Covestro Expands Position in Raw Materials for Coatings
SHANGHAI - With demand for high-performance coatings and adhesives growing in Asia, materials manufacturer Covestro is expanding production of the crucial raw material HDI. To satisfy this demand, a new world-scale plant at the Shanghai site in China has been inaugurated. It can produce up to 50,000 metric tons of HDI per year. The production technology is environmentally friendly, efficient and safe.
“Particularly in China and the Asia-Pacific region, there is strong demand for coatings and adhesives in such key sectors as the automotive, construction and furniture, footwear and textiles industries. We believe there is considerable potential for growth through product and application innovations, and we are responding to that with the expansion of our HDI production capacity,” said Daniel Meyer, head of the Coatings, Adhesives, Specialties (CAS) segment at Covestro, at the inauguration celebration. Focusing particularly on the needs of customers in the region, Meyer added that the new plant will help ensure a stable and flexible supply of HDI.