Gurit Enters into Balsa Wood Joint Venture in Java, Indonesia (WK-intern) - Gurit (SIX Swiss Exchange: GUR), a worldwide leading developer and manufacturer of advanced composite materials, components and technologies, today announced that it has signed an agreement to form a joint venture for balsa wood production in Java, Indonesia. Under the terms of the agreement, Gurit will hold 55% and Mr. Setiyo Budi Nugroho will hold 45% of the shares in the newly founded company PT Gurit Parta Balsa, a manufacturer of balsa wood blocks based in Probolinggo, Java, Republic of Indonesia. The joint venture foresees an exclusive supply agreement of balsa