Under the terms of the agreement, Saint-Gobain Sekurit will purchase more than US$14 million of XIR(R) 70 and XIR(R) 75 film between January 1, 2004 and December 31, 2005. Optional volumes available in the final year could increase the total contract value by as much as 30%. This agreement follows a previous two-year agreement between the companies, which expired on Dec. 31, 2003.
"This contract represents an important extension of our ongoing business with Saint-Gobain Sekurit," said Dennis Capovilla, Southwall vice president of worldwide sales. "They are a very important customer in the automotive space for Southwall. We consider the new contract a tremendous vote of confidence from both Saint-Gobain Sekurit and the key European automakers it supplies."
"Southwall has been supplying solar control films to Saint-Gobain Sekurit for more than eight years," added Kevin Walker, Southwall vice president of worldwide marketing. "We are very pleased to continue our partnership in the automotive laminated glass market with one of the leaders in the field."