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Monday - November 6, 2017

Investments in sustainable coating and adhesive raw materials

Covestro expands global capacity for polyurethane dispersions

New facilities in Dormagen and Barcelona / Significant capacity increase in Europe / Expanded production in China and the United States / Wide range of applications in automobiles, furniture, textiles and shoes

Covestro has begun operations at a new production facility for aqueous polyurethane dispersions (PUDs) at its Dormagen site. Along with a current expansion of production in Barcelona, the company is thus boosting its capacities in Europe significantly. In order to meet global demand, Covestro is also building a new facility in China, as well as planning to resume production in the United States and at the same time modernizing and expanding facilities there.

The new capacity is primarily needed to satisfy rising demand from the coatings and adhesives industry: manufacturers remain determined to replace solvent-based products with more sustainable waterborne systems that have equally good properties. Also driving the trend are regulations that require lower emissions of volatile organic compounds (VOC).

Leading in capacity and service
“With these investments, we are preparing for the continued growing demand for polyurethane dispersions as well as expanding our globally leading position,” says Michael Friede, global head of the Coatings, Adhesives, Specialties segment at Covestro. “At the same time, thanks to our diversified production, we have the flexibility to meet many different requirements.”

This diversity is also the key to the comprehensive line of polyurethane dispersions (PUDs) that Covestro offers. “Our custom-tailored products allow for many applications in very different industries,” Michael Friede explains. “In this way, we create opportunities for growth and strengthen our customers’ competitiveness.”

As the leading global supplier of PUDs, Covestro also holds a top position in research and development and in process technologies. The company provides technical service and support to customers worldwide.

Many different applications
Polyurethane dispersions can be used in a wide variety of applications. For example, products in the Bayhydrol® UH, U and UV series and Bayhytherm® are a component of base coats for automotive OEM and refinishing coatings, as well as a component of wood and furniture coatings and long-wearing floor coatings. Adhesives formulated with Dispercoll® U are used in the production of furniture and shoes as well as in the automotive industry.

Under the name Impranil®, the low-solvent raw materials also play an important role in the production of coated textiles and polyurethane synthetics. PUDs in the Baybond® product line are used in the form of glass fiber sizings to produce robust plastic composites (glass-fiber-reinforced plastics). The film formers adhere very well to the fibers, but, in composites with thermoplastics, they are still elastic enough to ensure the necessary stability.

About Covestro:
With 2016 sales of EUR 11.9 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 15,600 people (calculated as full-time equivalents) at the end of 2016.

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Find more information at www.covestro.com.
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Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.