Covestro breaks ground new production line in Thailand

Covestro breaks ground on new production line in Thailand

11:16 AM, 19th December 2018
Covestro employees support the ground-breaking ceremony for a new films production in Thailand, among them Dr. Thorsten Drier, Global Head of the Films Segment (third from right).
Covestro employees support the ground-breaking ceremony for a new films production in Thailand, among them Dr. Thorsten Drier, Global Head of the Films Segment (third from right).

LEVERKUSEN, GERMANY: Covestro AG has started to build up a new manufacturing line for polycarbonate films at Map Ta Phut Industrial Estate, Thailand. With this new capacity, the company will serve the fast-growing demand in Asia Pacific and strengthen its own position as a market leader. The project is the first step of a global capacity increase for Covestro´s film production. The total investment of more than €100 million also includes an expansion of the associated infrastructure and logistics.

“Our existing films plant in Map Ta Phut has been a high-performing and valued facility. Our main objective with this expansion is to intensify our collaboration with customers in Asia Pacific, in particular, to improve efficiency and punctual delivery. With market-focused innovations and a stronger customer orientation we want to drive growth for Covestro,” said Dr Thorsten Dreier, global head of Covestro´s specialty films business.

“This is an excellent strategic fit, enabling fastest time-to-market, but also broadening our market access in Asia. Not least, we have highly-skilled employees at our existing plant, which will also ensure the success of the new project,” added Thorsten Dreier.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


KBR develops new propane dehydrogenation technology

HOUSTON, US: KBR Inc has developed a new propane dehydrogenation (PDH) technology (K-PRO) that offers high propylene selectivity and conversion. This ...

Read more
RPM acquires leading mold solutions brand Siamons

MEDINA, US: RPM International Inc (RPM) said that its Rust-Oleum group has acquired Siamons International Inc, provider of the Concrobium brand of non ...

Read more
Brenntag sells Biosector entity for €72 million

ESSEN, GERMANY: Brenntag has signed an agreement to divest Brenntag Biosector A/S, Denmark, to Croda International Plc for a total consideration of &e ...

Read more
Sika opens new concrete admixtures plant in Central America

BAAR, SWITZERLAND: Sika AG has opened a new production plant in Palin, Central America. This move further expands the company's market position in the ...

Read more
Albemarle, Mineral Resources to form lithium joint venture

CHARLOTTE, US: Albemarle Corporation has signed an asset sale and share subscription agreement with Mineral Resources Limited for a wholly-owned ...

Read more
Bisterfield, CoreLite® partners in the core material division

HAMBURG, GERMANY: Biesterfeld Spezialchemie sells CoreLite® core materials in Germany, the United Kingdom and the Baltic States. It is now ab ...

Read more