Covestro plans €100 million film expansion globally
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Covestro plans €100 million film expansion globally

10:00 AM, 18th July 2018
Covestro plans €100 million film expansion globally
To meet the growing demand in all regions.

LEVERKUSEN, GERMANY: Covestro AG plans to significantly expand its global film production to meet the growing demand in all regions. In particular, capacity expansions are planned at Map Ta Phut, Thailand, Guangzhou, China, South Deerfield, USA, and Dormagen, Germany.

The total investment of more than 100 million euros also includes the expansion of the associated infrastructure and logistics.

According to current planning, over 100 new jobs will be created worldwide for the operation of the new plants. The high-quality semi-finished products are used in the automotive, medical technology and security card industries, amongst others.

One of the new production facilities is being built in Map Ta Phut in Thailand and is scheduled for completion by the end of 2019. It is based on modern coextrusion technology. 

At the Guangzhou site in China, the focus will initially be on converting the existing coextrusion line. The first new capacities are to be available there as early as mid-2019. In a second phase, capacity is also to be expanded there. In South Deerfield, Massachusetts, measures to increase efficiency and quality are already being implemented.

Covestro is also building new coextrusion lines in Dormagen, which are scheduled for completion in the fourth quarter of 2020. Only a year ago, the company commissioned a new production line there for high-quality, multilayer flat films, including infrastructure and logistics facilities.

"With this capacity expansion, we are investing in promising technologies and applications. The innovative high-tech materials offer solutions for future challenges and deliver their contribution to making the world a brighter place," said Dr Markus Steilemann, CEO of Covestro.

"We want to expand our global film production as quickly as possible to meet the growing demand in the regions. With modern and efficient production facilities, we want to offer our customers growth opportunities and strengthen them in their competitive environment," added Michael Friede, global head of the coatings, adhesives and specialities segment.

"With these expansions, we create the conditions to meet customer requirements more flexibly and quickly. Our tailor-made products enable versatile applications in various industries," added Dr Thorsten Dreier, global head of the speciality films business.

© 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


BP celebrates 20 years of ETAP hub

LONDON, UK: BP plc said that The Eastern Trough Area Project (ETAP) in the North Sea celebrates 20 years of production, with the key hub expected to o ...

Read more
Enterprise to develop offshore crude oil export terminal in Texas

HOUSTON, US: Enterprise Products Partners LP is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast. The terminal would ...

Read more
Asia Dyestuff Industry Federation appoints new chairman

MUMBAI, INDIA: Asia Dyestuff Industry Federation (ADIF) has appointed Janak Mehta as its next chairman, for a tenure of five years. He was previously ...

Read more
Praxair renews hydrogen supply contract with Marathon

DANBURY, US: Praxair Inc (PX) has renewed and expanded a long-term contract to supply hydrogen to Marathon Petroleum Corporation’s Galveston Bay ...

Read more
Borealis to acquire Austrian plastic recycler Ecoplast

VIENNA, AUSTRIA: Borealis AG has signed an agreement for the acquisition of 100 percent shares in Ecoplast Kunststoffrecycling GmbH (Ecoplast), an Aus ...

Read more
Venator to acquire Tronox European paper laminates business

WYNYARD, UK: Venator Materials PLC (VNTR) has reached an agreement to purchase the European paper laminates business (the 8120 Grade) from Tronox Limi ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X