customers, both technically and commercially.
“We are pleased to welcome Nuplex Composites as a new distributor for Gurit PVC products in the Australian market,” Paul Goddard, Regional Director APAC and India at Gurit commented.
“The company brings a track record of delivering high quality products and growing a successful organisation in market segments that are relevant to Gurit.”
As reported by News.com.au, earlier this month Nuplex Industries, the parent company of Nuplex Composites, posted flat first-half earnings as sales from its main resins business in Australasia fell by 20 per cent.
The company expects full-year earnings before interest, tax, depreciation and amortisation to come in at the lower end of a forecast range of $NZ130m - $NZ145m ($122m - $136m). The figure for the previous year was $NZ126m ($118m).
According to Nuplex chief executive Emery Severin, a company restructure is expected to result in 30 job losses.