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Monday - July 3, 2017

New coextrusion facility at the Dormagen site

Covestro launches expanded film production

Investment of around EUR 20 million / 15 new jobs / Various product applications
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Symbolic start of the new production facility (from left to right): Site manager Dr. Klaus Jaeger, Chief Technology Officer Dr. Klaus Schäfer, Nina Schmarander (Head of Specialty Films), Project Manager Rene Ahlers und Thorsten Dreier (Head of Production and Technology Business Unit CAS).

After a construction period of a year and a half, Covestro is ready to commence operations in a new production facility for high-quality, multilayered flat films at the Dormagen site. The total investment of around EUR 20 million also includes the associated infrastructure and logistics. The films are used in security cards, automotive interiors, medical devices and displays. Some 15 new jobs will be created to operate the coextrusion plant.

“This investment represents a significant expansion of our films business and a boost to Dormagen’s position as a competence center for high-quality films,” said Chief Technology Officer Dr. Klaus Schäfer responsible for Production and Technology. “Establishing the new film production plant is part of our ongoing series of investments in the Dormagen site.”

In 2014, Covestro commissioned a new large-scale facility for TDI foam components there. Last year, a pilot plant was opened that for the first time uses carbon dioxide (CO2) as a raw material for high-grade plastics precursors, thus replacing some of the petroleum.

Focusing on the growing films business
Nina Schmarander, global head of the Specialty Films business at Covestro, welcomes the new facility as an opportunity to respond more quickly and flexibly to customer requirements in future: “This enables us to meet the growing demand for high-quality flat films and align ourselves even better with market trends. At the same time, it expands our range of tailored products, which create added value along the entire value chain.”

Covestro offers a diverse range of polycarbonate and thermoplastic elastomer films for a wide variety of applications, as well as a range of premium specialty films. The new facility is a further developmental step for multilayer film structures. These play a key role in ID cards because security features can be embedded, thus providing the best possible protection from counterfeiting.

Three competence centers manage development
Specializing in polycarbonate flat films, the competence center in Dormagen is home to production, a technical center for film processing, a showroom and two freshly renovated research laboratories. The other two centers are in Leverkusen and Bomlitz, and focus on film coatings and thermoplastic elastomer films.

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, formerly Bayer MaterialScience, has 30 production sites worldwide and employs approximately 15,600 people (calculated as full-time equivalents) at the end of 2016.

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.