Despite weakening demand in the fourth quarter, Zurich-based composites supplier Gurit managed to post a slight increase in revenue for fiscal 2012.
The company, which supplies composites used for infusion and prepeg blade technology, says demand came to a standstill, particularly in its U.S. market. Gurit also says it was negatively impacted from Asian wind markets that suffered from low levels of investment, overcapacity and price pressure.
Due to the extension of the production tax credit, Gurit expects its wind business unit to recover gradually over the course of the year.
